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
QUESTION In a free market, if a product is offered, and buyers want it, the increasing demand for the product will ________. a. drive the price down because many of them sell b. drive the price up because the producer has a limited supply c. drive the supply and price down d. drive the demand […]
Date: September 3rd, 2020
QUESTION Integrity is about ________. a. being inconsistent b. recognizing that there is no connection between words and actions c. fearing to stay true to yourself d. speaking truthfully ANSWER d
Date: September 3rd, 2020
QUESTION Which of these will NOT shift the demand curve? a. changes in customer preference b. increases in the number of potential buyers c. the prices of substitute products d. changes in production costs ANSWER d
Date: September 3rd, 2020
QUESTION Which person would MOST likely be a successful entrepreneur? a. Erica, who asks others to help her decide what to do next b. Allison, who embraces challenge, risk, and unexpected situations c. Steve, who focuses on the details of his current projects d. Jack, who needs regular paychecks to cover tuition ANSWER b
Date: September 3rd, 2020
QUESTION An organization’s hierarchy of authority is A) a diagram showing the governance bodies to whom the CEO reports. B) a list of the company’s top executives and their immediate direct reports. C) the organization’s official configuration of reporting relationships. D) the position the organization holds in its industry in terms of profitability. ANSWER […]
Date: September 3rd, 2020
QUESTION What is the relationship between risk and the interest rate on a long-term bank loan? What will be an ideal response? ANSWER The greater the risk of a bank issuing a long-term loan, the higher the interest rate the bank charges the business.
Date: September 3rd, 2020
QUESTION Which one of the following questions evaluates your integrity? a. What are you passionate about? b. Do you get people excited about anything? c. What do you tinker with in life? d. When is the last time you had to sacrifice something to uphold the truth? ANSWER d
Date: September 3rd, 2020
QUESTION An organization chart A) depicts the relationships between departments or employees in an enterprise. B) shows the competitive strategy that the organization’s management has defined. C) lays out the pay scales and actual salaries everyone in the company is earning. D) indicates the physical arrangement of the company’s office buildings and plants. ANSWER […]
Date: September 3rd, 2020
