Contrast a “bad” failure from a “good failure.”
What will be an ideal response?
At the low end of the spectrum, a “bad” failure would be the result of an ethical or legal transgression. These would be considered “bad” because they are founded in a bad intention or violation of standard business practice. There is more personal blame in a failure of this kind. A good failure is one where the intentions were well placed and the entrepreneur made his or her decision in a firm foundation of ethical and honorable practice. Good failures lead to learning experiences and a confirmation of one’s sense of self-worth. Good failures will lead to success because they inform the next venture.
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Answer the following statements true (T) or false (F)
1. One of the easiest ways to assess how the environment influences the guest expectations is the rest room test, which shows how much cleanliness is made a priority. 2. Maintaining the guest mood is best done by maintaining the consistency between what the guest expects to see and what they actually see. 3. Businesses that pay attention to environmental details show employees that they care about guest’s satisfaction and service quality, but not necessarily their own employee satisfaction. 4. With increased level of service comes an expectation of an increased level of service setting. 5.The logical placement of restrooms in a hotel lobby or amusement park is part of functional congruence.
How might age diversity be an issue for cross border migrations?
a. Migrants tend to be young, therefore it will affect the hose country’s average working age population b. Migrants tend to be older, therefore it will affect the hose country’s average working age population c. Younger migrants will ultimately burden the country’s social security and retirement systems d. Older migrants will ultimately burden the country’s social security and retirement systems
Dollar discount stores and closeout chains are both types of off-price retailers.
Answer the following statement true (T) or false (F)
Assume you are the creditor in each of the following situations. Identify the kind of security agreement that is involved in each transaction and explain how you would perfect that agreement. a. You are the creditor (Evergromby Bank), and you lend
Brisco Baines $5,000 for a sound system. b. National Bank loans Donna $5,000 to purchase a computer for use in her store office. c. Garth needs cash for gambling debts. He brings in his gold ring to secure a $500 loan.