Identify a true statement about pure market economies.
A. They do not allow people the freedom to choose their source of livelihood.
B. They do not make sufficient provision for the old, the young, and the sick.
C. They create enough value to support the environment.
D. They stifle entrepreneurship and creative innovation.
Answer: B
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The leader is at the core of group change and activity, representing the backbone of the group or organization. Leadership is viewed as ______.
A. focus of group processes B. personality perspective C. leadership as an act D. leadership as a behavior
Dividends in arrears on cumulative preferred stock are not paid until after dividends are paid on common stock
Indicate whether the statement is true or false
In a proposal to increase the production of clock radios, the sales managers of Rinaldo Electronics reported the total additional cost required to meet the increased production level. The increase in total cost is known as the
a. opportunity cost. b. out-of-pocket cost. c. controllable cost. d. incremental cost.
Which of the following costs is most likely to remain fixed within a relevant range?
A) Indirect labor B) Property taxes C) Operating supplies D) Direct labor