True or False: A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay off those debts with personal assets.

True

False

In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a

the income effect causes consumers to do which of the following? A. Demand a lesser quantity of goods as normal. B. Demand a greater quantity of goods as normal. C. Demand the same quantity of goods as normal.

A negative externality is 1. when a third party receives a benefit from an economic activity 2. when the buyer does not pay full price for a good or service 3. when the seller overcharges the buyer 4.

Boundaryless organizations eliminate barriers that separate employees between different departments. a. True b. False

Each employee or customer who uses a computer in a large business is which kind of user?

Cirrus Aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capacity over the next two years. What type of competitive action does this represent? A.

What is the risk of overusing credit for a business?

Lorna Perry, who works in a financial firm in Michigan, is required to calculate a large number of clients' accounts daily. She needs to tally figures and check accuracy at a high speed.

The traits, skills, experience, knowledge, and other features necessary for job success are called internships. job qualifications. job salaries. health benefits.

hich of the following is consistent with relationship marketing? Maintaining transactional relationships with customers Working with buyers to determine their individual needs Developing market share through mass media advertising Focusing more on