After the prospective entrepreneur has gathered all of the necessary information, it is up to the _____ to make the final decision on the matter.

a. entrepreneur
b. entrepreneur and his or her financial advisor
c. board of directors
d. legal advisors


ANSWER: a

Business

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A business manufactures three similar products for eventual sale: J, K, and L. The selling prices are $30, $40, and $50, respectively. The variable costs of producing each are $25, $33, and $35, respectively. Each product must go through the same machine, and that machine is limited in its production to 1,800 hours per month. Product J takes 1 hour to process, Product K takes 2 hours, and Product

L takes 3 hours. What is the contribution per machine hour for product L? a. $15 b. $5 c. $3.50 d. $7

Business

In ______, the number of different cultures represented in the group are a mechanism through which the cultural backgrounds of work group members affect the way groups function.

A. relative cultural difference B. cultural diversity C. cultural norms D. cultural training

Business

When establishing corporate entrepreneurship in an organization rewards should: 

A. be tied to the parent company's stock performance B. not be changed from whatever current system is being used so that risk is encouraged C. be tied to the department in which the idea originated D. be tied to the performance of the entrepreneurial unit created from the idea

Business

The general standard to obtain an injunction is that the party seeking the injunction would suffer

irreparable injury without the injunction. Indicate whether the statement is true or false

Business