________ is the process by which enterprising individuals initiate, manage, and assume the risks and rewards associated with a business.

A. A partnership
B. An incubator
C. A start-up
D. Joint venture
E. Entrepreneurship


Answer: E

Business

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The courts allow one who rescinds the contract before any illegal act has been performed to recover any consideration given.

Answer the following statement true (T) or false (F)

Business

Consumer preferences for alternative product concepts can be measured through ________, a method for deriving the utility values that consumers attach to varying levels of a product's attributes

A) concept testing B) perceptual mapping C) gap level analysis D) conjoint analysis E) morphological analysis

Business

Martin Company decided to reward its employees with a bonus of 7% on annual net income, after deducting the bonus. The company reported net income of $513,600 before the calculation of the bonus. Prepare the journal entry to accrue employee bonus expense. Omit explanation.

What will be an ideal response?

Business

Managers prepare process cost reports in the evaluating stage of the management process

Indicate whether the statement is true or false

Business