Answer the following statements true (T) or false (F)
1. Taking care of the customer applies equally well to nonprofit and for-profit businesses.
2. In business, innovation is defined as finding ways to deliver new or better goods or services.
3. Whereas a generation ago organizations rewarded employees for their efficiency, today the emphasis is on length of service.
4. Despite continued immigration, the proportion of racial or ethnic groups in the United States is expected to be stable well into the next century
1. TRUE
Nonprofit organizations are well advised to be responsive to their "customers," too, whether they're called citizens, members, students, patients, voters, rate-payers, or whatever, since they are the justification for the organizations' existence.
2. TRUE
Finding ways to deliver new or better goods or services is called innovation.
3. FALSE
A generation ago, organizations rewarded employees for their length of service. Today, however, the emphasis is on efficiency: Companies strive to produce goods or services as quickly as possible using as few employees (and raw materials) as possible.
4. FALSE
Today nearly one in six American workers is foreign-born, the highest proportion since the 1920s. But greater changes are yet to come. By mid-century, the mix of American racial or ethnic groups will change considerably, with the United States becoming half (54%) racial or ethnic minority.
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If you borrow $100,000 at an annual rate of 8.00% for a 10-year period and repay the interest of $8,000 at the end of each year prior to maturity and the final payment of $108,000 at the end of 10 years, then you have just repaid what type of loan?
A) Amortized loan B) Interest-only loan C) Discount loan D) Compound loan
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"Chicken of the Sea" is an example of a suggestive trademark
a. True b. False Indicate whether the statement is true or false