QUESTION In the decline stage of a business life cycle, sales decrease at an accelerating rate, but profits may continue to rise. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The introductory stage of a business life cycle is the most profitable since the company is often alone in offering the unique product to the market. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Sole proprietors can treat sales revenues and operating expenses as part of their personal finances, paying taxes based on their personal tax rate. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION When you make investment decisions, you need to think about ________. a. the short term, but not the long term b. neither the short term nor the long term c. both the short term and the long term d. the long term, but not the short term ANSWER c
Date: September 3rd, 2020
QUESTION Effective followers ________. a. liability b. wait for others to step up c. support decisions based on personal opinion d. have a me rather than a we focus ANSWER c
Date: September 3rd, 2020
QUESTION Entrepreneurs use SWOT analyses to find competitive advantages. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The economic system that best describes the United States is ________. a. capitalism b. communism c. mixed market d. socialism ANSWER c
Date: September 3rd, 2020
QUESTION The tendency for a team to want to conform is called continuous learning. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION The document that compares a company’s internal strengths and external opportunities against their internal weaknesses and external threats is called a competitive balance sheet. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Other than cash, list and define five types of assets. What will be an ideal response? ANSWER (1) Accounts receivable is any money that you or a business is owed. (2) Notes receivable is any money that you or a business is owed and that has a written promise for payment. (3) Fixed […]
Date: September 3rd, 2020
