Michael is a middle-aged professional who lost his job five months ago when his former employer downsized. He has actively been looking for work ever since but has not been able to find a job that utilizes his abilities or offers an income similar to his previous position. He is beginning to realize that the only way for him to survive his current situation is to start his own business. In this scenario, Michael will most likely become a(n) _____.
A. venture capitalist
B. angel investor
C. necessity entrepreneur
D. baby boomer worker
Answer: C
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Which of the following statements is true regarding decentralization?
A. Decentralization increases the complexity of problems. B. Decentralization limits fast responses to business changes. C. Managers in a decentralized organization have less knowledge about local business advantages. D. Decentralization allows managers to receive on-the-job training in decision-making.
The consumer demand for convenience and time-saving devices is the result of which consumer buyer behavior trend?
A) age complexity B) cocooning C) active, busy lifestyles D) pleasure pursuits
Most annual reports now include a report of management to the stockholders. In this report, which group has the primary responsibility for the preparation and integrity of the financial statements?
a. Management b. The company's CPAs c. The company's internal audit staff d. The audit committee of the company's board of directors
According to the text, which of the following is NOT one of the commonly used itemized rating scales?
A) Likert scale B) semantic differential C) Stapel scale D) random scale E) balanced rating scale