Answer the following statement(s) true (T) or false (F)

1. Because of their personalities, entrepreneurs do not experience the emotional pain of failure.
2. Many entrepreneurs who have failed feel more confident, prepared, and motivated to attempt another startup.
3. According to Angela Lee Duckworth, grit is the quality that enables people to work hard and sustain interest in their long-term goals.
4. In the context of grit, excellence is the commitment to long-term goals through purposeful deliberate practice. .
5. Studies have shown that people with a high IQ will be more likely to achieve success.


1. False
2. True
3. True
4. False
5. False

Business

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The following information was taken from the financial statements of Ashley's Linens: Total current assets $ 53,000 Property, plant, and equipment 6,000 Current liabilities 21,000 Long-term liabilities 4,000 Owner's equity 34,000 Beginning inventory 31,000 Ending inventory 33,000 Cost of goods sold 152,000 Net income 42,000 The working capital of Ashley's Linens is

a. $32,000. b. $33,000. c. $34,000. d. $38,000.

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The National Environmental Policy Act (NEPA) applies to interstate highway construction.

Answer the following statement true (T) or false (F)

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Which of the following is true about copyright protection in Canada?

A) It requires registration of the work with the federal government in Ottawa. B) It requires registration of the work through the Post Office. C) It requires a copyright notice at the beginning of the work along with the date and owner's name. D) It requires no registration and occurs automatically upon the work being made. E) Either A or B

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Which of the following statements about torts is (are) true? I. The person who is injured or harmed by a tort is called a plaintiff or claimant. II. The punishment for committing a tort is damages in the form of money

A) I only B) II only C) both I and II D) neither I nor II

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