BUSINESS HIGH SCHOOL

Which of the following would NOT be considered a characteristic of entrepreneurs?a. initiative
b. unimaginative
c. innovative
d. risk taker

Answers

Answer 1
Answer: the answer is b. unimaginative

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A master plan is devised forA. investments.
B. emergencies.
C. long-range goals.
D. short-term goals.

Answers

A master plan is devised for long-range goals. Thus, option C is correct.

What is a plan?

The plan was to make that the functions are performed in an ordinary and sequential manner. Managers must foresee future situations and be conscious of the current factors affecting their firm.

A master plan is an active documentation for long-term management that offers a design concept to direct potential expansion and improvement. Making connections between structures, social contexts, and the ecosystems around them is the goal of the structural plan.

Making intelligent choices: The plan gives information on current situations and tendencies so that stakeholders can help comprehend how their choices will affect the future. Therefore, option C is the correct option.

Learn more about plan, here:

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A master plan is devised for C) long-range goals 

How did vertical integration help the Carnegie steel business? A. It reduced the costs along the supply chain, from mining to transportation to manufacturing.
B. It gave the company a monopoly on the industry because it eventually owned its competitors.
C. It assigned one worker to a job, which helped reduce wasted time and speed manufacturing.
D. It provided quick and easy access to transportation methods, such as canals, rivers, and railways.

Answers

Vertical integration helped the Carnegie Steel business because it reduced costs along the supply chain from mining and transportation to manufacturing. Carnegie bought out coal fields, iron mines and railroad lines to ensure that he could control the raw materials and transportation lines.

Answer:

A. It reduced the costs along the supply chain, from mining to transportation to manufacturing.

Explanation:

In the Classical Theory, it is the price-wage-interest rate _____________ that restores the economy to full employment if Household or Business spending declines..

Answers

Answer:

flexibility

Explanation:

According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:

  • Flexible interest rates keeps the money markets (loans) in equilibrium.
  • Flexible wages keeps the labor market in equilibrium.
  • Flexible prices keeps the goods and services markets in equilibrium.

Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.

The R&D department at Parabola Inc. is developing innovative methods to develop products that would reduce resource wastage. Researchers follow a systematic technique and are encouraged to give unique perspectives regarding a new product development process. Unorthodox and apparently illogical methods of arriving at a solution are heartily welcomed. Which concept below best illustrates this scenario?

a) Brainstorming
b) Lateral thinking
c) Immersion
d) Speedstorming

Answers

Answer:

b) Lateral Thinking

Explanation:

Lateral thinking is the approach where creative and innovative ways are thought out. In this approach, problem solvers deliberately distance themselves from generic and classic approaches and thus try to come up with brand new ideas and not follow typical thinking patterns.

All the other options can be used to find solutions but they may not necessarily take this innovative approach.  

Hope that helps.

Items of value owned by a business are known as which of the following?

Answers

Answer:

Explanation:

Assets

A Target retail store in Phoenix, Arizona stocks CDs with Spanish-speaking singers because its shoppers want to buy this type of item, even though the typical Target store does not stock this item. This is an example of:

Answers

Answer:

Managing diversity.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

The example in this scenario depicts managing diversity because the product isn't tailored to a particular language rather it's multilingual.
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