Risk is associated with reward. Business people take a risk that their business might fail in order to get a reward, which is

Which of the following is NOT true about knowledge workers?

Which of the following is NOT true about society’s demand curve?

In a publicly traded, for profit business corporation, the owners are the

Which of the following is NOT one of the trends in e-commerce today?

Which of the following is NOT one of the benefits of free trade among nations?

Who or what benefits most from barriers to trade, also called protection?

Japan limits the amount of foreign-grown rice that can be sold in that country by imposing a very high import tax. This protects high-cost domestic rice producers because it forces rice importers to raise prices, making imported rice less competitive against rice grown in Japan. This type of trade barrier is called

Globalization is

Jeffrey Wigand was a research scientist employed by Brown & Williamson, a tobacco firm, until he was fired following his public statements about the dangers of cigarettes. Wigand was acting as a

Elsa, Steve, and Adrienne formed a partnership to own and operate a wine shop. Elsa manages the shop and Steve travels the world buying wine. Adrienne contributed some start-up capital but does not help to run the business. Therefore, it is likely that

Economies of scale occur when

Which of the following is NOT a characteristic common to most entrepreneurs

Which of the following statements sounds most like an entrepreneur?

Which of the following is NOT one of the four basic functions of management

An organization chart represents the

Looking at their employer’s organization chart, Lisa’s name appears in a box that is directly underneath Nellie’s box and a line connects the two boxes. This means that

When managers delegate the __________ for achieving some result to a subordinate, it is very important that they also delegate the __________, to ensure that the subordinates have the power to accomplish the result.

Which of the following is NOT one of the trends having a significant impact on human resources management in the U.S. today?

Job analysis consists of

Of all of the resources commanded by a corporation, which is most likely to lead to a long-term competitive advantage?

Willie says, “I love volunteering at Big Brothers. It’s great to see the happiness on a boy’s face when I take him to a ball game or read a book with him.” Willie’s motivation is

Gordon, a salesperson, says, “My work requires long hours and lots of travel that I don’t like, but the pay is great.” Gordon’s motivation is

Which of the following is NOT part of the marketing mix?

Which of the following is the psychological factor that involves the awareness of cues or stimuli?

Which of the following is considered to be the most important reference group?

Information about which of the following aspect of competitors’ operations is considered to be the least important?

Which of the following is NOT relevant for formulating objectives?

Which of the following is NOT recommended for a brand name?

What percentage of new products fail?

Which of the following is NOT a post presentation activity that salespeople need to perform?

Which of the following is NOT indicated in the text as a recommendation as to how to successfully close.

Which of the following is NOT identified in the text as a part of a code of ethics for salespeople?

Accounting is

Theodore Roosevelt, speaking about the importance of ethics education, said, “To educate the person in mind and not in __________ is to educate a menace to society."