Answer:
c. both a monopoly and a competitive firm
Explanation:
A monpolistically competitive firm is a firm that has the features of both a monopoly and a competitive firm
Characteristics of a monopoly in a monpolistically competitive firm:
1. Products are differentiated in a monpolistically competitive firm.
2. Firms are price setters.
Characteristics of perfect competition in a monpolistically competitive firm:
1. There is free entry and exist into the industry.
2. There are many sellers
Answer:
A) Valuable assets such as the company's reputation, the quality of its work force, and the strength of its management are not captured on the balance sheet.
Explanation:
As we know that the balance sheet records the assets, liabilities and the equity of the company. Now the main problem with the balance sheet is that the valuable assets such as reputation of the company, work force quality, management strength would not captured here as it only records the monetary transactions.
Therefore the correct option is a.
Answer:
The answer is B
Explanation:
Top-down management or leadership which happen or occurs when the goals, objectives, tasks and projects are determined or evaluated among the firm or the company senior leaders, generally independently of their teams.
So, in this case, top executive working with the managers in order to develop or create their own goals. This approach is known as the top down leadership.And under this the tasks, projects are then communicated to the teams.
Answer:
Cross-functional team.
Explanation:
A cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. Typically, it includes employees from all levels of an organization.
