Which of the following statements about entrepreneurial teams is true?

A. The majority of new businesses have an entrepreneurial team of a minimum five co-owners.
B. Only 10 percent of teams are spouses or life partners working together.
C. Most entrepreneurial teams are family related.
D. The trend is toward even more businesses being developed by a solo entrepreneur.


Answer: C

Business

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Amengual Corporation began operations in 2011 and had operating losses of $400,000 in 2012 and $300,000 in 2013 . For the year ended December 31 . 2014, Amengual had a pretax financial income of $600,000 . For 2012 and 2013 . assume an enacted tax rate of 30 percent, and for 2014 a 35 percent tax rate. There were no temporary differences in any of the years. In Amengual's 2014 income statement,

how much should be reported as income tax expense? a. $0 b. $30,000 c. $180,000 d. $210,000

Business

What is an appropriate objective function for this vacation?

Their cruise would port out of New Orleans and promised seven days with a panoply of excursions in Jamaica, Cozumel, and Grand Cayman. A list of excursions at each site and key features of each appear in the table. The excursions were all day affairs, so it was possible to engage in only one per port. The cruise ship sailed at night and docked at each of these three ports at the crack of dawn. By dinner time, the ship was on its way to the next port and next set of excursions. The couple was energetic and active for a pair of 52 year-olds., and while enjoying an upper middle class lifestyle, they didn't want to spend money on excursions that might be better spent on tacky souvenirs. The couple therefore budgeted $250 for the excursions — the prices shown are per couple, so for example, the $60 will pay for both of them to fill up on jerk chicken and mannish water. For each of the duplicate excursions (e.g., snorkeling is offered in all three ports), the couple researched the quality of the activity and ranked the excursion among the available alternatives, with higher numbers indicating better quality. Thus, snorkeling in Jamaica is better than in Cozumel, and snorkeling in Cozumel is better than in Grand Cayman. For the unique experiences, i.e., the turtle farm, the default rating was the a 3. Site Rating Activity Cost Jamaica 3 snorkeling $100 Jamaica 1 party island $95 Jamaica 2 horseback ride $120 Jamaica 3 local cuisine $60 Cozumel 2 snorkeling $110 Cozumel 3 party island $55 Cozumel 1 horseback ride $70 Cozumel 2 local cuisine $90 Cozumel 3 tequila tasting $130 Grand Cayman 1 snorkeling $90 Grand Cayman 2 party island $60 Grand Cayman 3 horseback ride $110 Grand Cayman 1 local cuisine $130 Grand Cayman 3 turtle farm $95 (Note - data used in this test question should not be construed as vacation advice.) A) Max Z = JS + JP + JH + JL + CS + CP + CH + CL + CTe + GS + GP + GH + GL + GTu B) Min Z = 100JS + 95JP + 120JH + 60JL + 110CS + 55CP + 70CH + 90CL + 130CTe + 90GS + 60GP + 110GH + 130GL + 95GTu C) Max Z = 3JS + 1JP + 2JH + 3JL + 2CS + 3CP + 1CH + 2CL + 3CTe + 1GS + 2GP + 3GH + 1GL + 3GTu D) Min Z = 3JS + 1JP + 2JH + 3JL + 2CS + 3CP + 1CH + 2CL + 3CTe + 1GS + 2GP + 3GH + 1GL + 3GTu

Business

A bearer instrument is negotiated by delivery alone

Indicate whether the statement is true or false

Business

Explain the differences in how modern and traditional theories of portfolio management approach the issue of diversification

What will be an ideal response?

Business