According to Jean Baptiste Say, the entrepreneur and owner were always one in the same
a. True
b. False
b. False, because they have different styles of leadership and thoughts on running their business. Further, Jean-Baptiste Say: "someone who takes resources from a lower level of productivity to a higher level of productivity. Regardless of what the resource is—a product, service, or experience—if it’s adding value to the marketplace, being used in a new way, and a business has been built around it, it’s entrepreneurship." Once again, it revolves around innovation and creating resources that are better than what people had before.
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Which of the following is usually the most expensive of all control procedures?
a. Documents and records b. Segregation of duties c. System of authorizations d. Independent checks
List some of the sources of primary industry data.
What will be an ideal response?
Boomerang employees, according to a study published in Personnel Psychology, are statistically more likely to leave a firm if they experienced a negative life event or if they
A. did not feel appreciated in their current job. B. received a better alternate job offer. C. were inadequately trained for their current position. D. had friends at the alternate company offering the job.
Muehlberger Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.??Fixed Element per MonthVariable Element per Customer Served?Revenue?$4,800?Employee salaries and wages$58,200$1,300?Travel expenses?$500?Other expenses$40,800?A total of 28 customers were actually served during April.Required:Prepare a flexible budget for the actual level of activity for April.
What will be an ideal response?