Entrepreneurial ability is defined as the ability to ______.
a. invent economic goods that will change society
b. inspire others to reach their professional potential
c. negotiate the lowest prices for scarce resources
d. develop new products or production processes
d. develop new products or production processes
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The accounting system requires that the current account and the financial account sum to ________
A) 0 B) 1 C) 100 D) 10
The personal income tax excludes the imputed rent from owner-occupied housing from taxation.
A. True B. False C. Uncertain
The IRS receives approximately
a. 80 percent of the taxes owed b. 50 percent of the taxes owed c. 40 percent of the taxes owed d. 20 percent of the taxes owed e. 10 percent of the taxes owed
Consider the following payoff matrix facing Harry and Sally when each chooses to go to the coffee shop listed. Harry wants to avoid Sally at the coffee shop and is not happy when Sally ends up in the same shop he chooses. Sally would like to see Harry, and so she is not happy when Harry ends up in a different coffee shop. Harry StarbucksDunkin DonutsSally StarbucksH: ?1, S: 1H: 1, S: ?1 Dunkin DonutsH: 1, S: ?1H: ?1, S: 1Assuming that Sally and Harry go to the coffee shop each day, what is Harry's best strategy?
A. Go to Starbucks one day and Dunkin' Donuts the next and maintain that pattern. B. Go to Starbucks because Sally won't go there. C. Go to Dunkin' Donuts because Sally won't go there. D. Randomly choose between going to Starbucks and going to Dunkin' Donuts.