Cost - 2905 Words

Each and every person has the potential and free choice to pursue a career as an entrepreneur. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. Determining a person’s â€Å"entrepreneurial perspective† is an exact science. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 4. Entrepreneurs are pessimists who see the cup half empty, rather than half full.†¦show more content†¦ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 23. There are four causes of entrepreneurial stress. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 24. Immersion in business can be cured by limiting work to an eight hour day. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 25. The need to achieve can be a source of stress for entrepreneurs. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 26. Stress on the entrepreneur can be caused both internally and by other people. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 27. The entrepreneur is driven by a strong desire for control over their venture. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 28. The â€Å"dark side† of entrepreneurship refers to the stress that entrepreneur’s experience. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 38 29. Entrepreneurs always know that they as individuals must remain less important than the venture. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 30. Entrepreneurs like to remain alert to competition, customers, andShow MoreRelatedThe Cost Of Cost Costing934 Words   |  4 Pagestime, abridged, and after that designated to the greater part of the units delivered amid that time of time on a predictable premise. At the point when items are rather being produced on an individual premise, occupation costing is utilized to amass costs and appoint the expenses to items. At the point when a creation procedure contains a few mass assembling and some modified components, then a crossover costing framework is utilized. Cases of the businesses where this kind of creation happens incorporateRead MoreThe Cost Of Cost Management1086 Words   |  5 PagesSouthern University â€Æ' Introduction Cost management is worried with the way toward arranging and controlling the financial plan of a project or business. It incorporates activities, for example, arranging, evaluating, planning, financing, funding, overseeing, and controlling costs so that the project can be finished inside the affirmed spending plan. Cost management covers the full life cycle of a project from the underlying arranging stage towards measuring the genuine cost execution and project completionRead MoreCost Concepts Of Costs, And Traditional And Modern Theories Of Cost850 Words   |  4 PagesCost Theory: Introduction: The firm’s Costs determine its supply. Supply along with demand determines price. To under-stand the process of price determination and the forces behind supply, we must understand the nature of Costs. We study some important concepts of Costs, and traditional and modern theories of Cost. Contents: 1. Introduction 2. Cost concepts 3. The Cost Function 4. Cost-Output Relation 5. The Modern Theory of Costs 6. Economies of Scale and the LAC Curve 7. 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Usually, these costs are developed from previous performances of the company through a historical data analysis or the current trends that the company is registering. Standard cost estimates are the starting point for determining the company’sRead MoreImplicit Cost Of An Explicit Cost Essay1304 Words   |  6 PagesExplicit costs are expenses/payments that are actually made and frequently recorded. They mirror payment for a business transaction, such as salaries, rent, and utilities.(OpenStax Economics, 2016). Implicit costs being intangible are not frequently recorded. This sort of cost mirrors a potential opportunity, advantages, or points of interest that may have happened in a given circumstance. (OpenStax Economics, 2016) EXAMPLES OF WHEN AN EXPLICIT COST IS DIFFERENT FROM AN IMPLICIT COST 1. 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