When the state owns all major productive resources and the country has very few opportunities for entrepreneurship, the country is characterized by which of the following economic systems?
A) anarchism
B) communism
C) capitalism
D) socialism
E) mixed
Answer: B
Explanation: In communism, the state owns all the major productive resources. Economic classes are absent and there are few opportunities for entrepreneurship.
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If we are primarily collectivistic in the way we think and behave, we have a(n) ______ orientation.
A. idiocentric B. other-oriented C. allocentric D. self-imposed
Which of the following statements about psychographics is most accurate?
A. Psychographics combines psychology, lifestyle, and demographics to uncover consumer motivations for buying and using offerings. B. Although helpful in segmenting markets, psychographics is limited in its ability to target consumers. C. Psychographic data is extremely vulnerable to current social trends and therefore is best suited to new market-product combinations rather than existing ones. D. Psychographics combines demographic data, psychological data, and actual spending data of consumers to create VALS profiles. E. Psychographics is unable to provide actionable information about potential customers since the data obtained from the research is too subjective to be reliably interpreted and acted upon.
In a ratio comparing an income statement number with a balance sheet number, the external analyst:
a. will be able to arrive at a good ratio by totaling two balance sheet numbers. b. will usually divide the income statement number by the beginning balance sheet number. c. will probably not capture changes that occur unevenly throughout the year. d. will usually divide the income statement number by the sum of the beginning and ending balance sheet numbers.
According to attribution theory, it is the event itself, not the perceived cause of the event, that influences a person's behavior.
Answer the following statement true (T) or false (F)