Opportunity recognition is defined as ______.

a. recognition that ideas are not only new and potentially useful, but have the potential to generate economic value
b. production of ideas for something new
c. production of ideas for something that is also potentially useful
d. the results of brainstorming with friends and family


a. recognition that ideas are not only new and potentially useful, but have the potential

Business

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Which of the following special cases does NOT require reformulation of the problem in order to obtain a solution?

a. alternative optimality b. infeasibility c. unboundedness d. Each case requires a reformulation.

Business

Service facilities have a greater range of resource utilization than manufacturing

Indicate whether the statement is true or false

Business

MacKenzie Company sold $300 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 1.5% service charge for sales on its credit cards and credits MacKenzie's account immediately when sales are made. The journal entry to record this sale transaction would be:

A) Debit Cash of $300 and credit Sales $300. B) Debit Cash of $300 and credit Accounts Receivable $300. C) Debit Accounts Receivable $300 and credit Sales $300. D) Debit Cash $295.50; debit Credit Card Expense $4.50 and credit Sales $300. E) Debit Cash $295.50 and credit Sales $295.50.

Business

Which of the following combinations creates a desirable instrumentality condition?

A. High level of performance, moderate level of economic reward B. High level of performance, low level of economic reward C. Low level of performance, low level of economic reward D. Low level of performance, high level of economic reward

Business