In the context of opportunity identification, briefly describe how entrepreneurs can use global trends to inform entrepreneurial efforts.
What will be an ideal response?
Entrepreneurs should examine trends around the region, nation, or world that may not have reached their particular geographic area. Trends do not start uniformly across regions. By observing trends elsewhere, entrepreneurs can identify gaps in their local markets and methods to fill those gaps.
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Which of the following is NOT a major dimension of international culture?
a. High power distance—low power distance. b. Individualism—collectivism. c. High symbol orientation—low symbol orientation. d. High tolerance of uncertainty—low tolerance of uncertainty.
The probability that investments made to fund the front-end activities will be lost due to project abandonment is:
A) Promotion risk. B) Political risk. C) Organizational risk. D) Financial risk.
Which of the following types of property would be considered "goods" under the Uniform Commercial Code?
A. a promissory note B. a stock C. a patent D. a computer
An employer must have an employee complete Form W-4:
A) Before each pay disbursement. B) Each year, upon the employee's anniversary with the firm. C) Every January 1. D) At the time of hire.