To protect its trade secrets, Gnu Processes, Inc., may require employees that have access to the secrets to agree in their employment contracts not to
A. compete with Gnu.
B. memorize the trade secrets.
C. quit working for Gnu.
D. think about the trade secrets after work.
Answer: A
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During August, Radio City sold 200 iPods for $50 each. Each iPod had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during August, the entry to record the Product Warranty Expense is
A) Product Warranty Expense 31Estimated Product Warranty Liability 31 B) Product Warranty Expense 155Cash 155 C) Product Warranty Expense 310Estimated Product Warranty Liability 310 D) Estimated Product Warranty Liability 620Product Warranty Expense 620
Answer the following statements true (T) or false (F)
1. Franchisees are not considered by some to be real entrepreneurs or intrapreneurs. 2. A new venture is a new business or a new line of business. 3. There has been a decrease in the number of colleges teaching students how to be entrepreneurial. 4. Approximately half of new businesses survive less than five years.
For which of the following areas is broad information applicable to many user groups?
a. Predictive ability b. Accountability c. Both a and b d. None of the above
The bullwhip effect ______.
A. results from information distortion B. is due to low elasticity of demand C. is due to low elasticity of supply D. results from too much information