It Usually Is a Positive Thing If Entrepreneurs Build Relationships

question 14

Multiple Choice

It usually is a positive thing if entrepreneurs build relationships with other business people,politicians,and community leaders in the markets in which they do business. The ability to build these relationships is known as

• A) creative intelligence.
• B) concept intelligence.
• C) social intelligence.
• D) long-term intelligence.
• E) mental rut.

Understand the key elements and importance of short-term financial planning in business operations.

Identify and describe various costs associated with maintaining inventory, including carrying and shortage costs.

Describe the operating cycle, cash cycle, and how they impact business operations.

Explain the concepts of cash flow, cash budget, and their significance in financial management.

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Definitions:

Moral Idealism

A personal moral philosophy that considers certain actions to be universally right or wrong, independent of the outcomes they produce.

Personal Moral Philosophy

An individual's set of beliefs, values, and principles that guide their understanding of right and wrong and influence ethical decision-making.

Ethical Behavior

Actions or practices conducted in accordance with recognized moral principles or standards, crucial in maintaining trust and integrity in business.

Whistle-blower

An individual who exposes illegal, unethical, or improper conduct within an organization, often risking their own career or well-being.