Firms should seek to continually develop new core competencies because all core competencies have limited life spans.

a. True

b. False

Dylan, a vice president of human resources, recommends adding self-appraisals to the company's performance management system. The other executives wonder why, since people would certainly want to inflate scores of their own performance.

Determining how many subordinates will report to each manager gives an organization its a. chain of command. b. span of management. c. degree of centralization. d. nature and degree of departmentalization. e. degree of specialization.

What is guaranteed by an implied warranty for all products?

A monopolist Select one: a. can raise its price without losing any sales because it is the only supplier in the market. b. can earn a greater than normal rate of return in the long run.

Which of the following is true of business locations? a. Proximity of competitors does not affect choice of business locations. b. Target market customers are essential factors for selecting business locations. c.

Agri Farm Ventures produces cases of food products. Each case contains an assortment of fruits, vegetables, and other fresh produce. Each case costs $5 and sells for $15.

Marcie started a consulting firm, she is using an office building she used to rent for $60,000/year as her office. She purchased computers and other equipment for $25,000 and spent $20,000 on marketing and advertising.

The value of social advertising lies in the large audience size your company has the potential to reach and the __ social ad platforms offer.

Which of the following is a common mistake made by consumers? Group of answer choices ignoring sunk costs being overly optimistic about their future behavior being overly pessimistic about their future behavior taking into account the implicit costs

What type of account is typically the most liquid