Which of the following is NOT a level of management according to Henri Fayol?
a. planning
b. organization
c. commanding
d. all of the above are levels of management
Ans: d. all of the above are levels of management
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Which of the following is an example of capital?
A) A cell phone bought by an individual for her younger brother B) A tractor used by a farmer for plowing his field C) A used television set purchased by a family D) Alcoholic beverages served at a corporate event
Which of the following transactions is not included in GDP?
a. oranges sold to households by a grocer. b. orange juice sold by a restaurant to its diners. c. oranges sold by a farmer to a grocery store. d. All of the above are included in GDP.
Minimum differentiation among the political parties suggests that
a) the platforms of the parties will tend to have few, if any, new ideas b) the parties will offer few ideas on minimizing the size and scope of government c) the platforms of the parties will tend to become similar as they try to appeal to a majority of voters d) the platforms of the parties will tend to become dissimilar as they try to appeal to a loyal majority of voters
Some of the benefits of globalization include
a) decreased international trade. b) lower income per person. c) higher prices for goods. d) greater product variety.