According to the text, what is the typical length of a business plan?
a. less than 5 pages
b. 5 to 10 pages
c. 20 to 40 pages
d. over 40 pages
c. 20 to 40 pages
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Why is the residual value of equipment relevant when considering the replacement of equipment?
The simplest way to enter a foreign market is through ________
A) joint venturing B) direct investment C) exporting D) joint ownership E) contract manufacturing
If output increases by 50% and is still within the relevant range
A) total fixed costs will increase by 50% B) per-unit fixed cost will remain the same C) total variable costs will increase by 50% D) net income will increase by 50%
According to Maslow's hierarchy of needs, people generally satisfy lower level needs before they move on to higher level needs
Indicate whether the statement is true or false