QUESTION Ani DiFranco is considered to be an entrepreneur because she ________. a. started her own record label b. writes anti-capitalist lyrics c. re-energized the Detroit area d. is successful ANSWER a
Date: September 3rd, 2020
QUESTION You work in a company. You assign employees their work, monitor their progress, and provide guidance. What are you? A) a supervisor B) a regional manager C) a vice president D) a president or CEO ANSWER A
Date: September 3rd, 2020
QUESTION A leader who works with employees to find the best way to complete a job while maintaining final authority is a(n) ________ leader. a. laissez-faire b. free-reign c. autocratic d. democratic ANSWER d
Date: September 3rd, 2020
QUESTION Products that relate to one another or help complete each other are called ________. a. complimentary goods b. substitute goods c. surplus goods d. scare goods ANSWER a
Date: September 3rd, 2020
QUESTION Which of the following is NOT a purpose of an organization chart? A) Describe different types of work or tasks and identify who is in charge of them. B) Show where unionized employees work and where nonunionized employees work. C) Indicate divisions or departments within the organization. D) Illustrate the relationships between individuals and […]
Date: September 3rd, 2020
QUESTION Which statement is FALSE? To improve their chances of success, entrepreneurs should ________. a. make sure their talents exceed any risks they may encounter b. take the time to weigh all the possible risks they may encounter c. take calculated risks and proceed only when they have a reasonable chance of success d. take […]
Date: September 3rd, 2020
QUESTION Which is true of demand? a. The quantity demanded decreases as the price increases. b. The quantity demanded decreases as the price decreases. c. The quantity demanded increases as the price of substitute goods decreases. d. The quantity demanded remains the same as price decreases. ANSWER a
Date: September 3rd, 2020
QUESTION Define an IPO. What will be an ideal response? ANSWER IPO stands for initial public offering. An IPO occurs when a company first makes stock available to the public. The company receives money from the stock purchases, and buyers receive part ownership of the company.
Date: September 3rd, 2020
QUESTION Entrepreneurs share some similar characteristics, among which are ________. a. reserve and optimism b. optimism and integrity c. integrity and pessimism d. risk avoidance and pessimism ANSWER b
Date: September 3rd, 2020
QUESTION Describe two methods for using accounts receivable to generate short-term funding. What will be an ideal response? ANSWER Pledging involves using accounts receivable as collateral for a bank loan. Factoring is the sale of accounts receivable to a third party at a discounted rate. These types of financing free up money that is […]
Date: September 3rd, 2020
