QUESTION People follow leaders because they tend to exhibit qualities that draw others to trust and follow them. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Successful entrepreneurs are willing to accept any challenge, regardless of the risk involved. Indicate whether the statement is true or false ANSWER FALSE
QUESTION A portion of a company’s earnings paid to an owner of stock is called a(n) _______. a. bond b. dividend c. interest d. credit line ANSWER b
QUESTION The mix of investments in a portfolio is called portfolio ________. a. liquidity b. risk c. dividend d. diversification ANSWER d
QUESTION An inspirational leader can safely ignore the company’s vision and mission. Indicate whether the statement is true or false ANSWER FALSE
QUESTION A leader who inspires and stimulates positive change in his or her followers is sometimes referred to as a transformational leader. Indicate whether the statement is true or false ANSWER TRUE
QUESTION When the cost of producing a particular item increases, producers will make less of that item. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Mutual funds are organizations that do all of the following EXCEPT ________. a. issue bonds to investors b. collect investors’ money c. pool investors’ money d. buy a variety of stocks and bonds ANSWER a
QUESTION Scarcity and shortage are interchangeable economic terms. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Part of being an introspective leader is also understanding all the various leadership styles and knowing how to select the most effective one for a given situation. Indicate whether the statement is true or false ANSWER TRUE