In studying failure around the world, The Global Entrepreneurship Monitor report recognized three types of economies. Which one of the following represents an economy that is helped by more efficient processes, higher wages, and better product quality?
a. efficiency-driven
b. factor-driven
c. people-driven
d. innovation-driven
a. efficiency-driven
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Unlike stock or commodity exchanges, the foreign exchange market is NOT an organized structure; it has no centralized meeting place and no formal requirements for participation.
a. True b. False
When two or more individuals engage in an enterprise as co-owners, the organization is known as a
a. single proprietorship. b. corporation. c. partnership. d. closed corporation.
______ often leads to an “us against the world” mentality, causing group members to think they know better than outsiders even given evidence to the contrary.
What will be an ideal response?
Jeremy, a low-level employee at a textbook publishing company, is motivated by the fact that his manager often takes time to discuss his future in the publishing industry, suggesting interesting directions his job might take and offering him career assistance. Jeremy’s manager could be referred to as a ______ leader.
A) autocratic B) servant C) participative D) entrepreneurial