Explain how an entrepreneurial mindset is related to entrepreneurial action.
What will be an ideal response?
: As entrepreneurship demands practice to achieve success, the right mindset is necessary for that practice to be successful. When people believe they can succeed, they’re more likely to pursue the right activities to make that happen.
Learning Objective: 3.6. Relate the mindset for entrepreneurship to entrepreneurial action.
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Which of the following is an example of having direct involvement when entering a competitive market?
A) using independent agents B) using wholesalers C) using distributors D) using retail stores
Because readers can be skeptical of online content, which of the following will help increase the trust level?
A) Content that is updated on a regular basis B) Content that uses bold headings and colorful links to improve readability C) Content that has been adapted to a global audience D) Content that is accurate, current, complete and authoritative E) Content that has an extensive history that can be viewed
Royer Corporation engaged in this transaction: Transferred cash to money market account. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
a. Does not represent a cash flow b. Operating activities section c. Investing activities section d. Financing activities section
An employee likes to be in charge of his own work and to delegate work to others as he sees fit, but he prefers not to interact with others and can be hostile to collaboration. He also rarely seeks promotion, content to stay in the same job. How would David McClelland describe him?
What will be an ideal response?