Selecting the wrong leadership style can result in all of the following EXCEPT:
a. resistance instead of commitment to an idea
b. wasted timed
c. unhappy or hostile employees
d. acceptable solutions
Answer: d. acceptable solutions
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A sole proprietorship is typically a relatively small business because
a. its operations must stay within state borders b. it is operated out of the proprietor's home c. there are no employees, only working family members d. there are no bank loans available for expansion e. expansion often requires a partner or conversion to another form of business organization
In 2009 Congress and President Obama approved tax cuts and increased government spending. According to the short-run Phillips curve these policies should have
a. raised unemployment and inflation. b. raised unemployment and reduced inflation. c. reduced unemployment and raised inflation. d. reduced unemployment and inflation.
Which of the following is an accurate statement about the effect of close substitutes?
a. Goods with many close substitutes will usually have elastic demands. b. Goods with many close substitutes will usually have inelastic demands. c. Goods with few close substitutes will usually have perfectly elastic demands. d. Goods with few close substitutes will usually have perfectly inelastic demands.
A profit-maximizing monopolist
A) is guaranteed to lose money because of a lack of competition. B) is not guaranteed to make a positive profit. C) is guaranteed to make a positive profit, hence the desire to be a monopolist. D) is guaranteed to make a non-negative profit, otherwise government would step in to assist.