Which is not true of Total Quality Management (TQM)? TQM is focused on improving product and customer service quality TQM is expensive to initiate TQM requires top management support TQM requires ISO 9000 certification All of the above

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.