What are the challenges faced by team entrepreneurs?
What will be an ideal response?
While the classic image of the entrepreneurial small business would involve the image of the solo entrepreneur, the modern reality is different. The majority of new businesses have a team of two or more co-owners, and the trend is toward even more businesses being developed by teams of entrepreneurs. When putting a team together it is important to work out key issues ahead of time. For example, team members might be putting different amounts of money or time into the business, but might be expecting identical returns, which creates an equity problem. A team can also face conflict over idea ownership, shared goals and how to make decisions, especially when the team is evenly split on choices.
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In a marketing research report, recommendations should:
A) always be included B) never be included C) be included if agreed upon by the researcher/client D) be carefully edited E) only be included in the oral report
Thomson Company's income statement for the year ended December 31 . 2014, reported net income of $360,000 . The financial statements also disclosed the following information: Amortization ......................................... $ 20,000 Depreciation ......................................... 60,000 Increase in accounts receivable ...................... 140,000 Increase in inventory
................................ 48,000 Decrease in accounts payable ......................... 76,000 Increase in salaries payable ......................... 28,000 Dividends paid ....................................... 120,000 Purchase of equipment ................................ 150,000 Increase in long-term note payable ................... 300,000 Net cash provided by operating activities for 2014 should be reported as a. $84,000. b. $204,000. c. $234,000. d. $324,000.
Describe briefly the disadvantages of having groups with more than roughly nine members.
What will be an ideal response?
Matters related to foreign affairs are generally considered to be areas committed to the
agency's discretion. a. True b. False