Scenario - Holly and Trent

question 19

Multiple Choice

Scenario - Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.
-With the entrepreneurial personality, Holly can be expected to have all of the following traits EXCEPT

• A) internal locus of control.
• B) tolerance for ambiguity.
• C) high need to achieve.
• D) patience.
• E) all of these.

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Definitions:

Direct Investment

The purchase or acquisition of a controlling interest in foreign businesses, assets, or properties.

Global Sourcing

The practice of seeking resources, goods, or services from the global market, typically to leverage cost advantages, expertise, or efficiencies.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio.

Global Economy

refers to the interconnected worldwide economic activities and exchanges that transcend national borders.