Answer the following statement(s) true (T) or false (F)
16. Using historical data will only provide insights into past behaviors—they cannot predict how people might react to new products and innovations.
17. Entrepreneurs have more freedom to experiment than larger organizations, as they have less to lose.
18.Entrepreneurs are more likely to generate new business ideas if they stick to a routine of familiar experiences.
19. Taking apart a product or a process to understand how it works can help an entrepreneur generate new ideas.
20. A written description of a product is a better way to generate discussion from potential customers than a storyboard.
21. When there is insufficient data available, intuition and experience are reliable to use to make decisions.
16. True
17. True
18. False
19. True
20. False
21. False
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Which theory below is considered a process theory?
A. Maslow’s hierarchy of needs B. goal-setting theory C. ERG theory D. McClelland’s need theory
The declaration of dividends is solely the decision of the corporation's board of directors
Indicate whether the statement is true or false
You are writing an e-mail that reports on the expenses from a recent business trip. What is the purpose of this e-mail?
A) Documentation. B) Con?rmation. C) Recommendation. D) None of the above.
Refer to Data Table A. The lower control limit for the range chart is ______.
a. 1.777
b. 0.223
c. 0
d. 2.282