The entrepreneurial ego can cause the entrepreneur to
a. have a sense of pessimism.
b. take characteristics that usually lead to success to the extreme.
c. ignore government regulations.
d. take too few risks.
ANSWER: b
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When using special journals, the sale of merchandise in exchange for cash would be recorded in the
a. cash receipts journal. b. sales journal. c. cash payments journal. d. accounts receivable ledger.
Psychogenic needs arise from the physiological states of tension such as hunger or discomfort
Indicate whether the statement is true or false
Which of the following is an important challenge facing managers today?
A. Solving business problems. B. Making business decision. C. Competing to win in today's market. D. All of these.
The phrase "piercing the corporate veil" refers to:
a. the technique of getting past the receptionist to see the purchasing manager of the corporation. b. the ignoring by courts of the corporate entity in order to do justice. c. inspecting the books of the corporation. d. learning the identity of the shareholders of the corporation.