Describe why you do or do not believe that writing a business plan would be important to your business success.
What will be an ideal response?
: It will help clarify the elements of the business. Important research is conducted in the process of preparing your business case and can save the entrepreneur time and money if he or she discovers that the plan is not solid. It may be needed for any pitch to investors. Businesses with plans are more likely to be implemented. However, they may not be needed and the entrepreneur can use the time to gather information and start the business. Research shows that business plans are not correlated with success.
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Adjusted exponential smoothing is an exponential smoothing forecast adjusted for seasonality
Indicate whether this statement is true or false.
Exaggerating the quality of merchandise is called
a. fluffing. b. puffing. c. luffing. d. ruffing.
The "impostor rule" is an exception to the general rule that negotiation of an order instrument requires a valid indorsement by the person to whose order the instrument is payable
Indicate whether the statement is true or false
In January 2014, Professor Noe entered into a contract with State University. She agreed to teach full time during the 2014-2015 academic year. Professor Noe died on May 31, 2014. Her estate A) is obligated to find another person who will agree to teach during the academic year
B) is discharged from any further obligations under the contract. C) will be discharged from any obligations under the contract only if it can be shown that her death was unexpected. D) will not be discharged. If the University has to pay more in order to hire a comparable substitute professor at the last minute, then the estate will be responsible for the difference in pay.