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vankor vankor
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6 years ago
Which of the following statements best summarizes what a business partnership is all about?
 
  a. Partnerships can harness the skills and expertise of more than one person.
 b. A partnership involves two or more persons engaged in economic activity.
 c. Partners own the partnership's assets together.
 
  d. Partners need careful planning to succeed in business.



What is the most desired measure of financial performance by a firm in the context of the co-alignment principle?
 
  a. Historical record
  b. Cash flow per share of owners'/investors' equity
  c. Earnings per share
  d. Gross operating profit
  e. Net profit



Explain how managers read and analyze an income statement.
 
  What will be an ideal response?



Which of the following is needed to determine how much a casino can expect to win from a certain player:
 
  a. house advantage
  b. bet size
  c. player value
  d. duration of play
  e. pace of game



Briefly explain the requirements of U.S. cabotage laws. What effects have these laws had on the U.S. cruise line industry? What benefits, if any, have these laws brought to U.S. workers who would like to work in the cruise line industry?
 
  What will be an ideal response?



Which statement is false? Competitive methods are:
 
  a. made up of portfolios of products and services to achieve advantage in the market place.
  b. used in order to add value to the organization.
  c. having an expected long life in the context of a changing environment.
  d. chosen based on a consistent environment analysis.
  e. all of the above.



Which of the following is a popular poker-based casinos game?
 
  a. Three Card Poker
  b. Caribbean Stud
  c. Let It Ride
  d. Pai Gow Poker
  e. All of the above are poker-based games at the casinos



All of the following are true statements about the differences between corporations and partnerships except:
 
  a. the partners in partnerships have limited liability, while owners of corporations have unlimited liability.
 b. partnerships are not taxed, but corporations are.
 c. corporations need articles of incorporation, while partnerships do not.
 
  d. partnerships are easier to form than corporations.



Identify operating costs as controllable, noncontrollable, fixed, variable, or semivariable.
 
  What will be an ideal response?



The logical sequence of components of the co-alignment principle is
 
  a. strategic choice, environment, firm structure, and firm performance.
  b. environment, strategic choice, firm structure, and firm performance.
  c. firm structure, strategic choice, environment, and firm performance.
  d. firm performance, strategic choice, environment, and firm structure.
  e. it does not matter which component is the first.
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estrada98estrada98
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vankor Author
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6 years ago
Passed my quiz with this!
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