Define international entrepreneurship and describe one example of an international entrepreneur and his or her business.
What will be an ideal response?
International Entrepreneurship: the process of an entrepreneur conducting business activities across national boundaries and can include exporting, licensing, opening a sales office in another country, or advertising overseas.
Example of an international entrepreneur should include an instance of at least one of the items above.
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Chris wanted to get a loan from the bank, but he had bad credit. In order to get the money, he convinced Eric to cosign as a surety. Now Chris has stopped making the payments. When is Eric liable for repayment of the loan?
A. When Chris stopped making payments. B. Never, because Eric was not the one actually using the money. C. Only after the bank attempts to recover the full amount from Chris. D. At any point.
When sellers set prices after talking to competitors and engaging in collusion, they are involved in ________
A) interstate commerce B) comparative pricing C) price fixing D) skimming pricing E) price bundling
Solomon is currently meeting with his manager, Shayla, about his performance appraisal. He wants his nonverbal communication to convey to Shayla that he is open to her feedback. Which of the following things should he NOT do?
a. lean forward b. gesture frequently c. smile d. cross his legs
You must present yourself well during an employment interview
Indicate whether the statement is true or false