Which of the following would likely be a common argument held by both Milton Friedman and Adam Smith?
a. The government should not involve itself in contract law or enforcement.
b. The government should not try to regulate the way businesses choose employees.
c. The government should spend its money to create a strong national defense
d. Some public goods, such as roads, should be financed by the government.
b. The government should not try to regulate the way businesses choose employees.
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The development of Google News by Google employees experimenting with ways to facilitate browsing news from several sources is an example of
A. business intelligence. B. intrapreneurship. C. business invention. D. corporate design. E. entrepreneurship.
A company is planning to replace an old machine with a new one. Which of the following is a sunk cost?
A) cost of the new machine B) sales price of the old machine C) future maintenance costs of the old machine D) original cost of the old machine
Which of the following categories of features allows a product/service to be a clear leader in the
market? A) blockbuster B) technology C) parity D) premium
Which of the following is NOT a recommended format for writing a date in an international business document?
a. 2/10/08 b. 10.2.2008 c. 10 February 2008 d. All are recommended formats.