Entrepreneurship is
| A. | The seemingly discontinuous process of combining resources to produce new goods or services |
| B. | A project |
| C. | A service |
| D. | A product |
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Option: A Explanation : Click on Discuss to view users comments. |
The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is
| A. | Free trade area - FTA |
| B. | European community - EC |
| C. | General agreement on tariffs and trade - GATT |
| D. | The North American free trade agreement - NAFTA |
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Option: C Explanation : Click on Discuss to view users comments. |
"The entrepreneur is more than a manager. He or (she) is an innovator and promoter as well." Who said it?
| A. | George Gilder |
| B. | Forrest H. Frantz |
| C. | Joseph A. Schumpeter |
| D. | Peter F. Drucker |
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Option: B Explanation : Click on Discuss to view users comments. |
Which statement is true?
| A. | Venture capital is outside equity that comes from professionally managed pools of investor money |
| B. | Temporary working capital is the amount needed to meet seasonal or cyclical demand |
| C. | Permanent working capital is the amount needed to produce goods and services at the lowest point of demand |
| D. | All of the above |
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Option: D Explanation : Click on Discuss to view users comments. |
