The authors define entrepreneurship as ______.
a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences
b. starting a small business by finding investors and launching a product
c. developing a new market by creating a product that does not currently exist
d. a mindset that compels people to start multiple ventures throughout a lifetime.
a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences
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Concerning the covering of exchange market risks, assuming that a depreciation of the domestic currency is anticipated, one can say that there is an incentive for
a. exporters to rush to cover their future needs. b. importers to rush to cover their future needs. c. both exporters and importers to rush to cover their future needs. d. neither exporters nor importers to rush to cover their future needs.
Another term for the chain of command within an organization, as represented on an organizational chart, is
A. reporting linkage. B. span of control. C. horizontal specialization. D. vertical hierarchy. E. network structure.
A _____ is a situation in which additions to an economy's monetary base do not lead to an increase in the economy's money supply or decline in the interest rate.
A. liquidity trap B. recession C. financial crisis D. credit crunch
Which of the sciences listed below looks at the way groups behave and the way they communicate and exchange information?
A. political science B. sociology C. social psychology D. anthropology