What method is used by entrepreneurs in systematically attempting to discover existing opportunities?
a. active search
b. experimentation
c. surveying
d. trial and error
a. active search
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The zone of tolerance for a service is the perceived economic benefit in relationship to the economic cost
Indicate whether the statement is true or false
Austin invests $80,000 for a 20 percent interest in a partnership that has capital totaling $300,000 after admitting Austin. Which of the following is true?
A) The original partners received a bonus of $20,000. B) Austin received a bonus of $20,000. C) Austin's capital is $80,000. D) The original partners' capital in the business was $240,000 before admitting Austin.
Joseph is the manager for JeanCo and has given the members of his highest developmental level group the authority to do their task in their own way. He also allows the members to make decisions of their own. What type of management style is Joseph using?
a. participative b. consultative c. empowerment d. autocratic
Describe the cost accumulation process in a traditional manufacturing environment versus a just-in-time (JIT) environment