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
Date: September 3rd, 2020
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
Date: September 3rd, 2020
QUESTION Businesses influential enough to affect the price of an item are price takers. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Innovation is change that customers reward with their purchasing power. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The three types of innovation are incremental, disruptive, and exponential. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
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
Date: September 3rd, 2020
QUESTION Like anything that grows and develops, the formation of a team occurs all at once. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Monopolistic competition is what happens in a monopoly. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A company should develop a new set of skills and strategies in each stage of the life cycle to remain competitive. 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
