Which of the following involves confronting your beliefs, inviting others to challenge you, and working on personal blind spots?
A. Fundamental attribution
B. Double-loop learning
C. Self-fulfilling prophecy
D. Single-loop learning
Answer: B. Double-loop learning
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Most affluent households in America are headed by business owners. The self-employed account for what proportion of this group?
A) one-third B) one-fourth C) one-half D) two-thirds E) three-quarters
A business which enters into a contract to purchase a product which compensates the manufacturer under a cost reimbursement agreement should take an active part in the determination of how joint costs are allocated because ________
A) the manufacturer may allocate a large portion of its other costs to these products B) the business need those information for its tax reporting purposes C) the FASB requires the business to participate in the cost allocation process D) it is an opportunity for the business to enhance its market knowledge