1.Not being afraid to delegating tasks- do not be afraid to delegate tasks to an experienced member of your company that has the ability to get tasks completed.
2. Listening and communicating well - avoid wasting priceless time repeating and redoing tasks due to poor communication.
3. Seeking help - don't be afraid to ask for help when needed it can help boost your level of communication within the business.
4. Open-minded- ask for advice, fear of failure can make it easy to grip onto your vision.
5. Constant flow of ideas- being a succesful entrepreneur is a lifestyle choice.
This scenario describes a supply chain. A supply chain can be described as a complex sequence of commercial activities with the end goal of providing products and services for consumers. The aforementioned scenario demonstrates exactly this: a sequence starting at early T-shirt production and ending at the T-shirt being ready for sale.
Answer:
A. A legal benefit and a legal detriment.
Explanation:
In contract law, consideration refers to the benefit element of value that must be bargained between the two parties.
Consideration always includes a legal benefit because you are going to receive some consideration from the other party, but it also involves a legal detriment because you are also giving away something of value (consideration) in exchange to the other party. E.g. you buy a hamburger (you receive food) but you must pay for it (you exchange money).
Answer:
D
Explanation:
Outsourcing refers to a practice where a firm seeks out an external party to provide services that would have otherwise been provided by staff of the firm. Here a customer assistance center in India is contracted. One of the advantages of outsourcing is that it results in cost savings.
However, confidentiality of company information could be compromised via outsourcing, and competitors could have access to trade secrets of such firms.
Answer: capital budgeting
Explanation:
The process of analyzing alternative long-term investments and deciding which assets to acquire or sell is known as Capital budgeting.
Capital budgeting is typically used by an organization or a business to know whether it will be worth it if an organization invest in an asset such as new plants, machineries, development projects etc and different alternatives are also considered in order to choose the best option.
