Self-reliance is a characteristic that most successful entrepreneurs possess.

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


True

While experts sometimes disagree about the specific characteristics of successful entrepreneurs, virtually all include vision, self-reliance, energy, confidence, tolerance of uncertainty, and tolerance of failure. See 7-2: The Entrepreneur: A Distinctive Profile

Business

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In ViƱa del Mar, Chile, a large number of shops specialize in selling the same quality of seafood products along the beach frequented by tourists

No individual shop dares charge more than the going price without fearing loss of business to other shops. This exemplifies ________. A) pure competition B) monopolistic competition C) oligopolistic competition D) pure monopoly E) the dominant firm model

Business

The Federal Trade Commission enforces laws against deceptive advertising. Briefly discuss three types of deceptive advertising that would be considered illegal

What will be an ideal response?

Business

In a binomial experiment the probability of success is 0.05. What is the probability of two successes in seven trials?

A. 0.0036 B. 0.0000 C. 0.0406 D. 0.3667

Business

Why is it more difficult to prepare a marketing and administrative budget than it is to prepare a production budget?

What will be an ideal response?

Business