Two resources often in short supply for entrepreneurs are:
A. time and money.
B. raw materials and labor.
C. plant and equipment.
D. financial backing and creative genius.
Answer: A
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The Private Company Council (PCC):
a. sets accounting standards for private companies in the United States. b. sets accounting standards for IASB private companies. c. is funded by the SEC. d. serves an advisory role to the FASB.
Why is the failure rate for new products so high?
What will be an ideal response?
A large property and liability insurance company merged with a bank and then acquired a stock brokerage company. This type of merger and acquisition activity is categorized as
A) insurance company consolidation. B) cross-industry consolidation. C) financial risk management. D) insurance brokerage consolidation.
One advantage of open-ended questions in an interview is:
A) a significant amount of time can be devoted to each interviewee. B) the interviewee is restricted to providing just a few answers. C) previously unknown information can result. D) they work well when the answers to the questions are well known. E) they are not biased.