All of the following are characteristics of communist countries such as Cuba except
A. intensive production of goods the government needs.
B. all workers contribute to society according to their ability.
C. frequent shortages of consumer goods.
D. government ownership of almost all economic resources.
E. an adequate supply of consumer goods.
Answer: E
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Joint cost allocation is useful for
a. decision making. b. product costing. c. control. d. evaluating managers' performance.
Which of the following terms refers to the desire on the part of an employee to remain a member of the organization?
A. organizational efficacy B. organizational effectiveness C. organizational control D. organizational commitment E. organizational efficiency
What type of property is property that belongs solely to one spouse?
a. Separate property b. Community property c. Quasi-community property d. All of the above
Which of the following statements about entrepreneurs is false?
a. They burn with the competitive desire to excel. b. They see the cup half full rather than half empty. c. They do not use failure as a tool for learning. d. They are achievers.