Tom, Susie, and Bill are tired of working for a large company. They want to start their own business. After meeting many times, Tom, Susie, and Bill are now committed to their product idea, but they now need to meet to discuss if they will sell their product in physical stores, online, or both. This meeting is an example of what stage in the innovation process?
A. idea generation
B. implementation and diffusion
C. selective refinement
D. problem-solving
B. implementation and diffusion
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Four essential elements are necessary to create a valid contract. Which of the following is not one of these elements?
a. Something of value must be given by each party. b. The offeror and offeree must reach agreement. c. The parties have the capacity to contract. d. The agreement must be in writing.
Which of the following performance pay options reward employees with a portion of their company's financial gains above and beyond predetermined goals?
A. Stock options B. Pay-for-knowledge plans C. Commissions D. Profit-sharing plans
Shares of capital stock issued to and held by shareholders as of a specific date are AuthorizedIssuedOutstanding Capital StockCapital StockCapital StockI.YesYesNoII.YesYesYesIII.NoNoYesIV.NoNoNo?
A. I B. II C. III D. IV
Torts are civil wrongs that arise from contracts
a. true b. false