QUESTION Scarcity and shortage are interchangeable economic terms. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
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
Date: September 3rd, 2020
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
Date: September 3rd, 2020
QUESTION An example of perfect competition is the automobile industry. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
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
Date: September 3rd, 2020
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
Date: September 3rd, 2020
QUESTION Competition plays a large part in both capitalistic and mixed market economies. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Effective followers do not necessarily need a strong leader to get the job done. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A kind of loan that is generally given only to trusted customers or to companies perceived to be extremely financially stable is called a(n) ________. a. unsecured loan b. secured loan c. factoring arrangement d. credit card balance ANSWER a
Date: September 3rd, 2020
