Commercially valuable information that is guarded from disclosure and is not general knowledge is called a commercial secret
Indicate whether the statement is true or false
False
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Which of the following factors is not a cause or contributing factor for non-value added activities?
a. Physical b. Human c. Systematic d. Control
Which of the following statements about the Uniform Prudent Management of Institutional Funds Act (UPMIFA) is correct?
A. It requires that the spending rate for the return on investments be no more than five percent. B. It allows institutions to release net assets from restrictions if certain criteria are met. C. It establishes a maximum total return rate for investments. D. It requires that specific policies concerning solicitation of donations be established.
What are the three general criteria used for distributing rewards? Give an example of each.
What will be an ideal response?
While one must be careful to avoid too many generalizations about entrepreneurial traits or characteristics, which one of the following characteristics would not normally be associated with successful entrepreneurs?
a. being able to see and seize a commercial opportunity b. planning for the venture's future c. only being able to see an opportunity after it ceases to be one d. being optimistic about the venture's success