1) Many firms
2) Few artificial barriers to entry
3) Slight control over price
4)Differentiated products
Answer: A) Work sample tests
Explanation: Work sample tests are tests used when the candidate is expected to possess crucial job skills before being hired.
These skills predict whether one will be hired or not.
Answer:
The correct answer is A
Explanation:
Seasoned loan is the loan which is defined as the loan that has been made out for at least a year, in which the borrower of the loan has a good history in relation to the payment of the loan. It is considered a sign that the loan will be unlikely to default. And it may command the higher prices on the secondary market.
In short, it is defined as the loan which has been paid on time and the adequate amount of time to give the lender, the belief that it will be continue in this way.
So, it is a loan with the payment record of the payments made by the borrower.
Answer:
B. Being unwilling to sell a painting that you already own
Explanation:
Endowment effect is when individuals value things they own more highly than things they don't own. The endowment effect postulates that individuals are unwilling to exchange things they own for something else of equal value.
The amount people would be willing to accept in exchange for the good they own is usually very high compared to the true value of the object they own.
I hope my answer helps you.
Answer: the correct option is D. Risk is eventually transferred to the other party
Explanation: A Partnership is a type of business arrangement in which two or more parties come into an agreement to engage in business together. These parties are known as partners.
Benefits of long-term partnerships include all the options in the question above except transferring risk to the other party, because the risk in partnerships cannot be transferred, risks are shared by all members of the partnership.
