The Savvy Entrepreneurial Firm Feature in Chapter 9 Focuses on "Lifehacks

question 72

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 9 focuses on "lifehacks." According to the feature, a "lifehack" refers to any trick, shortcut, ability, or novelty method that increases a person's ________, efficiency, and effectiveness in both his or her personal life and career.

• A) productivity
• B) longevity
• C) exitability
• D) networkability
• E) profitability

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Definitions:

Times Interest

A financial ratio that measures a company's ability to meet its interest payments based on current earnings. Often referred to as the interest coverage ratio.

Stock Market

A public market for the trading of company stock and derivatives at agreed upon prices.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit.

Residual Income

Another term for economic value added (EVA).