Why are sole proprietorships so much more popular in terms of the number of firms than corporations? (This answer should identify the significant advantages to the sole proprietorship versus those of other forms of business organization.)
What will be an ideal response?
Answer: Sole proprietorships are popular because they are easy to start up, with fewer regulations and reporting requirements than other forms of business organization. Sole proprietorships are also popular because they give individuals the opportunity to be their own boss, to make all of the decisions, and to realize 100% of the after-tax proceeds of the business.
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Stereotyping should most likely be avoided by international managers because ________
A) current variables of culture are grossly inaccurate B) many cultures have diverse subcultures C) many countries outlaw the practice D) national culture is nonexistent
Which of the following groups is the best example of a virtual team?
a. a small business that never generates a profit b. a product development team in a large company c. an informal group that meets regularly to solve work problems d. a marketing group that communicates only by e-mail and telephone