A ________ economy is one in which resources are primarily owned and controlled by the private sector.

A. free market
B. planned
C. command
D. technocratic


Answer: A

Business

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A taxpayer transfers assets and liabilities to a corporation in return for its stock. If the liabilities exceed the basis of the assets transferred, the taxpayer will have a negative basis in the stock.

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

Business

Researchers have distinguished between two broad uses of authority in influence-seeking. The first is authority based on one's personal expertise or credibility. What is the second?

What will be an ideal response?

Business

Your text notes that the networking benefits of LinkedIn are particularly beneficial for which group?

A. entertainment marketers B. small-business owners C. athletes D. photo enthusiasts E. journalists and bloggers

Business

Which of the following is a characteristic of a learning organization?

A. contingent workforce B. multiple structural and physical barriers C. empowered work teams D. several managerial roles to direct and control employees

Business