What do the four basic rights under capitalism limit for a businessperson?
A) liability
B) incentive
C) tax burden
D) risk
E) rewards
Answer: D
Explanation: D) By limiting the risks of operating a business, the four rights help support the functioning of a market economy.
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A company must repay the bank a single payment of $21,000 cash in 3 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 3 years at 10% is 0.7513. The present value of an annuity factor for 3 years at 10% is 2.4869. The present value of the loan (rounded) is:
A. $21,000. B. $23,707. C. $8444. D. $52,225. E. $15,777.
Brands are assets that can be legally protected through trademarks.
Answer the following statement true (T) or false (F)
A(n) ________ is a graphical representation of the process underlying decisions.
A. PERT chart B. GANNT chart C. organizational chart D. flowchart E. decision tree
Which of the following is NOT a recruiting tool?
a. Employee referrals b. Temporary-help agencies c. Social networks d. Reductions in force