Which of the following statements is false?
a. Entrepreneurs want the authority to make important decisions.
b. Management skills are not important characteristics for entrepreneurs to possess.
c. Successful entrepreneurs strive to build a successful team around them.
d. An entrepreneur can develop the vision of the company over time.
ANSWER: b
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Identify the statement that challenges the criticism that global economic integration threatens deeply held noneconomic values.
A. The World Trade Organization, World Bank, and International Monetary Fund are themselves undemocratic bureaucracies that threaten the political values and self-determination in poor countries. B. The policies of the Golden Straitjacket are simply rational requirements for a nation that chooses prosperity over poverty. Financial and economic norms are analogous to scientific laws discovered by social scientists. C. Private multinational corporations are replacing legitimate governments as the true international decision makers. D. Global market capitalism fueled by multinational corporations seeks to expand worldwide markets for their products and creates a cultural homogenization that threatens local cultures and traditions.
The positive psychology perspective on teams focuses upon:
a. Task performance b. Team intelligence c. The multiple ways for the team to successfully operate d. Team member well-being
Flagstaff Company has budgeted July production of 7,900 units. Variable factory overhead is $1.20 per unit. Budgeted fixed factory overhead is $19,000, which includes $3,000 of factory equipment depreciation. Compute the total budgeted overhead for July.
A. $9,480. B. $23,900. C. $25,480. D. $28,480. E. $19,000.
Francis opened a store. She knows that customers who come to the store may be injured on the premises and hold her responsible for their injuries. Under common law, business customers in the store Francis opened are considered
A) aliens. B) licensees. C) trespassers. D) invitees.