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 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 Businesses operating in monopolistic competition often use a brand name so that customers perceive significant differences in two similar products. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Groupthink is the tendency for a team to want to conform in an effort to minimize conflict. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
