Which of the following are some types of business functions that a functional organization might require?
What will be an ideal response?
-Research and development.
-Human resources.
-Production.
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Former Whirlpool CEO David Whitwam described his own staffs' resistance in the early 1990s after he had approved the acquisition of Royal Philips Electronics' European home appliance division
Indicate whether the statement is true or false
Which of the following statements regarding gross profit is not true?
A. Gross profit must cover all operating expenses to yield a return for the owner(s) of the business. B. Gross profit is also called gross margin. C. Gross profit equals net sales less cost of goods sold. D. Gross profit less other operating expenses equals income from operations. E. Gross profit is not calculated on the multiple-step income statement.
Business risk refers to problems encountered by simply going into business
Indicate whether the statement is true or false.
Public relations materials include which of the following?
A. Logos B. Business cards C. Stationery D. Newsletters E. Signs