Which of the following is a component of The Practice of Entrepreneurship?

a. create financial projections
b. take small action
c. write a business plan
d. get financing


b. take small action

Business

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Acme Global hired a contractor to replace all the carpeting in their executive offices. The company and the contractor agreed on a set price for the carpet installation. As the old carpet was removed, one of the Acme Global executives noticed that some subflooring needed replacing. He pointed it out to the contractor, who later fixed the subfloor along with the carpeting, under the assumption that this is what the company desired. The final bill to Acme Global included the original set price for the carpet installation plus the cost of replacing the subfloor. Even though the subfloor was outside the scope of the original contract, a court might find that Acme Global and the contractor have a ______ contract for the subfloor.

A. express B. implied C. quasi D. collective

Business

A total asset turnover ratio of 3.5 indicates that:

A. For every $1 in assets, the firm paid $3.50 in expenses during the period. B. For every $1 in assets, the firm earned gross profit of $3.50 during the period. C. For every $1 in sales, the firm acquired $3.50 in assets during the period. D. For every $1 in assets, the firm produced $3.50 in net sales during the period. E. For every $1 in assets, the firm earned $3.50 in net income.

Business

Daily operations of the EU are conducted by the

A. European Parliament. B. Council of the European Union. C. European Administrative Coalition. D. European Commission.

Business

Which of the following is the best way for Lawyer Larson's Paralegal Pat Patterson to introduce himself to a client?

A) "Hey, I'm Pat. I work for the lawyer." B) "Hey, I'm Pat Patterson. I just need to ask you some questions." C) "Hello, I'm Pat Patterson. I am a paralegal, assisting Lawyer Larson. I need to spend some time with you, asking you some questions about your matter." D) "Hello, I'm a paralegal. I need to ask you a bunch of questions before we can get started on your case."

Business