Answer the following statement(s) true (T) or false (F)
1. An entrepreneur is a person with entrepreneurial characteristics who is employed within a large corporation.
2. Growth-oriented entrepreneurs have a high need for achievement.
3. Although growth-oriented entrepreneurs are persistent, they find handling skepticism difficult.
4. Approximately 30 percent of all new U.S. businesses fail within the first two years of operation.
5. Entrepreneurs face considerable business risk, but few other risks.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. FALSE
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Which of the following is a plausible marketing observation?
A) Marketing managers must spend a considerable amount of time talking to customers. B) New competitors' actions are easier to predict than existing competitors' actions. C) Customers can always tell you what products they want and what features they need. D) Unlike general societal trends, changes in customer tastes occur frequently.
Which of the following statements defines shoulder surfing?
a. Criminals physically confront consumers forcing them to reveal their valuable information. b. Criminals follow consumers to discover their buying habits. c. Criminals sneak into victims' homes and steal their information. d. Criminals watch consumers from a nearby location as they give credit card information over the phone
The breakeven point is the level of activity at which only variable costs are recovered
Indicate whether the statement is true or false
Steven Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 2018, the balance in the Investment in Nicole Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 2018, Nicole earned net income of $120,000 and paid cash dividends of $40,000. Previously in 2017, Nicole had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 2017; the remainder was sold in 2018. Additional sales were made to Steven in 2018 at an intra-entity selling price of $75,000. The goods in the intra-entity sales cost Nicole $54,000. Only 10% of the 2018 intra-entity purchases from Nicole had
not been sold to outsiders by the end of 2018.What amount of gross profit on 2018 intra-entity sales should Steven defer at December 31, 2018? What will be an ideal response?