Why would anyone prefer to be an intrapreneur instead of an entrepreneur?
What will be an ideal response?
Intrapreneurs may not want to accept the risks of being an entrepreneur, but they may still have the drive and innovation to make differences in their organizations.
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Which of the following statements about marginal analysis is true?
A) Marginal analysis is typically a straightforward procedure to apply in real-life situations. B) An important factor in marginal analysis is predicting demand, which is an exact science. C) Marginal revenue is also the demand curve, so it represents the amount customers will buy at different prices. D) Profit is maximized at the point at which marginal cost is exactly equal to marginal revenue. E) The cost of producing a unit beyond the point when marginal cost equals marginal revenue is much less than the revenue from the sale of that unit.
Loss frequency is defined as the
A) probable size of the losses that may occur during some period. B) probable number of losses that may occur during some period. C) probability that any particular piece of property may be totally destroyed. D) probability that a liability judgment may exceed a firm's net worth.