Intentional misrepresentation is also known as fraud
a. True
b. False
Indicate whether the statement is true or false
True
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A model that incorporates time and uncertainty in which prices, wages, and interest rates adjust to bring all markets to equilibrium and which allows economic agents to make decisions in their own interest is known as?
A. ?A dynamic, stochastic, general-equilibrium model B. ?A structural macroeconomic model C. ?A business-cycle model D. A statistical model
CellTones, a new company selling several types of cellular phones, has closely modeled its products after successful products that are already in the marketplace
As it prepares to enter the market with its new products and services, which of the following should concern CellTones the most? A) legal obligations to suppliers and dealers B) patent laws C) distribution requirements D) product liability suits E) limited warranties
Even in the most difficult situations, we:
a. are constrained completely by the environment b. lead ourselves by choices we make c. have no influence on our world d. can’t influence our own behaviors
Match each term with the correct statement below.
a. franchise b. entrepreneur c. intrapreneur d. outsourcing e. small business f. SBA g. SBIC h. succession 1. What is it called when a small business owner passes on the business to the children? 2. A privately owned company that furnishes loans to small firms is called this. 3. What is a business that is independently owned and operated and not dominant in its field known as? 4. What is the name for a corporate entrepreneur? 5. What is the organization that often guarantees loans that are made to small businesses?