Multiple Choice
It is sometime useful to view each step in the supply chain as a(n)
A) single market.
B) integrated process.
C) horizontal process.
D) vertical process.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Entrepreneurs create destruction.
Q21: Entrepreneurs should always<br>A)be the first mover<br>B)have a
Q22: The entrepreneur is always searching for<br>A)positive profit.<br>B)normal
Q23: The market process is dynamic.
Q24: Stock is a form of<br>A)dividend.<br>B)debt.<br>C)equity.<br>D)lending.
Q25: The market process avoids creative destruction.
Q26: Seeking profits without producing anything<br>A)is called rent-seeking<br>B)is
Q27: In economics<br>A)costs are seen as all the
Q28: Managers and entrepreneurs are<br>A)the same.<br>B)different.<br>C)assume risk.<br>D)always stockholders.
Q30: If economic profits are negative<br>A)accounting profits can