Select one:
a. Limited liability and easier to raise capital.
b. Unlimited liability and easier to raise capital.
c. Limited liability and easy to raise capital.
d. Limited ability and easier to raise capital.
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The correct answer is: Limited liability and easier to raise capital.
MARKET TRIGGERED INNOVATIONS include:
Select one:
a. New regulations and Deregulations
b. User maturity and user familiarity with new technologies
c. New residential and commercial geographies - Evolution of towns into cities and new user preferences
d. all of the above
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The correct answer is: all of the above
According to Hoffman Entrepreneurs are:
Select one:
a. those persons (business owners) who seek to generate value, through the creation or expansion of
economic activity, by identifying and exploiting new products, processes or markets.
b. those persons (business owners) who seek to generate value, through the creation or expansion of
economic activity, by exploiting new products, processes or markets.
, c. those business entities who seek to generate value, through the creation or expansion of economic
activity, by identifying and exploiting new products, processes or markets.
d. those persons (business owners) who purchase value, through the creation or expansion of economic
activity, by identifying and exploiting new products, processes or markets.
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The correct answer is: those persons (business owners) who seek to generate value, through the
creation or expansion of economic activity, by identifying and exploiting new products, processes or
markets.
There are essentially four traditional forms of business ownership in North America:
Select one:
a. the sole proprietorship, the partnership, the corporation, and the cooperative.
b. the sole proprietorship, the social partnership, the corporation, and the cooperative.
c. the collective proprietorship, the partnership, the corporation, and the cooperative.
d. the sole propertyship, the partnership, the corporation, and the cooperative.
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The correct answer is: the sole proprietorship, the partnership, the corporation, and the cooperative.
Disadvantages of the Cooperative Include:
Select one:
a. Decision making can be slow and there is a high risk of conflict between members.
b. Decision making can be thorough and there is a moderate risk of conflict between members.
c. Decision making can be slow and there is a low risk of conflict between members.
d. Decision making can be slow and there is a low-to-moderate risk of conflict between members.
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