Which of the following is an important question for the entrepreneur to ask when evaluating the venture capitalist?
a. How many deals has the firm actually made in this field?
b. Is the person a close relative?
c. Is the person wealthy?
d. Does person have a degree?
ANSWER: a
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Indicate whether the statement is true or false
Which process creates a homogeneous product through a continuous series of standard procedures?
a. batch process b. make-to-order process c. continuous process d. none of the above
Assume that the amount of time that it takes an employee to service a car at an oil change facility follows the uniform probability distribution between 21 and 38 minutes. What is the standard deviation of this distribution?
A) 4.91 B) 6.62 C) 9.75 D) 11.89
Debbie and Steve are discussing a lecture given by their ethics professor after class one day. The professor said that misstatements of earnings are always unethical. Debbie agrees with this situation, but Steve does not. What statement might Steve make to best support his point of view?
A. It depends on whether the statements lead to a modified or unmodified opinion B. It depends on whether a user relied on the financial statements C. It depends on whether the misstatements were made deliberately D. All are valid statements for Steve to support his point of view