Match each entrepreneur below with the form of business combination with which he is historically identified.
A. Andrew Carnegie 1. interlocking directorate
B. John D. Rockefeller 2. horizontal integration
C. J. Pierpont Morgan 3. vertical integration
a. A-2, B-3, C-1
b. A-1, B-2, C-3
c. A-2, B-1, C-3
d. A-3, B-2, C-1
e. A-1, B-3, C-2
D. A-3, B-2, C-1
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?Describe the first twostages of career development,and briefly describe what stagesthree through five have in common.
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A business's cash receipts and cash payments for a specific period are reported on a(n) ________
A) income statement B) balance sheet C) statement of cash flows D) cash reconciliation statement
A salesperson on ________ earns the same amount regardless of how he or she spends time.
A. a bonus plan B. a straight salary C. commission pay D. a combination plan E. an incentive plan
Jennifer substantially performs her service contract with Gretchen. Due to Jennifer's failure to render complete performance, Gretchen A)is discharged from any further contractual obligations
B)is required to pay the full contract price, minus the value of Jennifer's defective performance. C)is required to pay the full contract price. D)may declare a material breach and pay only for the value received.