Describe how you would use the traditional steps of the entrepreneurship process to start a new business.
What will be an ideal response?
Step 1: Think of an idea
Step 2: Do market research
Step 3: Get some financial projections
Step 4: Find a partner/team
Step 5: Write a business plan
Step 6: Get financing
Step 7: Find space, build a prototype, and hire people
Step 8: Bring your product/service to market
Step 9: Manage the business
Step 10: Plan an exit
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On June 1, Davis Inc issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscalyear of Garcia ends June 30 . Using the 360-day year, what is the amount of interest revenue recognized by Garciain the following year?
a. $700 b. $1,600 c. $1,061 d. $4,200
The origins of workforce diversity in EU countries have tended to be relatively ____________.
a. Stagnant b. Robust c. Unreliable d. Predictable
During a period of the Great Recession, 10 percent of Americans were unemployed and household wealth dropped significantly. Consequently, people stopped buying goods and began saving for an uncertain future
Policymakers were fearful this would lead to what process? A) hyperinflation B) securitization C) disinflation D) deflation E) inflation
A top-down analysis of a firm starts with
A. the relative value of the firm. B. the absolute value of the firm. C. the domestic economy. D. -the global economy. E. the industry outlook.