Patrick Thompson

question digital Darwinism answer implies that organizations that cannot adapt to the new demands placed on them for surviving in the information age are doomed to extinction. question disruptive technologies answer is a new way of doing things that initially does not meet the needs of existing customers. Disruptive technologies tend to open new markets […]

question __________ training is that which pertains to a particular business or occupation. answer C. Vocational question Microcredit loans typically are used to __________. answer B. start a small business out of one’s home question To obtain a microcredit loan, a person typically must __________. answer B. provide collateral and sign paperwork question Women make […]

question By the 1870s, the United States led the world in agricultural production. answer True question Andrew Carnegie consolidated the steel industry into U.S. Steel. answer False question John D. Rockefeller gave away over $500 million to charities in his lifetime. answer True question Among Edison’s inventions were the typewriter and the telephone. answer False […]

question business cycle answer The predictable long-term pattern changes in the national economy question Four stages of the business cycle answer Expansion, Prosperity, contraction, and recession question Peak answer Periods of high prosperity. question Contraction answer A decline in economic activity that can lead to recession question Recession answer two consecutive quarters of declining output, […]

question 1. greater financial success 2. independence 3. flexibility 4. challenge 5. survival answer most common reasons for starting own ventures (entrepreneurship) question enterpreneurs answer people who risk their time, money, and other resources to start and manage a business question worked, earned answer correlation between hours __________ and dollars _____________ question necessity entrepreneurs answer […]

question Which of the following accounts are included in working capital management? I. Accounts Payable II. Accounts Receivable III. Fixed Assets IV. Inventory answer I, II, and IV only question Which one of the following business types is best suited to raising large amounts of capital? General partnership. Corporation. Sole proprietorship. Limited liability company. Limited […]

question Objective of the EU? answer 1. Rebuilding powerful economies in the long-term so as to become again a big power in international economy. 2. Fight against the progress of soviet communists. question Which model for the EU? answer The “United States” of Europe, expression coined by Winston Churchill in his September 1946 speech in […]

question 1) Implementing a new ERP system is mainly a question of installing ERP software. answer Answer: FALSE Diff: 2 Page Ref: 59 question 2) The hard part of installing an ERP system is changing the business processes of the people who will use the system. answer Answer: TRUE Diff: 2 Page Ref: 59 question […]

question To be officially counted as unemployed, one must be: answer Actively seeking employment and currently not working. question The study of aggregate economic behavior is referred to as: answer Macroeconomics. question Which of the following types of unemployment is most directly related to real GDP growth? answer Cyclical unemployment. question A measure of changes […]

question Keynesian economics is primarily associated with which of the following concepts answer an activist federal government question According to Keynesian economics, when the economy is experiencing inflation, he best course of action is to answer reduce government spending or increase taxes question Which of the following statements would be associated with Keynesian economics? answer […]

question 1. What two conditions must be met before an entity can be classified as a weak entity? Give an example of a weak entity. answer The entity must be existence-dependent on its parent entity and it must inherit at least part of its primary key from its parent entity. question 2. What is a […]

question Cope v Rowlands answer Contracts illegal by statute: Contract made it illegal for stockbrokers to conduct certain business in London without obtaining a licence. Exch Held: Lack of a licence made the contract illegal and unenforceable. The provision was to protect the public from the harm that could be caused by unregulated brokers. question […]

question Web 2.0 answer A concept referring to the changing trends in the use of WWW technology and Web design that have led to the development of information-sharing and collaboration capabilities. question Crowdsourcing answer A problem-solving model in which a task ordinarily performed by one person is outsourced to a large group or community in […]

question A survey of CEOs of the 162 largest firms on Fortune’s list of the 500 largest American corporations found that the internationally oriented courses that were viewed as being the most important for early career positions included topics related to: answer D. all of the above. question The increased internationalization of business requires __________ […]

question Functional information systems are information systems used by a single individual. answer True question Workgroup information systems that support a particular department are called personal information systems. answer False question The contact manager in an iPhone is an example of a personal information system. answer True question Personal information systems generally support around 10 […]

question a small publication printed on heavy stock paper answer business card question a group of customized information fields about an individual or an organization answer business information set question to save fonts with the publication answer embed question used for invitations, cards, and mailers answer envelopes question what the mouse pointer changes to when […]

question Mothers Against Drunk Driving (MADD) would be an example of a(n) ______ that tries to persuade government officials to vote for tougher penalties for driving while intoxicated. answer Interest Group question It is in the ______ for the government to put expiration dates on perishable products. answer Public Interest question A warning on a […]

question The consumer econoomy of the united states looked very good during the 1920’s, as evidence by the fact that answer Most people enjoyed rising wages and rising standards of living question In the improving American economy of the 1920’s answer The percentage of national wealth that went to the poorest 60 percent fell by […]

question William Seward answer Secretary of State who was responsible for purchasing Alaskan Territory from Russia. By purchasing Alaska, he expanded the territory of the country at a reasonable price. question Matthew C. Perry answer Military leader who convinced the Japanese to sign a treaty with the US in 1853. This treaty allowed a commercial […]

question corporation answer created by law; has most of the rights and priviledges of a person question two common classifications of corporations answer 1. by purpose 2. by ownership question publicly held corporation answer may have thousands of stockholders, and its stock is traded on a national securities market such as the New York Stock […]

question Which tax form would you select for a subchapter S corporation? answer Form 1120S question Why should you customize the Chart of Accounts? answer To modify it for your specific business needs question An account’s tax line determines where QB lists the account balance on the: answer Income Tax Summary Report question The Customer […]

question Ethics answer the study of what constitutes right or wrong behavior question Business Ethics answer focuses on what is right and wrong behavior in the business world. question Profit maximization answer Ultimately leads to the most efficient allocation of scarce resources. Short-run vs. Long-run profit maximization = long-run profit maximization keep business ethics consistent, […]