During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Fill in the blank(s) with the appropriate word(s).

Ans: creates a business plan

Business

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Insurance companies need a legal department for all of the following reasons EXCEPT:

(a) to review policy terminology before the coverage is marketed (b) to prepare the insurance company's financial statements (c) to help in the collection of subrogation recoveries (d) to defend liability claims against their policyowners

Business

Which of the following is least important to repurchase decisions of large American corporations?

A) The previous level of dividends. B) The tax consequences to shareholders. C) Lack of good investment opportunities for cash retained in the firm. D) The company is holding more cash than it would like.

Business