Discuss similarities and differences of entrepreneurs and small business owners.
What will be an ideal response?
An entrepreneur pursues opportunities in either a new or existing business to create value, while assuming both the risks and the rewards for his or her efforts. Depending on the size of his/her business, an entrepreneur may also be a small business owner in that a generalized definition of a small business is one with geographically localized operations, fewer than 100 employees, and equity financing provided by no more than a few individuals. With proper application of entrepreneurial principles, a small business owner may actually grow his or her company enough to be larger than this definition.
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The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$7255?Inventory of postage stamps$82?Money market fund balance$13,200?Petty cash balance$430?NSF checks from customers returned by bank$947?Postdated checks received from customers$591?Money orders$1057?A nine-month certificate of deposit maturing on December 31 of current year$8800??Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $21,914 B. $17,542 C. $21,832 D. $20,885 E. $21,942
LexisNexis is an example of
A) a media audit bureau. B) a mass media conglomerate. C) a commercial search engine. D) a media research service. E) connector list generation software.
What is the probability that Product B will being purchased by the smaller company?
A small entrepreneurial company is trying to decide between developing two different products that they believe they can sell to two potential companies, one large and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company won't purchase it, then they think they have an 80% chance of placing it with a smaller company, with sales of 15,000 units. On the other hand if they develop Product B, they feel they have a 40% chance of selling it to the large company, resulting in annual sales of about 17,000 units. If the large company doesn't buy it, they have a 50% chance of selling it to the small company with sales of 20,000 units. A) 0.8 B) 0.5 C) 0.4 D) 0.3
Why is an analysis of working capital important?
What will be an ideal response?