Answer the following statement(s) true (T) or false (F)

The most important area to examine prior to purchasing a business is company profitability.


ANSWER: True

Business

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The mission statement of General Electric is to be either #1 or #2 in each industry in which it does business. This mission statement represents a(n) ______ theme.

a. innovation b. product c. excellence d. social purpose

Business

Which of the following statements is TRUE?

A) Companies are price-takers when their products are unique. B) Companies are price-setters for a product when there is intense competition. C) Companies are price-takers for a product when the pricing approach emphasizes cost-plus pricing. D) Companies are price-takers when they have little or no control over the prices of their products or services.

Business

Which of the following are true about the spouses of expatriates?

A. Nearly two-thirds of expat spouses were working prior to their partner's assignment. B. Many experience stages of grief, similar to the loss of a loved one, due to career effects of the assignment. C. Nearly one-quarter of spouses were employed during the course of the expat assignment. D. They are able to legally work in the host nation, although their pay and benefits may face limits. E. About one-half of expats are accompanied by a spouse or partner.

Business

A partner is criminally liable for the crimes of her partners

a. True b. False Indicate whether the statement is true or false

Business