Imagine that you have started a company that provides training in real estate, focusing on house “flipping.” You are emphasizing the training aspect in your business. Explain how you would use reward-based crowdfunding or crowdsourcing to quickly expand your audience reach.
What will be an ideal response?
Access to the audience and travel expenses may be important to this type of business. Discounts for the training would be a good idea, especially if the supporter can help with transportation, training site, etc. Support in the way of “free follow-up” consulting might also be appropriate, as well as free training or free training for a family member. Rewards would be appropriate for both crowdfunding and crowdsourcing.
Learning Objective: 12.5. Define the four contexts for crowdfunding.
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One advantage of focus groups is synergism which results because the participants' feelings are similar to those of other group members; they feel comfortable and therefore willing to express their ideas and feelings
Indicate whether the statement is true or false
List two strengths and one weakness of the accounting rate of return capital budgeting method
What will be an ideal response
Garry is a member of a society that makes very few distinctions between people and groups. This is reflected in his company, the managers of which represent several different classes and cultures. The society to which Garry belongs is
A. low on cultural diversity. B. low on cultural pluralism. C. high on economic inequality. D. low on social stratification. E. high on race discrimination.
Which of the following statements is correct concerning interest expenditures incurred during the period of construction of capital projects?
A. The capitalization of interest expenditures as part of the cost of general capital assets reported in the capital projects fund is optional. B. Interest expenditures must be capitalized as part of the cost of general capital assets reported in the capital projects fund. C. Interest expenditures may not be capitalized as part of the cost of general capital assets reported in governmental activities. D. Interest expenditures may be capitalized as part of the cost of general capital assets reported in the governmental activities accounts at the government-wide level.