QUESTION During the maturity stage of a business life cycle, a business may have excess funds to pay shareholders. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Purchasing an established business can be considered a form of entrepreneurship. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The text describes a townhouse that you can rent out as an example of an asset that generates income. Give another example. What will be an ideal response? ANSWER Student answers will vary. Examples might include land that can be rented out for a parking lot, a factory assembly line that produces goods […]
Date: September 3rd, 2020
QUESTION The biggest thing that separates leading from managing is the focus on ________. a. directing operations b. influencing people c. organizing departments d. controlling budgets ANSWER b
Date: September 3rd, 2020
QUESTION Investments in objects—such as coins, stamps, and art—are ________ liquid. a. less b. not at all c. slightly d. extremely ANSWER a
Date: September 3rd, 2020
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 Leaders need only to create a vision without also communicating it throughout the organization. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Entrepreneurship requires an innovative spirit. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
