A common myth about entrepreneurship is that "Any entrepreneur with a good idea can ________ to fund his/her business."
A. use a skunkworks
B. go public
C. use formal control systems
D. start a franchise
E. raise venture capital
Answer: E
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Comfort Shoes received a promissory note from a customer on April 1, 2014 . The face amount of the note is $2,000; the terms are 12 months and 8% annual interest. At the maturity date, the customer pays for the note and interest. Comfort Shoes made the proper adjustment at the end of December for interest. The effect of recognizing the transaction on the maturity date is
a. A decrease to Cash b. An increase to Notes Receivable c. An increase to Discount on Notes Receivable d. A decrease to Notes Receivable
Conflicts with which of the following characteristics should be considered "easy to resolve" or be settled quickly?
A. situations involving large or big consequences B. situations involving long-term relationships with expected future interaction C. situations involving matters of "principle," such as values or ethics D. situations with disorganized, or weak leadership
If the bonds were issued at 97 on April 1 . 2014, the amount of the discount amortized on July 1 (using the straight-line method) would be approximately
a. $25. b. $76. c. $67. d. $152.
In a short essay, compare and contrast the roles of power and influence in ethical decisions.
What will be an ideal response?