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Equity theory argues that people judge how they are being treated relative to how they see others being treated.

When buying an existing business, there is a greater premium attached to the business than if the business is started from scratch.

It is illegal for sole proprietors to run their business by deducting business expenses from their business incomes.

__________ insurance covers liability for workers who are injured on the job.

Debt is typically a secured investment; if the business fails, the business’s assets would be sold in order to repay the debt.

Small businesses must use their resources efficiently, thus distinguishing them from large businesses.

Compare and contrast implicit and explicit rules and provide an example of each. 

Mama’s Hot Dogs Store is a leading fast-food restaurant that sells a variety of hot dogs. This restaurant is known for its impeccable customer service. It provides a playground for kids, maintains clean tables and restrooms, and provides free Wi-Fi. John, an entrepreneur, wants to start a fast-food restaurant and compete against Mama’s Hot Dogs Store. Which of the following strategies would most probably help John to be more successful than Mama’s Hot Dogs Store?

When an owner designs a signage for their business, the goal should be to create a complex design so that it is distinctive.

A small business determines the cost of providing a product or service and then adds a given percentage to it based on the level of profit determined to be appropriate. This is called