If a firm is operating at an output that is a little less than the minimum point of its ATC curve,the marginal cost is

A) greater than ATC and rising.
B) greater than ATC and falling.
C) less than ATC and rising.
D) less than ATC and falling.

The statistical process chart used to control the number of defects per unit of output is the

A) $\bar{x}$ -chart.
B) R-chart.
C) p-chart.
D) AOQ chart.
E) c-chart.

A fiduciary duty of care may also arise in a situation where a professional agrees to perform a service without a fee.

When eliminating filters and biases to understand what a speaker is saying requires what type of listening skill?

A) Content
B) Critical
C) Empathic
D) Active
E) Effective

Monitoring performance, step two in the management by objectives (MBO) cycle, is the most important step.

Stereotypes obscure individual differences; that is, they can prevent managers from getting to know people as individuals and from accurately assessing their needs, preferences, and abilities.

An entrepreneur is a person who does all of the following except

A) assumes the risk of a firm.
B) organizes and manages a firm.
C) turns a new idea or product into a business.
D) always makes a profit.

April Roberts ordered one hundred 19-inch color television sets from Carl Soans and requested prompt shipment of the goods.Carl promptly shipped fifty 21-inch color television sets and fifty 19-inch color television sets without informing April that the shipment of nonconforming television sets was an accommodation.Which of the following is true?

A) There is no acceptance because Carl's shipment materially differed from the terms of the offer.
B) There is an acceptance and April is bound to pay the reasonable value of the fifty 21-inch television sets she did not ask for.
C) There is an acceptance but Carl has breached the contract by shipping nonconforming television sets.
D) There is a new offer that Carl has made by sending the nonconforming goods which April can accept or reject.