What is the MOST effective way for an entrepreneur to become a competent manager?
A) Working alone
B) Relying on luck
C) Getting a college degree
D) Being open to opportunities
E) Working for a successful company first
Answer: E
Explanation: E) Few successful business owners succeed alone or straight out of college. Most spend time in successful companies or partner with others to bring expertise to a new business.
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Which factor has been associated with the decline in union membership?
A. high regulation in such areas as workplace safety and equal employment opportunity B. low competition between companies for scarce human resources C. low costs of unionized labor D. low prospects for growth in the service industry E. high job growth in the manufacturing sector of the economy
According to the Sarbanes-Oxley Act of 2002, only external auditors can provide bookkeeping services for the clients they audit
a. True b. False Indicate whether the statement is true or false
The Employment Retirement Income Security Act (ERISA) requires employers to establish pension plans and to meet specific benefit levels.
Answer the following statement true (T) or false (F)
A merchandising business
a. provides services rather than products to customers. b. changes basic inputs into products that are sold to individual customers. c. All of these choices. d. sells a finished product that was purchased in that same form.