PRINCIPLES OF BUSINESS ADMINISTRATION
The government owns and controls the economic resources. D. Businesses are free to choose what they wish to produce. 28. Which of the following risks can be
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Preface1
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Ethics in Practice.1%& 0B&+B/ 1& "B#"12/"0B!"*,+01/1"B%,4B20&+"00"0B/"B/"0-,+0&)"B+,1B,+)6B1,B1%" ,11,*B)&+"LB21B1,B-/,3&!&+$B$,,!0B+!B0"/3& "0B&+BB/"0-,+0&)"B*++"/N Managing Change.%"B12/2)"+1B20&+"00B )&*1"B/".2&/"0B ,*-+&"0B1,B!-1B1%"&/B20&+"00B01/1"$&"0B&+ /"0-,+0"B1,BB3/&"16B,#B" ,+,*& LB0, &)LB ,*-"1&1&3"LB+!B1" %+,),$& )B#,/ "0NB%"B+$&+$B%+$"B#"12/"2Preface
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highlights how businesses have altered their business strategies in response to these forces.Catching the Entrepreneurial Spirit.This feature highlights the challenges and opportunities availabJle in small
businesses and other entrepreneurial ventures.Managerial Leadership.It is generally agreed that in a turbulent business climate leadershipJ is an important
function of management that helps to maximize efficiency aJnd to achieve organizational goals. Leaders initiate
action, motivate organizations, provide guidance, build morale, and create a sense of confidence within the
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