QUESTION An organization with a flat structure has many layers of management. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION What is the invisible hand? What will be an ideal response? ANSWER Adam Smith used the term to describe the natural force that guides a competitive marketplace. He believed that an individual, acting out of self interest when exchanging goods and services, actually benefits society. Buyers and sellers decide how much product they […]
Date: September 3rd, 2020
QUESTION What are some common items that appear on the “To Do” lists of successful entrepreneurs? What will be an ideal response? ANSWER Successful entrepreneurs act in certain ways. To act like an entrepreneur, take on responsibility, cope with risk, stay optimistic, set goals and stick to them, solve problems and learn from them, […]
Date: September 3rd, 2020
QUESTION Quality control benefits companies by ensuring their products meet or exceed customer expectation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION ______________ development is the operation of a business following practices that will ensure that vital resources will be available for future generations. Fill in the blank(s) with correct word ANSWER Sustainable
Date: September 3rd, 2020
QUESTION The grapevine is part of an organization’s formal communication network. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A PERT chart lays out each task that must be completed during the course of production, along with the time that each task should take. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The sixth decision making step is ________. a. rank the alternatives b. isolate the facts c. identify the goal(s) to be achieved and the decision to be made d. debrief, measure, and evaluate ANSWER d
Date: September 3rd, 2020
QUESTION If a company has chosen psychological goals as their marketing communication goal the company wants customers to ________ their product or brand. a. think or associate something with b. feel or have an emotional reaction to c. act in a particular way to d. trust and relate to ANSWER a
Date: September 3rd, 2020
QUESTION Why should entrepreneurs consider giving back to the community? What will be an ideal response? ANSWER Entrepreneurs who give back to the community can expect the community to give back to them. The text cites the example of Mike Ilitch who founded Little Caesars Pizza. When his business started to thrive, he revitalized […]
Date: September 3rd, 2020
