Describe the powerful assurances of the practice of entrepreneurship.
What will be an ideal response?
1. You will act sooner even when you don’t know exactly what to do.
2. For those things you can do, you will. For those things you cannot do, you will try.
3. You will try more times because at the early stage, trying is a low cost option.
4. You will fail sooner enabling better, higher-quality information to be included in future tries.
5. You will likely begin experimenting with many new ideas simultaneously.
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Which of the following is an appropriate guideline for effective negotiations?
A. One should keep in mind that during negotiations people have a desire to retain their positive identities. B. The ability to ask probing questions is important to keep the negotiations on track. C. Periodic status reports on what has been decided and what needs to be decided is an effective way of keeping negotiations on track. D. Listening carefully is extremely important. E. All of these
Why does the payroll process lend itself to batch processing?
In a principal-agent relationship, the parties agree that the principal will act on behalf and instead of the agent in negotiating and transacting business with third persons
a. True b. False Indicate whether the statement is true or false
Which of the following is a function that an intermediary is likely to provide for customers?
A. granting credit B. regrouping products C. reducing inventory costs D. providing delivery E. All these answers are correct.