Because of the adverse selection problem, lenders may refuse loans to individuals with low net worth
Indicate whether the statement is true or false
TRUE
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Anne runs a small bakery on the main street of a resort town. Though hers was the only bakery around, the business had been suffering during the economic slowdown, and she was contemplating whether she should attempt strategic planning. Anne should be aware of what research finding regarding strategic planning?
A. Only large firms show performance gains from strategic planning. B. Only small firms show performance gains from strategic planning. C. Performance gains from strategic planning are equal among small and large firms. D. Both small and large firms benefit from strategic planning, but small firms get a larger boost in performance. E. Both small and large firms benefit from strategic planning, but the small improvement in performance may not be worth the effort for small firms.
The Eastern Division of Kentucky Company has a rate of return on investment of 28% and a profit margin of 20%. What is the investment turnover?
A) 3.6 B) 1.4 C) 5.0 D) .7
According to the Fair Labor Standards Act, children under the age of 14 are forbidden from working, including as newspaper deliverers
Indicate whether the statement is true or false
Advantages of the functional structure include each of the following except
A) functional team members work in groups according to their functional specialties. B) authority and responsibility are well established. C) career advancement for functional team members within the functional area is possible when they show improved morale and productivity. D) duplication of effort is avoided due to the coordinated mechanisms in place.