List the eight key components of The Practice of Entrepreneurship.

What will be an ideal response?


The Practice of Entrepreneurship is designed so entrepreneurs can embrace and confront uncertainty rather than avoid it. The eight components include the following: identify your desired impact on the world; start with means at hand; describe the idea today; calculate affordable loss; take small action; network and enroll others in your journey; build on what you learn; and reflect and be honest with yourself.

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Over the life of a note, the maker of a note recognizes ____________ on the balance sheet and _____________ on the income statement

Fill in the blank(s) with correct word

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Which of the following represents a raw-material-exporting economy?

A) Papua New Guinea B) Democratic Republic of Congo C) India D) Egypt E) Philippines

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In a process costing system, unit cost is computed

A) on the basis of productive output for a period of time. B) for each job worked on. C) for direct materials costs only. D) only for the last production process.

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The ________ oversees union elections, prevents employers and unions from engaging in illegal and unfair labor practices, and enforces and interprets certain federal labor laws

A) National Labor Relations Act B) National Labor Relations Board C) American Federation of Labor D) Congress of Industrial Organizations

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