Investors should be careful about penny stocks because they are considered what?
High Risk
How did Arnold help Lawn Boy expand his business?
He introduced him to Pasqual, who did work and provided additional workers.
What does it mean to have seasonal employment?
It means to work only during a specific season and not all year.
What do you call the ratio of output per worker per period of time?
Productivity
How did Lawn Boy boost his productivity?
He improved his knowledge about mowing, He was more efficient, he increased his labor and capital supply, he hired more workers and used more machines
How did Lawn Boy diversify his business?
His workers also cleaned pools, trimmed shrubs, edged sidewalks, and cleaned garages in addition to mowing lawns.
According to Arnold, what do responsible business owners pay?
taxes, wages, and bonuses to seasonal employees
What did the Memorial Wooden Container Corporation Make?
Coffins
When stocks are sold at a price higher than what the initially paid, what do you call the earnings?
Capital gains
What investment in capital goods did Arnold make on Lawn Boy's behalf so that the lawn crews could stay in contact?
Cell Phones
