Salome Is Thinking About Starting a Small Business and Is

question 95

Multiple Choice

Salome is thinking about starting a small business and is trying to assess the potential opportunities and threats associated with a new start-up. She's talked with friends and associates about her plans, and several have offered her opinions and advice. The comments of four friends are summarized below. Which of these statements would probably be the most helpful to Salome?

• A) Don't worry about your lack of business experience and limited business skills. Entrepreneurs can make up for a lack of skills with enthusiasm and hard work.
• B) Hang in there. If a business is going to fail, it almost always happens in the first year. If you can stick it out for more than a year, you'll be on your way to success.
• C) Since your company will be small and new, it's important to impress your customers. Spend a lot of money on upscale offices and state-of-the-art equipment to create a "wow" factor.
• D) Find a market segment that you can profitably serve but which is too small to attract larger companies.

Identify the myths and misconceptions about poverty.

Comprehend the measures used to calculate low-income cutoffs and poverty lines.

Understand the mechanisms of occupational and intergenerational mobility.

Evaluate the effectiveness of social policies in addressing poverty.

---

Definitions:

Temporary

Describes data, files, or elements that are intended to exist or be used for a short period of time and then deleted or disposed of.

Query Design View

Interface in databases that allows users to create queries visually by selecting tables, fields, and criteria.

Query Results

The output produced after executing a query in a database management system, showing the data that matches the query criteria.

Query Design View

A graphical interface in database applications that enables users to create or modify queries through a visual representation of tables, fields, and joins.