A flatter, team-based structure is usually most appropriate when firms rely primarily on
A. unskilled workers.
B. highly skilled workers.
C. mass production.
D. continuous production.
E. None of these are correct.
Answer: B
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Which of the following laws is most relevant to the marketing mix category of price?
A) the National Do Not Call Registry B) the Consumer Products Safety Commission Act C) the Nutrition Labeling and Education Act D) the Sherman Antitrust Act E) the Consumer Credit Protection Act
The three major taxes governments use to generate revenue are
A. income tax, property tax, and sales tax. B. VAT, income tax, and withholding tax. C. sales tax, VAT, and income tax. D. property tax, VAT, and sales tax.
Sally and Tom decide to go into business, selling discounted merchandise through their Web site "e-Buy." They sign a partnership agreement that requires Sally to contribute $12,000 and Tom to contribute $8,000 in capital to start the firm. The agreement
also states that only Sally will have the authority to bind the partnership in deals with third parties, but the agreement says nothing about the management of the firm or a division of profits. Without Sally's knowledge, Tom tells United Computer Products, Inc, that he represents the firm and signs a contract with United to buy hard drives for resale on e-Buy. In the first year, e-Buy makes a profit of $50,000 . What are the partners' rights with respect to the management of the firm? Is the partnership bound to the contract with United? Do the partners split the first year's profits? If so, how much is each entitled to?
A social audit is a
A. review of the costs of operating a social program. B. report of what a business has done and is doing about social issues. C. review of a tax statement by the Internal Revenue Service. D. review of management's social activity for the year. E. report filed by social sector accountants.