BUAD 1103 Final

All of the following are disadvantages of corporations EXCEPT:

• Lack of secrecy

• Expensive Formation

• Perpetual Life

• Government Regulation

Herzberg thought a state of complete

satisfaction was

common among employees.

• True

• False

When Panasonic improves the sound,

clarity, and ease of operation offered

by its DVD player, it is:

• shortening its product life cycle.

• refining its existing product.

• redistributing its product.

• reducing DVD's functionality.

A corporation chartered in Mexico and

doing business in the United States is

known as a foreign corporation in the United States.

• True

• False

Nearly all experts and academics in the

field of leadership agree that a

participative leadership style is the best within an American organization.

• True

• False

A highly centralized organization usually

means that lower-level employees have the opportunity to make decisions regarding the best

way to accomplish their assigned tasks.

• True

• False

As with a sole proprietorship, one

disadvantage of a partnership is a lack

of continuity.

• True

• False

The United States buys automobiles

from Japan and Germany and petroleum

products from many OPEC nations.

The United States thus engages in:

• dumping.

• tariffing.

• importing.

• exporting.

The factors of production include natural

resources, labor, government assistance,

and entrepreneurship.

• True

• False

The Organization of Petroleum Exporting

Countries (OPEC)

• was founded in 1975.

• was conceived as a collective bargaining unit.

• was effective in increasing the supply of oil.

• was organized in response to the formation of the European Community