In a world of uncertainty, it is important that entrepreneurs be able to introduce new products and
Question:
“In a world of uncertainty, it is important that entrepreneurs be able to introduce new products and try out innovative ideas. But it is also important that unproductive projects be brought to a halt.” Evaluate this statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The statement In a world of uncertainty it is important that entrepreneurs be able to introduce new products and try out innovative ideas But it is al...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Microeconomics Private And Public Choice
ISBN: 9780357134016
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Question Posted:
Students also viewed these Business questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Consider an ideal dual-loop heat-powered refrigeration cycle using R-134a as the working fluid, as shown in Fig. P9.135. Saturated vapor at 200 F leaves the boiler and expands in the turbine to the...
-
Does the outcome in this case underscore the advantages or the disadvantages of the limited liability company form of business organization? Explain.
-
Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs System II) shows total...
-
How many times can you define a function?
-
Company produces one type of sunglasses with the following costs and revenues for the year: Total Revenues...............................................................................................
-
Suppose that Jane believes that lying is wrong, whereas Joe believes that lying is not wrong. What does Error imply about this disagreement?
-
1. Which P of the marketing mix should Tetra Pak concentrate on in the development of its global marketing plan? 2. Would it be relevant for Tetra Pak to work with Global Account Management (GAM)? If...
-
Will political officials be more likely to channel funds into wealth-creating projects than private investors and entrepreneurs? Why or why not? Discuss.
-
Suppose that you are considering whether to enroll in a summer computer-training program that costs $2,500. If you take the program, you will have to give up $1,500 of earnings from your summer job....
-
Saturated steam at 1 atm condenses on the outer surface of a vertical. 100-mm-diameter pipe 1 m long, having a uniform surface temperature of 94C. Estimate the total condensation rate and the heat...
-
Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an annual salary of $41,000...
-
Technician A says that the illustrations in service information should be studied carefully. Technician B says that service information abbreviations and ackromyms can be located in service...
-
What procedure is least likely performed during a CPA's physical inventory observation?
-
A microorganism is growing at its maximum specific growth rate. Conditions are the following: Time (d) Biomass (mg/L) 0 50 1 75 2 111 3 166 4 248 5 369 a) Calculate max b) What will be the biomass...
-
How do emerging technologies, such as the Internet of Things (IoT) and digital twins, revolutionize asset management practices, enabling real-time monitoring and predictive maintenance strategies to...
-
New tire retreading equipment, acquired at a cost of $110,000 at the beginning of a fiscal year, has an estimated useful life of four years and an estimated residual value of $7,500. The manager...
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
What are price indexes designed to measure? Outline how they are constructed. When GDP and other income figures are compared across time periods, explain why it is important to adjust for changes in...
-
Why might even real GDP be a misleading index of changes in output between 1950 and 2020 in the United States?
-
Suppose a group of British investors finances the construction of a plant to manufacture skateboards in St. Louis, Missouri. How will the construction of the plant affect GDP? Suppose the plant...
-
Write a C++ program (with two arrays) to: 1. Read up to 100 student numbers and test scores from the keyboard (provide a method to end the input before reaching 100 records); 2. Display the student...
-
What mechanisms underlie the process of desiccation in food preservation, and how does this method effectively inhibit microbial spoilage?
-
What is the process of filtration, and what are the underlying mechanisms that govern its functionality within various systems?
Study smarter with the SolutionInn App