From the profiles below, identify the person who is most likely to become a successful entrepreneur.
A. Percy enjoys challenges, has a strong social network, has good knowledge of management techniques, and possesses excellent business skills.
B. Liam is creative, embraces new ideas and products, and likes to motivate others but prefers working by himself.
C. Kaitlin likes to invent new products, enjoys working in the laboratory, and avoids conflict whenever possible. She has little knowledge of business.
D. Dot has an MBA and has been a manager in a corporate office for ten years. She likes a job to be well done and works best when she plans ahead.
E. Sarah has strong marketing and selling skills, and loves challenges in these areas.
Answer: A
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An ethics ombudsperson:
A. handles all negative publicity for an organization. B. interacts with the organizational stakeholders on a daily basis. C. is also called a whistle-blower. D. is an official who assumes the role of corporate conscience. E. writes the company's code of ethics.
Lisa goes to an electronic goods store to purchase a washing machine. After comparing the various brands of washing machines available, their functions, prices, and so on, she purchases one that is cheaper and smaller than the rest. I In this case, Lisa has purchased a(n)__________.
Fill in the blanks with correct word.
Which of the following statements comparing traditional and Roth IRAs is false?
A. For a 57-year old individual, the maximum allowable contribution to either type of IRA is $7,000. B. Contributions to traditional IRAs may be deductible; contributions to Roth IRAs are nondeductible. C. Individuals may have to pay a premature withdrawal penalty from either type of IRA. D. Individuals who have reached age 70½ must begin liquidating either type of IRA.
A primary purpose of restricting the investment of idle cash balances to money market instruments is to:
A. obtain government guarantees on the investment. B. maximize possible capital appreciation. C. minimize transaction costs. D. minimize interest-rate risk.