Maggie wants to start a fine dining restaurant in her town and dreams someday of having a chain of restaurants all over the country. She can be considered a growth entrepreneur because she ________
A) hopes that her restaurant will attract customers
B) believes that revenues from her restaurant will grow rapidly
C) plans to have her business expand beyond her original restaurant
D) understands that there is an increasingly large market for dining experiences
E) wants to be able to run her business out of her home
C
Explanation: C) A growth entrepreneur wants to expand his or her business. Maggie wants to open chains all over the country, which would be a large expansion. All entrepreneurs would like to attract customers and grow revenue.
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A) using differential pricing B) working with larger customer groups C) providing complementary services D) concentrating on physical evidence and presentation E) standardizing the service process
Debt guarantees are:
A. Considered to be an unearned revenue. B. Recorded as liabilities even though it is highly unlikely that the original debtor will default. C. Considered to be contingent liabilities. D. A bad business practice. E. Never disclosed in the financial statements.
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Answer the following statement true (T) or false (F)
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a. 500,000 barrels b. 1,000,000 barrels c. 2,000,000 barrels d. 40,000,000 barrels