Which of the following is TRUE about gender and business world ? A. There are more women than men in U.S business because of the aspirations of U.S girlsB. There are relatively few women in U.S business partly because of…
According to Weber’s thesis ? A. Protestants disapproved of accumulating wealth B. Protestants failed to restrict extravagance and conspicuous consumption C. Roman Catholicism expressed its asceticism in a secular vocationD. capitalism was most advanced in Protestant countries
The Protestant Ethic and the Spirit of Capitalism was written by ? A. Adam SmithB. Max Weber C. Joseph Schumpeter D. William Baumol
The entrepreneur can be viewed as the ? I- coordinator of other production resources II- decision maker under uncertainty III- innovator IV- gap filler and input completer 1. I and II only 2. II and III only 3. I, II…
Joseph Schumpeter is the exceptional economist who links the entrepreneur to ? A. oligopolistic capitalism B. resource managementC. innovation D. land and labor
Which of the following is an example of a Schumpeterian innovation ? A. An existing internet provider provides competition to two other providers in Dayton OhlioB. The production and marketing of the Model T Ford in the 19-teens C. The…
Which of the following was a socialist country ? I- Holland II- Soviet Union III- China IV- India A. I and II onlyB. II and III only C. III and IV only D. I and IV only
Monopoly advantage is usually the result of greater opportunities such as ? I- access to more economic information than competitors II- superior access to training and education III- a lower discount of future earnings IV- larger firm size A. I…
Capitalism is an economies system ? A. based on government intervention in the means of production B. that originated in the United States in the 19th CenturyC. Where private owners of capital make decisions based on profit D. that dominated…
According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ? A. created stationary economies of scale B. maintained the relationship between firms and their clientsC. replaced price as the important D. limited the expansion…