Which of the following statements is true of financing an entrepreneurial firm?
A. Microfinance involves lending sums ranging from $600-$1000 to start medium-scale businesses.
B. Countries that have low venture capital (VC) investment lack sources of informal investment.
C. Innovative entrepreneurship is usually not financed through formal investment.
D. Strategic investors demand collateral in return for financing the firm.
Answer: D
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Creative strategies refer to _______
A) the way marketers translate their messages into a specific communication B) the amount of creative content in a communications message C) the degree of innovation involved in the marketing of a product D) the novelty of a marketing communication E) the type of medium used to deliver a marketing communication
The supply chain perspective on technology suggests that:
a. network externalities are more likely to exist at the retail level than at the end-user level. b. creative destruction is more likely to apply among categories of adopters at the end-use level than elsewhere in the supply chain. c. supply and demand ultimately determine prices, just as in more conventional markets. d. incremental innovations are more likely to occur at the supplier level of the supply chain, while more radical innovations are likely to occur at the end-user level. e. although actual end-user behavior may not have changed significantly, major innovations at higher levels in the supply chain (i.e., at the level of suppliers) can be characterized as revolutionary.
The best way to reduce your anxiety about public speaking is to
a. hold tightly to the podium while speaking. b. pretend there is no one in the audience. c. be prepared. d. all of these choices.
Rorzex, Inc entered into a contract with Denzil under the terms of which Denzil would receive $20,000 if he stole trade secrets from the leading competitor of Rorzex. Denzil performed his end of the agreement by delivering the trade secrets. Rorzex now refuses to pay Denzil for his services. Denzil:
a. may recover based upon the express contract of the parties. b. may recover based upon a quasi-contractual theory in order to prevent the unjust enrichment of Rorzex. c. will be unable to recover, because this is an illegal contract. d. will be able to recover based upon promissory estoppel, because he has detrimentally relied upon the promises made by Rorzex.