Which of the following statements states a core principle of capitalism?
A. The lot of the working class should be improved at the expense of the super-rich.
B. Individuals, innovation, and hard work should be of paramount importance.
C. The government should own and operate key enterprises that directly affect public welfare.
D. All enterprises in an economy should be publicly owned.
Answer: B
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Mitchell, a small business owner, wants to motivate his employees while also cutting down the high cost of office supplies. He believes that most correspondence, reports, and sales receipts can be e-mailed. Therefore, he has decided to share the benefits of cost savings with his staff as long as they play their part in helping to cut office supply use. Which type of performance-based pay is this scenario an example?
A. profit sharing plan B. piece rate C. employee stock ownership plan D. gainsharing plan
It is not necessary to provide an area on the performance report for a manager's reasons for variances
Indicate whether the statement is true or false
Which of the following is the best driver to maintain an adequate supply of insurance at affordable prices?
A) Regulations B) Excluding high-risk applicants C) Excluding low-risk applicants D) Competition among insurers
Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets$55,000? Property and Equipment, net 75,000? Current Liabilities 52,500? Noncurrent Liabilities 42,500? Stockholder's Equity 22,000? Sales Revenue 45,000? Net Income 24,300? What was the net profit margin?
A. 18.69% B. 54.00% C. 90.53% D. 44.00%