Which of the following characteristics does a successful entrepreneur tend to possess?
a. Leadership
b. Drive
c. Self-confidence
d. All of the above
d. All of the above
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Rosewood Corporation produces a single product. The following cost structure applied to its first year of operations: Variable costs: SG&A $2 per unit Production $4 per unit Fixed costs (total cost incurred for the year): SG&A $14,000 Production $20,000 Refer to Rosewood Corporation. Assume for this question only that Rosewood Corporation manufactured 5,000 units and sold 4,000 in the current
year. If Rosewood employs a costing system based on variable costs, the company would end the current year with a finished goods inventory of a. $4,000. b. $8,000. c. $6,000. d. $5,000.
Which of the following is a major disadvantage of market data available on the Internet?
A) The cost of acquiring market data from the Internet is often prohibitive for smaller and medium-sized firms. B) The collection of data can take up several weeks and can be outdated when they are available. C) Significant amount of labor is involved in researching market data on the Internet and requires technical expertise. D) Blogs by individuals are often less reliable than data provided by market research firms.
Which of the following is not one of the benefits of the framework for addressing ethical dilemmas?
A. It makes explicit the issues underlying the ethical dilemma. B. It highlights the various stakeholders' perspectives. C. It aids in communicating the decision to others. D. It avoids the classic Catch-22 that companies can find themselves caught in when resolving ethical dilemmas ("damned if you do and damned if you don't"). E. It allows a company to justify its decision regarding people versus profits.
Explain the two perspectives of organizational culture. List the different culture types based on Competing Values Framework