Sarah is an accountant with desires to open her own business. She is looking for office space at a reasonable rate along with Internet service. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, she needs ______.
a. cultural and social norms
b. physical infrastructure
c. entry regulation
d. commercial and legal infrastructure
b. physical infrastructure
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Which one of the following items is not part of the minimum lease payments from the standpoint of the lessee?
a. The minimum rental payments called for by the lease b. Any guarantee the lessee is required to make at the end of the lease term regarding any deficiency from a specified minimum c. Any estimated residual value at the end of the lease term d. Any payment the lessee must make at the end of the lease term to purchase the leased property under a bargain purchase option
Define value chain and provide a graphic of the interacting flows of information within the value chain
During a SWOT analysis, a company should assess the opportunities and uncertainties of the marketplace due to changes in several CDSTEP factors. The "E" in this acronym stands for which factor?
A. ecological B. elemental C. ethical D. environmental E. economic
Greg, a young entrepreneur, has developed an aggressive business plan and is presenting his profit projections on the popular show Shark Tank in hopes of securing some venture capital
He concludes his presentation with an LP model of his planned product mix, and is convinced he will seal the deal by demonstrating that his profits are limitless since his LP model is unbounded. What should the sharks tell him? A) "Limitless profits sound fantastic, here's a blank check." B) "Limitless profits are possible only in minimization models, and we want you to maximize profits." C) "Unlimited profits aren't possible. You must have made a mistake in your LP model." D) "Limitless profits are possible only in maximization models, and we want you to minimize profits."