Explain what is meant by the term "entrepreneurial orientation" or EO.
What will be an ideal response?
EO refers to the strategy-making practices that businesses use in identifying and launching corporate ventures. It represents a frame of mind and a perspective toward entrepreneurship that is reflected in a firm's ongoing processes and corporate culture. An EO has five dimensions that permeate the decision-making styles and practices of the firm's members: (1) autonomy, (2) innovativeness, (3) proactiveness, (4) competitive aggressiveness, and (5) risk taking. These factors work together to enhance a firm's entrepreneurial performance. But even those firms that are strong in only a few aspects of EO can be quite successful.
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The average costing method matches cost flow with the physical flow of production
Indicate whether the statement is true or false
When dealing with people from other cultures who seem uncomfortable with eye contact,
we should: a. take their discomfort as an indication of their honesty. b. try to maintain eye contact anyway. c. accept them as they are. d. all of the above.
The systematic approach to recruitment and selection has been criticised for being inappropriate in which of the following circumstances:
a. stability b. rapid change c. high levels of competition d. public sector organisations
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $925 and the company's tax rate is 25%. What is the component cost of debt for use in the WACC calculation?
A. 5.35% B. 5.58% C. 5.81% D. 6.04% E. 6.28%