The stage in which the economy hits a peak is called:
A. expansion.
B. contraction.
C. stagnation.
D. recession.
E. depression.
Answer: A
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Describe referent power and give an example.
What will be an ideal response?
By contract, Quality Metals Corporation forbids Resource Refining, Inc., a wholesale buyer of Quality's products, from purchasing the products of Quality's competitors. This exclusive-dealing contract is allowed
A. under any circumstances. B. unless its effect is to cause a competitor a loss of any business. C. unless its effect is to substantially lessen competition. D. unless there is no effect on a competitor.
Which of the following best describes an entrepreneur?
A. a person who forms and operates a business B. a person who invests in an existing business C. a person who lends capital to a new business D. a person who derives a profit from a new or an existing business
If A and B are independent events with P(A) = 0.20 and P(B) = 0.60, then P(A|B) is:
a. 0.20 b. 0.60 c. 0.40 d. 0.80