Vision is an important element of entrepreneurial leadership because
A. a vision statement is part of the documentation used to obtain venture financing.
B. organizations cannot function without a detailed and operational vision.
C. the entrepreneur has to envision realities that do not yet exist.
D. banking institutions require it.
Answer: C
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Mattel teamed with Coca-Cola to market Soda Fountain Sweetheart Barbie. This is an example of ________
A) generic branding B) family branding C) franchising D) cobranding E) ingredient branding
Return on investment can be split into which of the following two measures?
A. Profit margin and net income. B. Residual income and operating income. C. Profit margin and investment turnover. D. Investment center income and profit margin. E. Investment center average assets and investment turnover.
________ occurs when people's expectations or predictions play a causal role in bringing about the events they predict.
A. Attribution B. The fundamental attribution error C. Double-loop learning D. The self-fulfilling prophecy
Which activity is not part of the operating cycle?
A. Paying employees for hours worked B. Purchasing goods from suppliers for resale to customers C. Collecting cash from sales on account made last month D. Repaying a bank loan used to purchase manufacturing equipment