The second step in planning a strategy of entrepreneurship for the enterprise is
a. identifying specific objectives.
b. sharing the vision of innovation.
c. applying the exact tools of the entrepreneur.
d. developing and encouraging innovation.
ANSWER: d
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Renee owns a small restaurant that sells hamburgers as one of its main attractions. She puts up a sign that says "Best Burgers in the County". Peter does an exhaustive investigation of all restaurants in the county and asks his friends to do the same. They all determine that actually a restaurant run by their friend Sam has the best burgers in the county. Peter tells Renee that unless she takes
down her sign, he is going to sue her for breach of warranty and false advertising. Renee tells him that he has no cause of action. Who is correct? a. Peter is correct so long as he and his friends can convince the jurors in a lawsuit that Sam has the best burgers. b. Peter is correct only if he can establish that Renee was aware that Sam's burgers actually taste better before she put up the sign. c. Peter is incorrect because Renee was engaged in "spoofing". d. Peter is incorrect because Renee was engaged in "puffing".
Millennialsoutnumber digital natives by one million people.
Answer the following statement true (T) or false (F)
The simplest teleconference, available on most public and private phones, is webconferencing.
Answer the following statement true (T) or false (F)
The standard labor rate is:
A. the expected hourly cost of labor, excluding employee taxes and benefits. B. the amount of time that workers should take to produce a single unit of product times the expected hourly cost of labor. C. the expected hourly cost of labor, including employee taxes and benefits. D. the amount of time that workers should take to produce a single unit of product.