Answer the following statement(s) true (T) or false (F)
Entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do.
ANSWER: False
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Answer the following statements true (T) or false (F)
1. Normative conformity occurs when individual wants to be accepted by the group. 2. The use of positional sources of power is often more effective than the use of personal sources of power. 3. Power that is based on one’s liking or admiration for a person is known as legitimate power. 4. A minority in a group can never influence the group majority.
The Rowe Company has six different categories of inventory. Quantity, cost, and market value information for each inventory category is shown below: 
Required: a) Determine the value of ending inventory after applying the lower-of-cost-or-market rule to each individual category of inventory.b) Determine the value of ending inventory after applying the lower-of-cost-or-market rule to the entire stock of inventory in the aggregate.c) Prepare the journal entry, if required, to adjust inventory for part (a) above.d) Prepare the journal entry, if required, to adjust inventory for part (b) above.
What will be an ideal response?
Package design firms, market research companies, photographers, and printers are examples of
A. collateral service providers. B. sales promotion agencies. C. companies that assist in media buying. D. interactive agencies. E. creative boutiques.
Job flow time is defined as the:
A) time of completion of a job plus the time it was available in a work station. B) processing time to complete a particular job. C) time of completion of the last job of a group minus the starting time of the first job. D) amount of time by which a group of jobs missed their due dates.