In a short essay, describe how an entrepreneur is like a jazz band leader
What will be an ideal response?
Answer: In a jazz band, the leader doesn't attempt to control every note that the performers play. Instead, the leader tries to get the best performers possible and put them in the best situation possible to perform.
A similar thing occurs with an entrepreneur who is looking to have employees who are creative and innovative. The entrepreneur can't try to orchestrate every move they make. Instead, the entrepreneur should simply put them in the best working situation possible, give them good problems to solve, and let them use their talents and skills to solve those problems.
Like a jazz band leader, the ultimate goal of an entrepreneur is to get employees to perform at the highest possible level. If he or she can get them to do this, then he or she has been successful.
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Assume that all of the life insurance policies listed below have a $50,000 face value, are sold by the same insurer, and have identical expense and mortality rates. Which of these, sold to a 27 year old female, should be the least expensive?
A) Term life B) Whole life C) Universal life D) Cannot be determined from the given information
A form of electronic money used on the Internet to pay for goods and services is
A) e-money. B) e-cash. C) a smart card. D) a virtual bank.