Answer the following statements true (T) or false (F)
1. Final control of a nonprofit organization is held by the chief executive officer.
2. Excess revenues gained by a nonprofit are invested in stock markets.
3. The term “open systems” means organizations interact with their external environments.
4. The term “resource dependency” means nonprofits rely on external constituencies for revenue.
5. The term “organizational culture” in a nonprofit refers to unwritten rules regarding “how things are done.”
1. False
2. False
3. True
4. True
5. True
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Fox Scully received an e-mail promoting a new financial services institution that offers surprisingly low mortgage rates
The e-mail asked customers to provide their address, date of birth, Social Security number, and current mortgage information in order to receive a free loan quote. Suspicious of the offer, Fox researched the company and discovered that the e-mail was fraudulent. This is an example of ________. A) cold calling B) phishing C) crowdsourcing D) data mining E) viral marketing
Individuals who are motivated by a need for ______ tend to seek leadership roles, whereas people motivated by a need for ______ do not.
a. power; achievement b. affiliation; achievement c. power; affiliation d. achievement; power
Analysts deciding between investments must consider the comparative risks. Which of the following is/are not economy-wide factors that affect the risk of business firms?
a. increased inflation b. increased interest rates c. unemployment d. recessions e. increased competition
People buy products if they fulfill a problem-solving need
Indicate whether the statement is true or false