Occupational licensing requires permission from a regulating agency to operate certain businesses
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following statements is true regarding choosing offensive strategic market plans?
A) A business with a good cash position that is facing stagnant growth in maturing markets might pursue the market penetration strategy. B) A market-based business will often find that it has more resources to fund market opportunities than there are market opportunities. C) A business with a long-run need for better profit performance would be inclined to select the share penetration strategy. D) The selection of one offensive strategic market plan over another depends on the business's long-run profit needs. E) A business has to prioritize strategic market opportunities on the basis of its performance objectives.
Which of the following is an accurate overall label for the terms postulates and principles?
a. Constraints b. Concepts c. Axioms d. Conventions
Which of the following is not a component of the Caux Round Table Principles?
a. The responsibilities of business are beyond shareholders and are to all stakeholders b. Businesses need to support multilateral trade c. Businesses need to abolish all child labor d. Businesses must avoid illicit operations
Which of the following statements about economic decision-making is true?
A. Government planning usually works best when economies become more complex and the variety of goods and services produced is fairly large. B. The United States may be considered a pure market-directed economy. C. Command economies usually rely on market forces to determine prices. D. In a market-directed economy, the micro-level decisions of individual producers and consumers determine the macro-level decisions.