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
QUESTION A person who has formal authority and takes care of four main functions is a(n) ________. a. manager b. employee c. follower d. leader ANSWER a
Date: September 3rd, 2020
QUESTION Industries tend to spread out geographically during the growth stage of a business life cycle. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The Post-It note was developed by an employee of 3M who had a new product idea. This employee was an intrapreneur. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION What are current assets? What will be an ideal response? ANSWER Current assets can be easily converted into cash within one calendar year. Examples include cash, checking accounts, accounts receivable, and notes receivable that are due within one year.
Date: September 3rd, 2020
QUESTION A person who has the ability to motivate, inspire, and influence the behaviors of other people is a(n) ________. a. follower b. leader c. employee d. manager ANSWER b
Date: September 3rd, 2020
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 Vertical diversification ________. a. focuses your money on just one type of asset b. spreads your money between different types of assets c. involves owning assets that address different aspects of the same situation d. moves the value of your money only upward ANSWER b
Date: September 3rd, 2020
QUESTION Amazon.com’s Kindle, a wireless reading device, is an example of a disruptive innovation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
