List and briefly explain each of the phases in the creative process.
What will be an ideal response?
ANSWER: •Phase 1: Background or knowledge accumulation. This is the process of reading, conversations with others working in the field, and general absorption of information relative to the problem or issue under study.
•Phase 2: The incubation process. This involves the subconscious, which processes information gathered previously.
•Phase 3: The idea experience. This is when the idea being sought is discovered. Sometimes the idea comes while the individual is performing unrelated tasks.
•Phase 4: Evaluation and implementation. This phase requires courage, self-discipline, and perseverance. Ideas are often reworked to obtain a final form. Most importantly, the entrepreneur doesn’t give up.
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An example of a voluntary deduction is
a. Social Security; b. Federal Income Tax; c. Medicare; d. health insurance; e. none of these.
A ________ income statement lists cost of goods sold as another expense and shows only one subtotal for total expenses.
Fill in the blank(s) with the appropriate word(s).
Which of the following of Likert’s four systems of management relates to managers using rewards occasionally, but also punishment, information flow is mostly downward, and most decisions are made at the highest levels?
a. System 1 b. System 2 c. System 3 d. System 4
As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natalie's duties can be classified under the ________ category of a business process.
A. operations B. sales C. marketing D. outbound logistics E. inbound logistics