Reference no: EM133230726

Question 1

The primary measure of growth in the business cycle is inflation.

Question 2

Inflation results in increased purchasing power for the consumer.

Question 3

The proactive approach to social responsibility argues that profits should not be spent on social programs.

Question 4

Low start-up costs and tax benefits are advantages of sole proprietorships.

Question 5

Even free market economies often establish some system of quotas and/or tariffs.

Question 6

A firm first sets its strategies and then focuses attention on goals to accomplish them.

Question 7

A virtual organization has little or no formal structure.

Question 8

Materials management involves the flow of materials inside of the production facility, while distribution management involves the flow of finished goods.

Question 9

Inventory control is the means of moving resources to the producer and finished goods to the customer.

Question 10

The use of teams can increase motivation and job satisfaction.