Explain how an entrepreneur might fail from lack of ability.
What will be an ideal response?
An entrepreneur can become overextended. The skills that are necessary at the start of the business change as the business grows. The skills that are required to make the business grow may not be in the entrepreneur’s skillset. Businesses may grow in their functions, requiring higher-level knowledge in specialty areas such as human resources, business law, and marketing. The overall growth of the business may require that the entrepreneur specialize, interfering with his or her ability to learn at the pace of business growth.
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When developing the experience section of the résumé, the most space should be devoted to
A) jobs that closely relate to the targeted position. B) jobs that you held the longest. C) jobs that had a higher level of responsibility. D) jobs where you learned the most. E) jobs you enjoyed the most.
In developing countries, demand typically exceeds supply, and there is little concern about customer satisfaction, especially when the level of competition is low
Indicate whether the statement is true or false
Preferred shareholders are usually not entitled to
A. certain limited rights and privileges over shareholders of other authorized stock. B. the right to convert their stock into common stock. C. a preference over common stock shareholders in the distribution of profits. D. voting preference over common stock shareholders.
________ are the stakeholder group with the most responsibility for deciding the goals of the organization.
A. Stockholders B. Operational-level employees C. Consultants D. Customers E. Managers