COLLEGE LEVEL: Respond to each Question in detail. Your Overall response should have a combined total not more than 1000 words for the entire exams.
1. a) Briefly describe the evolution of the term entrepreneurship.
b) What are the 10 myths associated with entrepreneurship? Debunk each.
2. a) What is the micro view of entrepreneurship
b) What are the schools of thought that use the micro view of entrepreneurship?
3. a) Entrepreneurship has a “dark side.” What is meant by this statement? State and explain them. Be complete in your answer.
b) Entrepreneurship has a “dark side.” What is meant by this statement? Be complete in your answer.
4. a) What is Social Entrepreneurship?
b) How do the following organizations impact international entrepreneurship:
NAFTA:
WTO:
EU:
5. a) How does Social Entrepreneurship help the society. Give examples?
6. b) What is OPEC and Give examples
7. a) What are the major sources of innovative ideas? Explain and give an example of each
b) What are four major types of innovation?
8. Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.
9. List four major types of problems that new ventures confront.
10. Define the following Terms:
a) Franchise
b) Franchisee
c) Franchisor
Answers: 1
Business, 21.06.2019 16:10
Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]
Answers: 1
Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
Business, 22.06.2019 13:10
Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.
Answers: 3
Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
COLLEGE LEVEL: Respond to each Question in detail. Your Overall response should have a combined tota...
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