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
QUESTION A major advantage of investing in mutual funds is that ________. a. the judgment of the fund managers may be wrong b. you pay fees to the money managers c. the fund managers do the hard work of research and diversification d. the fund managers ignore diversification ANSWER c
QUESTION An example of perfect competition is the automobile industry. Indicate whether the statement is true or false ANSWER FALSE
QUESTION A major disadvantage of investing in mutual funds is that ________. a. the judgment of the fund managers may be wrong b. the fund managers do the hard work of research and diversification c. if one investment fails, the losses should be balanced by gains among other investments d. there are no fees to […]
QUESTION One of the best ways to become a leader is to build a mentor-apprentice relationship. Indicate whether the statement is true or false ANSWER TRUE
QUESTION In a monopoly, there is only one provider for a product or service and there are no substitutes. Indicate whether the statement is true or false ANSWER TRUE
QUESTION The only people in an organization who need to be motivated and inspired by a vision statement are the top managers. Indicate whether the statement is true or false ANSWER FALSE
QUESTION A ________ market happens when the stock market rises for an extended period of time. a. cow b. bear c. bird d. bull ANSWER d
QUESTION The beginnings of monopolies can be traced back to the Great Depression. Indicate whether the statement is true or false ANSWER FALSE
QUESTION As the price of a product rises, the quantity of the product supplied falls. Indicate whether the statement is true or false ANSWER FALSE