Nathan has been working with eight other colleagues on a special project to develop a groundbreaking product for consumer medical technology
The employees were selected by the company's CEO and have been given a secure floor in the facility and a hefty R&D budget. What term best describes this group?
A) opportunity entrepreneurs
B) entrepreneurial team
C) micropreneurs
D) skunkworks
E) intrapreneurs
Answer: D
Explanation: D) These employees do make up an entrepreneurial team and may be considered individual intrapreneurs, but being formally separated from normal operations to develop an innovative product qualifies the team as a skunkworks.
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You have a current balance sheet with liabilities of $50,000 and assets of $75,000. You estimate
that you will have to purchase a new vehicle next year for $20,000. You believe you will be able to pay 20% down and can finance the remainder through your bank. If nothing else changes, your pro forma balance sheet will show assets of ________ and liabilities of ________. A) $91,000; $66,000 B) $91,000; $54,000 C) $95,000; $66,000 D) $95,000; $70,000
The main advantage of the Roth IRA over the traditional IRA is the employer matching funds
Indicate whether this statement is true or false.