Of the following statements concerning the five major pitfalls business owners can fall into when trying to become more innovative; which statement is not true?
A. At the end of the month, the entrepreneur has to shuffle money from one account to another, falling victim to the pitfall of not minding the money.
B. Trying to solve everyone's problems is tiring out the new entrepreneur, they have fallen victim to the pitfall of obeying rules that do not exist.
C. A worker suggests a new time saving process but the entrepreneur brushes it aside as silly, falling victim to the pitfall of judging ideas too quickly.
D. If a problem does not stay solved, the entrepreneur may have fallen victim to the pitfall of identifying the wrong problem.
Answer: A
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Depreciation Expense—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
Internet forums are replacing traditional reliance on "the wisdom of the specialist" with the
A) "opinion of the opinionated." B) "guesswork of the crowd." C) "revolt of the masses." D) "politics of science." E) "knowledge of the many."
The primary value of ________________ efforts is not so much the strategic plans that are created but rather the transformation in strategic thinking that results from this activity.
Fill in the blank(s) with the appropriate word(s).
An airline that divides its customers into VIP, Preferred, and Regular customer sets is practicing what principle?
a. Customer prioritization b. Customer displacement c. Customer segmentation d. Customer clustering