Answer the following statement(s) true (T) or false (F)
1. The text defines entrepreneurship as a path of starting and growing a venture using a linear, step-by-step process.
2. The prediction and creation logics lead to opposing goals and outcomes.
3. Entrepreneurs who use the creation approach wait for extended periods of time to get
what they need before taking action.
4. Prediction is the dominant logic of large, established organizations.
5. Small enterprises will almost always begin with creation.
1. False
2. False
3. False
4. True
5. True
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A solvency measure that focuses specifically on the extent to which a company relies on outsiders for funds is:
a. cash flow from operations to capital expenditures ratio b. debt service coverage ratio c. times interest earned ratio d. debt-to-equity ratio
On May 15, 2016, January Company acquired a new forklift in exchange for an old forklift that it had acquired in 2006. The old forklift was purchased for $20,000 and had a book value of $5,000. On the date of the exchange, the old forklift had a market value of $6,000. In addition, Retread paid $18,000 cash for the new forklift, which had a list price of $25,000. It is expected that future cash
flows will not change. At what amount should Retread record the new forklift for financial accounting purposes? A) $23,000 B) $24,000 C) $20,000 D) $25,000
Each tactical item in an MPR plan should correspond with a(n) ________
A) problem B) objective C) strategy D) event E) department
Denotative meaning refers to the generally accepted dictionary meaning of a word. According to the text, connotative meaning refers to which one of the following?
A. Meaning imposed by the arbiters of the English language based at Oxford B. Meaning attributed to a word based on experience and background C. Meaning derived from the parts of a word—referred to as "connotes" D. Meaning associated with the origin of a word—such as Greek E. Meaning based on regional dialect