In general, why are entrepreneurs willing to take on the risk of starting a new business?
What will be an ideal response?
Answer: The possible rewards of business success outweigh the risks.
Explanation: With statistics showing that many affluent people are self-employed, the potential benefits of entrepreneurship are often considered to be worth the risks.
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When minor errors occur in the estimates used in the determination of depreciation, the amounts recorded fordepreciation expense in the past should be corrected
a. True b. False Indicate whether the statement is true or false
One of the most important sources of demographic information for marketers, which of the following provides free information on data such as how households are segmented by race, education, age, and occupation?
A. the U.S. Bureau of Labor Statistics B. the Social Security Administration C. Consumer Reports D. ACNielsen Company E. the U.S. Census Bureau
Which of the following is true regarding acceptance?
a. In the absence of a provision in an offer regarding how acceptance is to be made, acceptance is effective upon dispatch into a mailbox. b. Acceptance is never effective until it is received. c. An offeror may not by law specify that an offer can be accepted only by facsimile to a stated fax number and that the acceptance is not effective until actually received. d. An offeror may revoke an offer so long as the revocation is made before an acceptance is received.
The organizational culture is also called corporate culture.
a. True b. False