Paul worked as an artisan at a furniture company where a set of artisans were required to produce a specific part of a product, and the product was later assembled. Paul quit his job and started a small furniture business where he crafts unique products based on the demands of his customers. He feels that the constant need to adapt and outperform himself keeps him focused and motivated to improve his craft. Which advantage of entrepreneurship is highlighted in the given scenario?
A. Greater financial success
B. Survival
C. Greater tractability
D. Challenge
Answer: D
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Martha is writing a letter to a movie producer. She has written a screenplay and wants to share it. Her letter ends with the words "Enclosed please find a copy of the script. Very truly yours, Martha." In terms of readability, what mistake did Martha make in her letter??
A) ?She used clichés. B) ?She used profanity. C) ?She used outdated expressions. D) ?She used very informal words.
In a competitive environment, the situation in which products that perform the same function compete against one another is referred to as ________ competition.
Fill in the blank(s) with the appropriate word(s).
The nurses at St. Mary's hospital are represented by the American Nurses Union. Recently, a second union challenged the representation authority of the American Nurses Union, claiming that they now have more support. The challenging union may also be called a _______________________________ union.
Fill in the blank(s) with the appropriate word(s).
What is group technology and what advantages are accrued from its use?
What will be an ideal response?