Answer the following statement(s) true (T) or false (F)
1. A federal system of government allows a wider diversity of preferences for government-provided services to be accommodated when compared to nonfederal, centralized government.
2. Income redistribution is a service likely to be most effectively administered by the federal government.
3. Economic stabilization can be easily supplied to citizens by local governments.
4. When each local government supplies goods and services to its citizens, the political equilibrium in each jurisdiction corresponds to the median most-preferred outcome of all national voters.
5. A federal system of government allows both centralized and decentralized collective choice.
1. True
2. True
3. False
4. False
5. True
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The primary reason people choose to become entrepreneurs is to:
A. avoid difficult challenges. B. avoid uncertainty. C. earn more money. D. develop evolutionary business models.
As a communication channel, _____ has the highest level of channel richness and is used when the message to be communicated is personal, emotional, or high-priority.
A. voice mail B. a face-to-face meeting C. a text message D. a memo
Which of the following statements is true of Internet2?
A. It is a new generation of Internet technology that is not based on fiber-optic cable. B. Itutilizes technologies that give it a speed and capacity far exceeding the current Internet. C. It has taken a backseat due to the discovery of broadband connections. D. Access to Internet2 is granted to the general public for free.
Brews and ‘Cue is a bar with a country and western atmosphere. In addition to the bar, Brews and ‘Cue sells barbecue meats, sandwiches, and meals. Woody, the owner of the business, has recently implemented temporary price reductions through clearance sales, discounts, and nightly drink specials. What is Woody most likely trying to do?
A. Raise cash quickly B. Decrease costs C. Increase profitability D. Run off the competition E. Create a value image