The decision to behave entrepreneurially is the result of the interaction of
a. the individual's personal entrepreneurial mind-set and an opportunity.
b. the existence of a viable business idea.
c. the relevant business environment.
d. a new market.
ANSWER: a
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Cultures with low power distance will be more likely to concentrate decision making at the top, and all important decisions will have to be finalized by the leader.
Answer the following statement true (T) or false (F)
Which tactic for influencing others is the use of logic, reason, and evidence to convince another person that cooperation in a task is worthwhile?
a. Rational appeals b. Upward appeals c. Exchange d. Ingratiation
A company is currently operating at 70% capacity producing 8,000 units. Cost information relating to this current production is shown in the following table:?Per UnitSales price$15.00Direct material$3.20Direct labor$7.10Variable overhead$0.05Fixed overhead$0.60The company has been approached by a customer with a request for a special order for 1,500 units. The sales price per unit for this special order is $10. Should the company accept the special order?
What will be an ideal response?
Quantity discounts give customers a price incentive to buy in larger quantities
Indicate whether the statement is true or false