Many entrepreneurs accept failure as part of the development and refinement process of their new idea, product, or process. They don't see the failure as the end but rather a valuable part of the learning process
They are also known for "thinking outside the box" to create innovative processes or products. They take risks and challenges and ultimately learn from the development process. Which of the following is most characteristic of entrepreneurs?
A) Learning goal orientation
B) Performance goal orientation
C) Cognitive complexity
D) Learning flexibility
A
Explanation: A) Learning goal orientation is consistent with several traits that entrepreneurs have. Individuals with this orientation are focused on taking risks and trying new things, even when those inevitable failures occur. When failures do occur, someone with a learning goal orientation tends to see it as a learning experience.
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Which one of the following statements about bond price is NOT true?
A) To compute a bond's price, one needs to calculate the present value of the bond's expected cash flows. B) The value, or price, of any asset is the future value of its cash flows. C) The required rate of return, or discount rate, for a bond is the market interest rate called the bond's yield to maturity D) Estimate the expected future cash flows using the coupons that the bond will pay and the maturity value to be received.