Which Would Usually Not Be an Entrepreneurial Function

question 107

Multiple Choice

Which would usually not be an entrepreneurial function?

• A)introducing a new product in a business
• B)assuming uninsurable risks of owning a business
• C)combining and directing resources in an uncertain business environment
• D)managing the accounting department of a Fortune 500 corporation

Identify the reasons why accounts receivable and inventory, despite being liquid assets, may be considered inadequate collateral by lenders.

Describe the three basic types of secured inventory loans, including their advantages and disadvantages.

Understand the concept and definition of a trust receipt.

Understand the basic characteristics and types of bonds.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).

Groupthink

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Evolutionary

Pertaining to evolution, often used to describe biological or psychological theories that attribute the development of genetic traits and behaviors to natural selection and survival advantages.

Human History

The recorded events, societies, innovations, and significant changes over time that have shaped human civilization.