Scenario A

question 8

Multiple Choice

Scenario A. Your roommate comes in after class to tell you, with great excitement, that she has decided to become an entrepreneur. Her reasons are these: First, she is a gambler so she believes this is a perfect match for her "personality." Second, she is an admitted "control freak". She is confident that all it takes is a good idea and that the money will surely follow. Finally, she made 650 on her SATs so her success, she feels, is a certainty.
-In lieu of high SAT or GMAT scores,which of the following is an important entrepreneurial characteristic?

• A)Creativity
• B)Motivation
• C)Self-reliance
• D)Ability to adapt
• E)All of the above

Calculate optimal shipping quantities to minimize transportation costs.

Understand and apply the concept of material balance equations in production planning.

Calculate optimal staffing and production schedules to minimize costs.

Evaluate pricing strategies based on demand elasticity to maximize revenue.