Jonah had $25 to spend. He decided to buy a new shirt instead of going to the amusement park with his friends. Jonah has

a. purchased a service.
b. made an economic trade-off.
c. made a poor economic decision.
d. ignored the concept of scarcity.

Ans: b. made an economic trade-off.

Business

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A manager who wants an organizational change can push forward with the change when _______

a. driving forces far outweigh the restraining forces. b. restraining forces are much stronger than the driving forces c. when the driving forces and the restraining are fairly equal d. only after a SWOT analysis is performed e. after the organizational change

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When you buy an existing business, you're buying an income stream

Indicate whether the statement is true or false

Business