Reference no: EM132201547
1. The goal for the sales team at the auto dealership was to sell one new car per day every day of the month. In August the team sold 33 cars. What should management do?
a. Celebrate. Any achievement beyond the goal is deserving of a celebration.
b. Revise the goal. If the team sold more than the goal, obviously the goal is too low
c. Wait. See if the performance is duplicated next month before taking any action.
d. Nothing. The deviation is insignificant.
2. Under the theory of agency law, the agent is required to follow whose instructions?
The principal
The organizer
The incorporator
The subagent
3. True or False. You can only be a successful entrepreneur if you “know the right people” and are inflexible about your ideas because you are “always perfect in your decisions.
4. True or False. Many great business leaders are entrepreneurs and began out of necessity-based entrepreneurship. An example would be Jeff Bezos of Amazon who began his business out of his garage.
5. True or False. Tolerance is just the beginning for a real appreciation and understanding of other cultures.