QUESTION What is NOT an advantage of a partnership? a. There is automatic unlimited liability. b. There is more start-up money available. c. They are very flexible. d. There are shared resources. ANSWER a
Date: September 3rd, 2020
QUESTION Erica chooses to purchase her winter coat from LL Bean because they offer her superior customer service. LL Bean is operating in a ________. a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER b
Date: September 3rd, 2020
QUESTION The visible manifestations of an organization’s culture include all of the following EXCEPT A) the mission statement. B) informal leaders’ identities. C) dress codes. D) annual reports. ANSWER B
Date: September 3rd, 2020
QUESTION Jennifer Wyatt wanted to find new customers for her store. On her own, she decided to hand out fliers in the neighborhood. Which of the five Is is Jennifer demonstrating? What will be an ideal response? ANSWER Jennifer is showing initiative by stepping up to the challenge, acting independently, and taking control of […]
Date: September 3rd, 2020
QUESTION Ryan and Kara have decided to start a landscaping business. One of the first things that they do is sign the ________, which describes the investments and their responsibilities and makes provisions for the allocations of profits and dissolution of the business.a. articles of in corporation b. partnership agreement c. partnership charter d. corporate […]
Date: September 3rd, 2020
QUESTION Your grandfather just bought his eighth Dodge truck from the same dealer he has gone to over thirty years. He demonstrates brand ________. Fill in the blank(s) with correct word ANSWER loyalty
Date: September 3rd, 2020
QUESTION In the product life cycle, the product is officially made available to the public in the ______. Fill in the blank(s) with correct word ANSWER introduction phase
Date: September 3rd, 2020
QUESTION The invisible manifestations of an organization’s culture include all of the following EXCEPT A) relationships. B) behavioral norms. C) the organization chart. D) employees’ perceptions of top managers. ANSWER C
Date: September 3rd, 2020
QUESTION Which of the following determines the level of competition in a given market? a. The number of substitutes for a certain product or service. b. The amount of value attached to the cost of labor. c. The degree of government intervention in the market. d. The level of consumption for a given product. […]
Date: September 3rd, 2020
QUESTION People who enjoy doing the work itself, so that the job is its own reward, are motivated by _______ factors. a. intrinsic b. both intrinsic and extrinsic c. extrinsic d. neither intrinsic nor extrinsic ANSWER a
Date: September 3rd, 2020
