Answer the following statement(s) true (T) or false (F)
1. The concept of design thinking aligns with many of the facets of the practice of entrepreneurship.
2. The best way to discover latent needs is to interview people.
3. Divergent thinking and convergent thinking allow entrepreneurs to move from the abstract and the concrete.
4. Brainstorming requires that no idea be criticized until all ideas have been expressed.
5. Observation is defined in the text as an interpretation of a realization that provides a new understanding of human behavior.
1. True
2. False
3. True
4. True
5. False
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People with high ______ are responsive to social and interpersonal cues of others.
A. self-esteem B. self-monitoring C. locus of control D. self-efficacy E. agreeableness
An old machine that originally cost $9,500 thus far has accumulated depreciation of $1,900 . The remaining useful life is four years, with no salvage value at the end of its useful life. A new machine is now available that costs $8,500, with a useful life of five years and no residual value. The old machine could be sold now for $5,900 . The annual cash operating costs for the old machine are
$5,000, but for the new machine they would be only $2,500 . Gross revenue from the products would be $12,000 annually for either machine. The company should a. keep the old machine to avoid a $5,900 loss on its disposal. b. keep the old machine to avoid a $1,700 loss on its disposal. c. replace the old machine. d. keep the old machine to avoid an $8,500 decrease in cash.
Which of the following items should not be used to measure the performance of a manager whose division "sells" to other divisions of the company exclusively?
a. Negotiated profit margin within the transfer prices b. Labor efficiency rates c. Corporate overhead allocations d. Variable costs of production
Which of the following is NOT one of the degrees by which the structure of the organization can be described?
A. Culture B. Complexity C. Centralization D. Formalization