Business risk is the risk associated with the amount of debt financing used by a firm
Indicate whether the statement is true or false.
Answer: FALSE
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Which of the following is more concerned with how a particular product category is selling rather than a particular brand?
A) manufacturer B) salesperson C) retailer D) jobber
How are small businesses different from large businesses with respect to ethics violations?
a. The difficulties of managing morally questionable employees are somewhat smaller with small businesses. b. They are less susceptible to bullying issues with large clients. c. They are likely to have more respectful and less contentious relationships with clients and customers. d. They are likely to have fewer well-educated employees who are less committed to the organization.
The legal right and responsibility to represent all bargaining unit members equally whether they join the union or not is referred to as
A. union check-off. B. exclusive representation. C. union certification. D. elective representation.
Which of the following is a drawback of the Laplace criterion?
a. It ignores the payoffs associated with the “high demand” state of nature. b. It ignores the payoffs associated with the “low demand” state of nature. c. It is not a good method to use when the states of nature are not equally probable. d. It ignores the maximum payoff that could be realized if the decision maker were a risk taker and the probabilities associated with the possible state of nature.