In the context of factors of production, which of the following statements is true of natural resources?
A. They are also referred to as man-made resources.
B. They do not require extraction, purification, or harnessing.
C. Cereal crops are an example of natural resources.
D. The value of all natural resources tends to rise with high demand.
Answer: D
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A customer returned damaged goods for credit. Which of the seller's accounts decreases?
a. Purchase Returns b. Accounts Receivable c. Sales Returns d. Sales Revenue
Which of the following modes of entry into a foreign market involves the maximum commitment and risk?
A) franchising B) direct investment C) joint ventures D) licensing E) direct exporting
The more people invited to attend a meeting, the more difficult it is to find a time convenient for everyone. You have sent out e-mails asking people for their preferred times, but this has generated an overwhelming amount of messages. As a result you have started scheduling meetings at the same time and place. According to the case above, what would you do if everyone was not able to attend the meeting time that you have suggested?
What will be an ideal response?
Sauces n' Syrups, Inc, and Thad's Sweet & Spicy Bottling Planthave a manufacturing franchise arrange¬ment. This involves the transfer of
a. a license. b. a trade name. c. the formula to make a certain product. d. the ownership of the business.