Author Question: According to the basic model of firm growth articulated in Chapter 13, the ability to increase ... (Read 37 times)

V@ndy87 · **on:** Jul 6, 2018

According to the basic model of firm growth articulated in Chapter 13, the ability to increase managerial services to facilitate growth is not friction free but is constrained and limited.

Which of the following selections is not one of the factors that constrains or limits a firm's ability to increase its managerial services?
A) The time required to socialize new managers
B) How motivated entrepreneurs and/or managers are to grow the firm
C) Adverse selection
D) Moral hazard
E) Benchmarking

Question 2

In the context of computing the cost of sales, the common way to do this is to use the percent-of-sales method, which is a method for expressing each expense item as a percentage of ________.

A) net sales
B) gross profit
C) net income
D) operating income
E) cost of sales