If a startup budget is tight, a business idea's promise is likely to be determined by the entrepreneur's ability to
A. hire competent employees.
B. grow quickly.
C. test market reactions to gauge its odds for success.
D. capitalize on the availability of cutting-edge technology.
Answer: C
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_________________ is simply reasoning from an analogy; it is making an argument by comparing two cases.
a. Inductive reasoning b. Analogical reasoning c. Deductive reasoning d. Causal reasoning
Answer the following statements true (T) or false (F)
An argument in favor of unregulated markets is that because of private opportunities to contract for information, market intervention in the form of mandatory disclosure rules is both unnecessary and undesirable.
If both parties to an oral sale or lease contract are merchants, the Statute of Frauds requirement
can be satisfied if one of the parties sends a written confirmation and the other merchant does not object within 10 days of receiving the confirmation. Indicate whether the statement is true or false
To protect its trade secrets, Gnu Processes, Inc., may require employees that have access to the secrets to agree in their employment contracts not to
A. compete with Gnu. B. memorize the trade secrets. C. quit working for Gnu. D. think about the trade secrets after work.