QUESTION Which is true of demand? a. The quantity demanded decreases as the price increases. b. The quantity demanded decreases as the price decreases. c. The quantity demanded increases as the price of substitute goods decreases. d. The quantity demanded remains the same as price decreases. ANSWER a
Date: September 3rd, 2020
QUESTION Define an IPO. What will be an ideal response? ANSWER IPO stands for initial public offering. An IPO occurs when a company first makes stock available to the public. The company receives money from the stock purchases, and buyers receive part ownership of the company.
Date: September 3rd, 2020
QUESTION Entrepreneurs share some similar characteristics, among which are ________. a. reserve and optimism b. optimism and integrity c. integrity and pessimism d. risk avoidance and pessimism ANSWER b
Date: September 3rd, 2020
QUESTION Describe two methods for using accounts receivable to generate short-term funding. What will be an ideal response? ANSWER Pledging involves using accounts receivable as collateral for a bank loan. Factoring is the sale of accounts receivable to a third party at a discounted rate. These types of financing free up money that is […]
Date: September 3rd, 2020
QUESTION In a free market, if a product is offered, and buyers want it, the increasing demand for the product will ________. a. drive the price down because many of them sell b. drive the price up because the producer has a limited supply c. drive the supply and price down d. drive the demand […]
Date: September 3rd, 2020
QUESTION Integrity is about ________. a. being inconsistent b. recognizing that there is no connection between words and actions c. fearing to stay true to yourself d. speaking truthfully ANSWER d
Date: September 3rd, 2020
QUESTION Which of these will NOT shift the demand curve? a. changes in customer preference b. increases in the number of potential buyers c. the prices of substitute products d. changes in production costs ANSWER d
Date: September 3rd, 2020
QUESTION Which person would MOST likely be a successful entrepreneur? a. Erica, who asks others to help her decide what to do next b. Allison, who embraces challenge, risk, and unexpected situations c. Steve, who focuses on the details of his current projects d. Jack, who needs regular paychecks to cover tuition ANSWER b
Date: September 3rd, 2020
QUESTION An organization’s hierarchy of authority is A) a diagram showing the governance bodies to whom the CEO reports. B) a list of the company’s top executives and their immediate direct reports. C) the organization’s official configuration of reporting relationships. D) the position the organization holds in its industry in terms of profitability. ANSWER […]
Date: September 3rd, 2020
QUESTION That’s Brilliant sells $1 light bulbs for home use. Last year, the company produced 10 million bulbs and sold 8.5 million bulbs. The number of light bulbs offered by That’s Brilliant is the ________. a. supply b. demand c. surplus d. shortage ANSWER a
Date: September 3rd, 2020
