According to contrarians, the big decline in the stock market during the Great Recession was
A. proof that the future of capitalism should rely more on small, unincorporated businesses rather than big corporations.
B. proof that the stock market was not as sound an investment as most people thought.
C. a great opportunity to invest in stocks.
D. a sign that more government regulation was needed to prevent big losses.
Answer: C
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The ________ environment includes the actors involved in producing, distributing, and promoting an offering. The main actors are the company, suppliers, distributors, dealers, and the target customers
A) economic B) management C) strategic D) task E) tactical
Which of the following is a disadvantage of a partnership when compared to a corporation?
A) The partnership is more likely to have a net loss. B) The partnership is easier to organize. C) The partnership is less expensive to organize. D) The partnership has limited life.
What are common ways that larger, more complex companies are organized?
a. Larger companies tend to be organized purely by function b. Every product and category is integrated into each department to ensure integration c. Departments may be organized by product or geographic area, and there may be people who specialize, bringing together all parts of the organization d. They consolidate all locations to manage all aspects of the company more closely from one entity
Which of the following statements is true of breach of warranty actions?
A) Most courts do not require that the purchaser provide the manufacturer a notice within a reasonable time of becoming aware of the breach of warranty if the two parties have not dealt with each other. B) According to the Uniform Commercial Code, the cause of action arises the day the product malfunctions. C) Most courts allow a manufacturer to relieve itself of liability for breach of warranty by using disclaimers even if the disclaimers are not stated on an integral part of the product or package. D) The Uniform Commercial Code contains a provision stating that disclaimers on products cannot be considered as unconscionable.