Which of the following statements regarding corporations is incorrect?

A) Corporations dominate business activity in the United States.
B) Corporations are businesses organized under state law and do not have an existence that is separate from their owners.
C) Most well-known corporations tend to be large multinational businesses.
D) Corporations are separate legal entities.


B) Corporations are businesses organized under state law and do not have an existence that is separate from their owners.

Business

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If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

A) buying different currencies before major fluctuations take place. B) conducting transactions in different currencies of the world. C) shifting production among different sites. D) cutting down production and waiting until the currency rate is reasonable. E) reducing production and labor force simultaneously.

Business

It is said that goods, services, and ideas are marketed. Define goods, services, and ideas and give at least one example of each.

What will be an ideal response?

Business

The primary advantage of laboratory experiments is that they allow the researcher to control the effects of extraneous variables

Indicate whether the statement is true or false

Business

At ?= .1, test to see if the population variances from which the following samples were drawn are equal. 

What will be an ideal response?

Business