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
Q11: The entrepreneur is always searching for
A)positive profit.
B)normal
Q12: Economic profit equals
A)accounting profit plus the cost
Q13: Specialization should be guided
A)by government regulations.
B)comparative advantage
C)by
Q14: Entrepreneurs should always
A)be the first mover
B)have a
Q15: The market process is
A)governmental.
B)institutional.
C)dynamic.
D)all of these choices.
Q17: Entrepreneurs reveal
A)things that the market knew.
B)things that
Q18: Markets provide
A)information.
B)prices.
C)incentives.
D)all of these choices.
Q19: A bond is a form of
A)dividend.
B)debt.
C)equity.
D)stock.
Q20: In the market processes resources end up
Q21: The market process is dynamic.
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