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How is a stakeholder different from a shareholder? A shareholder is an employee of the company, whereas a stakeholder is an owner of the company. A shareholder is an employee of the company, whereas a stakeholder is any individual or group with an interest in the company's operations and/or output. A shareholder is an owner of the company, whereas a stakeholder is any individual or group with an interest in the company's operations and/or output. A shareholder is an owner of the company, whereas a stakeholder is an employee of the company.

A shareholder is an owner of the company, whereas a stakeholder is any individual or group with an interest in the company's operations and/or output.

Which of the following characteristics of the service sector distinguish it from the product sector? Knowledge and information technology All of these answers Unique financial, regulatory, and investment structures Ever-changing business processes

All of these answers

From this week's video, what information can businesses obtain from market research does Steve Jobs mention? What your customers think and want How your company's stock price will perform How socially responsible your company is What your competitor's strategy will be

What your customers think and want

From this week's video, what are the limitations of market research that Steve Jobs mentions? the demographics of a customer what a customer thinks what a customer wants a company can't predict something that a customer doesn't quite know they want yet

a company can't predict something that a customer doesn't quite know they want yet

Which of the following is NOT an advantage of starting a business? a lack of involvement in day to day business activities the opportunity to build equity being your own boss potentially significant financial rewards

a lack of involvement in day to day business activities

Which of the following basic business processes has the Internet NOT been increasingly used for? filing taxes and regulatory forms bookkeeping coordinating work teams locating key business connections

bookkeeping

What is the process managers use to transfer authority and responsibility to positions below them? delegation memorandums division of work departmentalization

delegation

Which of the following is NOT an acceptable use of surplus revenues generated by a non-profit? strategic planning self-preservation expansion distribution to shareholders

distribution to shareholders

The difference between a firm's total revenue and all costs represents __________. economic profit economic value proft maximization normal profit

economic profit

IT is changing the basis of business from labor and manual skills to _________. social media expertise knowledge management global collaboration knowledge of videoconferencing

knowledge management

According to economist Milton Friedman, the main purpose of a business is to ________. balance profit-making objectives with other ends maximize profits for its owners spur innovation benefit society

maximize profits for its owners