The products available in a monopolistically competitive market are similar in nature and are intended to satisfy the same need.

Answer the following statement true (T) or false (F)


True

Business

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Which of the following refers to using collective intelligence to solve specific problems or solicit ideas—often as part of a competition or for a reward?

A) onboarding B) crowdsourcing C) benchmarking D) mass collaboration E) outsourcing

Business

A petty cash fund is an example of an imprest system

Indicate whether the statement is true or false

Business

Advantages of using credit include the ability to make purchases without cash and the convenience of not carrying checks

Indicate whether the statement is true or false.

Business

Unlike in the United States, in Europe patents for surgery methods:

a. expire in 10 years b. are very common c. can be obtained only after a 5 year waiting period d. cost more than other types of patents e. none of the other choices are correct

Business