Entrepreneurs, in Part Because They Are Very Busy, Often Fail

question 86

Multiple Choice

Entrepreneurs, in part because they are very busy, often fail to use ________, resulting in inadequate margins to support growth.

• A) formal control systems
• B) a forward-thinking orientation
• C) an opportunity analysis
• D) venture capital
• E) total quality management systems

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Definitions:

Prejudice

Preconceived opinions or judgments about individuals or groups based on stereotypes rather than facts.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination against other cultures.

Ethnocentrism

The act of evaluating other cultures according to preconceptions originating in the standards and customs of one's own culture.

Screened Out

The process of eliminating candidates or options that do not meet certain criteria or standards.