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  • Entrepreneurs With High Tolerance For Ambiguity Need
    1,585 words
    Current economic research denies the innate characteristics of the entrepreneur. Rather than attributing economic growth and innovation to personality traits, economists would rather advocate a form of economic determinism: if an aggressive personality dominated an industry, economists try to explain the characteristics of the industry that made aggression a successful strategy. Economic models are contrived to remove the personality from the entrepreneur, to make all entrepreneurial decisions p...
  • Audit Risk Model
    819 words
    Introduction Organizations today face several business risks that can have an effect on their financial statements. The audit risk model is a tool that auditors use to help identify those risks. To better understand how the audit risk model can help identify risks, we will examine how the model can be applied to the Coca-Cola Corporation and the limitations of using the model. Components of the Model The audit risk model is composed of the equation, audit risk (AR) equals inherent risk (IR) time...
  • Risks And Possible Failure
    1,643 words
    Corrosion of CharacterFlexibilityFlexibility in the economy can be defined in numerous ways. According to Sennett to be flexible is to be able to adapt to changing circumstances and not to be broken by them. This idea of being able to adapt to changing circumstances can be applied quite easily to the economy and how we as a society or individual have to be accommodating and willing to change and roll with the punches. A few elements pertaining to flexibility are drifting, taking risks and possib...
  • Two Types Of Foreign Exchange Rate Risk
    862 words
    Today's world of rapid increase in and expansion of technology is the reasons for recent International Business growth. The rapid growth in international business makes an understanding of organizational behavior all the more important for contemporary managers. Businesses have expanded internationally to increase their market share, as the domestic markets were too small to sustain growth. Business transactions are also becoming increasing blurred across national boundaries. Companies engage in...
  • Is A Small Business Owner An Entrepreneur
    1,333 words
    Is a small business owner an entrepreneur? In order to answer this difficult question, one must compare characteristics and understand the difference between small business owners and entrepreneurs. Additionally, one must establish baseline definitions of a small business and an entrepreneur. Clear-cut definitions vary on what categorizes a business as small in the government's eyes, thus, size standards have been established by the North American Industry Classification System Association (NAIC...
  • Risk Being A Failure Of The Business
    461 words
    The new age of business is here. There are so many opportunities for men and women to start a business. Though the road may be rocky the rewards can be sweet. However you have to address certain concerns before starting a business. There are so many risks and benefits associated with starting a new business organization. Starting a business carries with it a high risk. Either that risk being a failure of the business or success. The sad truth is that most businesses don't make it past two years....

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