According to the Global Entrepreneurship Monitor (GEM) 2007 Study, About

question 44

Multiple Choice

According to the Global Entrepreneurship Monitor (GEM) 2007 study, about ________ of adults in the United States are either starting a business or are running a business that has been in existence for less than 3 1/2 years.

• A) 3.8 percent
• B) 7.5 percent
• C) 9.6 percent
• D) 12.0 percent
• E) 15.2 percent

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Definitions:

Leader-Member Exchange

A theory describing how leaders develop unique one-to-one relationships with each of the individuals reporting to them, influencing organizational outcomes.

LMX Theory

Leader-Member Exchange Theory, which focuses on the relationship between leaders and each of their subordinates as unique dyads.

Flawed Plans

Strategies or proposals that contain mistakes, oversights, or deficiencies, rendering them ineffective or problematic.

Challenge

A task or situation that requires someone to use their skills and abilities to overcome obstacles and achieve a goal.