Answer the following statements true (T) or false (F)
1. The advent of charters granted by the British government allowed greater risk-taking in business ventures.
2. Business activities in the colonies prior to the American Revolution were quite weakly regulated.
3. Much of the inspiration for Adam Smith’s writings on capitalism came from his
reaction to the dominance of mercantilism.
4. Adam Smith believed that division of labor would make businesses more competitive, but that excessive division of labor could hurt both business and worker.
5. The advent of capitalism brought about the appearance of slavery as a profitable and widely used system of exploitation.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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Which of the following best describes a strategy map?
A. A strategy map is a one-page representation of a firm's strategic priorities and the cause-and-effect linkages among them. B. A strategy map is a visual representation of a firm's current and planned geographic operations and markets. C. A strategy map is a categorized list of a firms strategic objectives, critical success factors (CSFs), and key performance indicators (KPIs). D. A strategy map is a collection of all a firm's activity and structure model diagrams.
Measures of equivalent production are necessary in process costing because
a. job order costing procedures cannot be applied. b. unit costs are computed by departments or processes at fixed time intervals. c. perpetual inventories are not employed in process plants. d. production methods are more complex than in job order costing systems.
What was the discrimination issue that took place in the Texaco 1994 incident?
a. Age discrimination b. Sex discrimination c. Race discrimination d. Gender orientation discrimination
All tasks should be labeled as high priority.
Answer the following statement true (T) or false (F)