Jenifer owns a bakery that specializes in preparing extravagant wedding cakes. She is a sought-after baker because of the quality and finesse of her products. Jenifer believes that the pressure of living up to the expectations of her customers and delivering quality products always keeps her on the edge and helps her to deliver her best. Which of the following advantages of entrepreneurship is highlighted in the given scenario?

A. Challenge
B. Independence
C. Survival
D. Flexibility


Answer: A

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Which of the following statements about small businesses is false?

A. Many small businesses struggle to compete with large firms. B. Almost half of all U.S. firms are small businesses. C. Most large firms began as small businesses. D. Small firms are a vital component of the U.S. economy. E. Small businesses can be both incorporated and unincorporated.

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With a time study approach, the:

A) nature of the task can be different with each replication, and the standards will still be good. B) skill of the observer is not very important. C) sample size is a function of the desired precision of the time estimate. D) sample size is typically larger than required for the work sampling approach.

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You have been accepted to study international economy at the European Central Bank (ECB) in

Frankfurt. You will need $10,500 every 6 months (beginning today) for the next three years to cover tuition and living expenses. Mom and Dad have agreed to pay for your education, and want to make one deposit today in a bank account earning 6% interest, compounded semiannually. How much must they deposit now so that you can withdraw $10,500 at the beginning of each semester over the next 3 years? A) $55,797 B) $54,187 C) $58,587 D) $56,639

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While the conceptualization step is important, the visualization step is the most important step in creating the advertisement.

Answer the following statement true (T) or false (F)

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