A(n) ______ innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
A. procedural
B. process
C. product
D. transformational
E. adaptive
B. process
A process innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
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Which of the following statements is true of the arbitration of disputes?
A) It includes a judicial review. B) It can come about through treaties. C) It can be regulated though the provision of a choice-of-forum clause. D) It is considered to be more public than litigation.
Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?
A. autonomy B. risk taking C. innovativeness D. competitive aggressiveness
Which condition would result in invalidating an application of break-even analysis?
A) The variable cost to produce a unit is less than one percent of the fixed cost to run the plant. B) The purchasing department both offers quantity discounts to customers and receives quantity discounts from suppliers. C) The variable cost to produce a unit is within one percent of the sale price. D) The labor to manufacture the item is free.
A(n) ________ is illegal unless it is specifically authorized by state statute
a. unconscionable contract b. gambling contract c. adhesion contracts d. bailment