____________________ is Non-physical assets such as stocks, bonds, mortgages, lease agreements.
Fill in the blank(s) with the appropriate word(s).
Ans: Intangible Property
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A hickory rocking chair, handmade by an Amish woodcarver in Lancaster, Pennsylvania from locally grown wood, is an example of a ________
A) convenience product B) capital item C) specialty product D) service E) product attribute
Which of the following best represents loss of objectivity?
A. Internal department advantage C. External firm advantage B. Internal department disadvantage D. External firm disadvantage
Which error is the tendency to highlight certain aspects of a situation, either positive or negative, to solve a problem while ignoring other aspects?
a. Lack of participation b. Framing c. Uncertainty d. Randomness
Which of the following statements regarding incentive systems is FALSE?
A) Bonuses are often used at the executive levels. B) About half of all American manufacturing firms use productivity incentives. C) Profit-sharing systems provide some part of the profit for distribution to employees. D) The Scanlon plan is based on individual productivity. E) Increasing use of cross-training has led to increasing use of knowledge-based pay systems.