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
QUESTION Entrepreneurship requires an innovative spirit. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Horizontal diversification ________. a. keeps the value of your money level b. involves owning assets that address different aspects of the same situation c. spreads your money between different types of assets d. focuses your money on just one type of asset ANSWER b
QUESTION Short-term wins have no effect on keeping people motivated Indicate whether the statement is true or false ANSWER FALSE
QUESTION An oligopoly is a form of competition in which only a few businesses make up an industry. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Although a certificate of deposit (CD) provides a ________ rate of return than a savings account, the CD is ________ liquid than the savings account. a. lower; less b. lower; more c. higher; less d. higher; more ANSWER c
QUESTION Businesses influential enough to affect the price of an item are price takers. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Innovation is change that customers reward with their purchasing power. Indicate whether the statement is true or false ANSWER TRUE
QUESTION The three types of innovation are incremental, disruptive, and exponential. Indicate whether the statement is true or false ANSWER FALSE
QUESTION All of the following assets are considered to be liquid EXCEPT ______. a. bank accounts b. certificates of deposit (CDs) c. artwork d. common stock that is traded regularly ANSWER c