QUESTION If there are no other tasks to accomplish, the team may decide to ________. a. storm b. form c. perform d. adjourn ANSWER d
Date: September 3rd, 2020
QUESTION Owners of Subway restaurants, Supercuts hair salons, and UPS Stores are called ________. a. intrapreneurs b. interpreneurs c. social entrepreneurs d. franchisees ANSWER d
Date: September 3rd, 2020
QUESTION What term describes the level of competition in which there is only one provider of a good or service and no substitutes for the product exist? a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER a
Date: September 3rd, 2020
QUESTION What is NOT a benefit of owning a franchise? a. Training is provided by the parent company. b. All profits remain with the franchisee. c. Advertising is done by the franchisor. d. There is limited risk involved. ANSWER b
Date: September 3rd, 2020
QUESTION If you know exactly what you want out of life, you are probably a ________. a. performer b. detailer c. director d. people-pleaser ANSWER c
Date: September 3rd, 2020
QUESTION Which statement about monopolies is FALSE? a. There is one seller. b. The products offered are unique. c. Entry into the market is almost impossible. d. The airline industry is a good example. ANSWER d
Date: September 3rd, 2020
QUESTION Organizational change is A) the amount of money a corporation receives back from the government if it overpays its corporate taxes. B) planned or unplanned transformations in the structure, technology, and people a company uses. C) a shift in customers’ preferences for a company’s products or services. D) the sudden emergence of new competitors […]
Date: September 3rd, 2020
QUESTION ________ means giving specific tasks to the right people according to their individual skill sets while also effectively explaining and clarifying the task and the goal. a. Delegating tasks b. Avoiding groupthink c. Providing feedback d. Encouraging continuous learning ANSWER a
Date: September 3rd, 2020
QUESTION If you relish the chance to launch into a story at any opportunity, you are probably a ________. a. performer b. director c. detailer d. people-pleaser ANSWER a
Date: September 3rd, 2020
QUESTION Glenda plans to buy a video store franchise. Which of the following MOST likely convinced her to buy a franchise instead of starting up her own business? a. Business owners are not totally responsible for their decision making. b. Business owners are not responsible for paying royalty fees in a franchise. c. Business owners […]
Date: September 3rd, 2020
