John and Ruby Couch Just Opened a Computer Store in a Small

question 8

Multiple Choice

John and Ruby Couch just opened a computer store in a small community.Before opening the store, they listened to their SBA counselor's warnings about the importance of having balanced experience-that is, marketing, finance, and personnel experience-in the computer-store business because

• A) their business is unlikely to grow and earn large business profits.
• B) the computer-store business is a fad.
• C) management know-how is insignificant to small-business success.
• D) small businesses survive large businesses by three years.
• E) about two out of three small firms close within five years of their founding.

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Definitions:

Independent Variables

are variables in an experiment that are manipulated by the researcher to observe their effect on dependent variables, crucial for establishing causal relationships.

Convenience Sample

A type of non-random sampling where participants are selected based on their availability and willingness to take part.

Naturalistic Observations

A research method where subjects are observed in their natural environment without any manipulation by the observer.

Cross-Cultural Psychologist

A psychologist who studies the ways cultural context influences human behavior and mental processes.