In a capitalistic economy, the operation of the ________ determines the types of goods and services produced, the prices charged, and the amount of income received
a. supply chain
b. free market
c. triple bottom line
d. shareholder
b
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A $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. Which of these statements is CORRECT?
A. The proportion of interest versus principal repayment would be the same for each of the 8 payments. B. The annual payments would be larger if the interest rate were lower. C. If the loan were amortized over 10 years rather than 8 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 8-year amortization plan. D. The proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower. E. The last payment would have a higher proportion of interest than the first payment.
A group challenge that is common in student project teams is ______.
A. groupthink B. social loafing C. consensus building D. goal agreement
The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the world flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that
A. match its core competencies. B. competitors have tried and failed to satisfy. C. are important to all generational cohorts. D. provide minimal core value. E. are easiest to satisfy.
Effective meetings are a valuable use of the participants' time. _________________________
Answer the following statement true (T) or false (F)