Prelims/new bus road test
What entrepreneurs and executives should do
before writing a business plan
John W. Mullins
An imprint of Pearson Education
London New York San Francisco Toronto Sydney Tokyo Sin
1 4. What role do losses play in a competitive market?
0 a. They penalize a firm for producing a good that consumers value highly
relative to its cost.
1 b. They signal that more resources are needed in this market.
2 c. They show firms that bar
Common Sense Economics
Part II. Seven Major Sources of Economic Progress
1 1. Under a system of private property, could a 60-year-old owner of a tree
farm benefit by planting and caring for a crop of Douglas firs, most of which
will not be ready to harves
CHAPTER 16 - TEAMWORK
Team: a small group of people with complementary skills, who work together to achieve a
shared purpose and hold themselves mutually accountable for its accomplishment
Teamwork: the process of people actively working together t
UNIT 3 REVIEW SHEETS: Chapter 10 - 12
26 marks; 20 marks; case study: 16 marks (how would you structure & design
based on the case)
CHAPTER 10: ORGANIZING
Organizing arranges people and resources to work toward a goal.
What is the difference betwee
Chapter 12: Human Resources
WHAT IS INVOLVED IN HUMAN RESOURCES?
1. Attracting the right people to the organization in order to find the best
person for the job.
2. Developing effective workers who will perform to the best of their