The _____ is a government body that has the power to prescribe mandatory safety standards for almost all products used by customers
a. Health and Welfare Agency
b. Consumer Product Safety Commission
c. Environmental Safety Administration
d. Product Quality Commission
ANSWER: b
The Consumer Product Safety Commission has the power to set mandatory safety standards for almost all products consumers use (about 15,000 items) and can fine offending firms up to $500,000 and sentence their officers to up to a year in prison.
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Which of the following is true of scale economies?
A. Scale economies are cost advantages due to a retailer's size. B. Scale economies are volume advantages due to a retailer's cost. C. Scale economies are size advantages due to a retailer's volume. D. Scale economies are volume advantages due to a retailer's size. E. Scale economies are size advantages due to a retailer's cost.
The purposes of a defensive strategy do not include
A. decreasing the risk of being attacked. B. helping protect a competitive advantage. C. weakening the impact of any attack that occurs. D. pressuring challengers to aim their efforts at other rivals. E. increasing the risk of having to defend an attack.
A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. $80,000 B. $300,000 C. $190,000 D. $155,000 E. $75,000
Give one shortcoming of the research findings on leadership and gender presented in the textbook.
What will be an ideal response?