The process of initiating a business venture, organizing the necessary resources, and assuming the

risks and rewards is referred to as ________.

A) leadership
B) entrepreneurship
C) business planning
D) strategic planning
E) organizing

B

Business

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Economist Thorstein Veblen argued that in the new industrial society, people earned their status by conquest in warfare.

a. true b. false

Business

Which of the following statements is true?

A) Manufacturing is responsible for meeting at least the minimum specifications of the product. B) The basic quality level of a product is specified by senior management. C) The product designer builds the quality level into the product by design and specification. D) All of the above are true. E) A and B are true.

Business