Entrepreneurship, Negotiation, Job Interviews, and Global Trade
Posted on Mar 22, 2025 in Business Administration and Management (BAM)
Entrepreneurship Essentials
- F 1. An entrepreneur is someone who organizes and operates a business without taking any financial risk.
- F 2. Successful entrepreneurs are considered to have unskillful management abilities.
- T 3. Entrepreneurs should have team leader abilities.
- F 4. The main characteristics of an entrepreneur are innate.
- T 5. Researchers believe that entrepreneurs are the ones who can have new solutions by making a profit.
- F 6. According to Schumpeter, entrepreneurs are ordinary people.
- T 7. Entrepreneurs look for capital among investors to raise capital to build the business.
- F 8. Angel investors only get a percentage of profit in return for their initial capital.
- T 9. Nowadays, different organizations support new entrepreneurs.
- T 10. The concept of entrepreneurship has been extended to different fields.
Negotiation Tactics
- T 1. Whatever you are discussing, the terms of negotiation are quite similar.
- F 2. Negotiators always feel comfortable when they are negotiating.
- T 3. They try not to show the outward sign of their feelings.
- T 4. When negotiating, you have to keep in mind what your break-even point is.
- T 5. If you are negotiating for someone else, you should know clearly what your clients want.
- F 6. Your clients always accept the deal you have negotiated.
- F 7. In a negotiation, you have the best position when you need them more than they need you.
- T 8. You should be patient and not get tired easily.
- T 9. If you get to outlast the other party, your chances are higher.
- T 10. When negotiating your salary, you should ask for more than you expect.
Job Interview Success
- T 1. Your behavior is essential in your first interview.
- F 2. The first impression is the last important thing in an interview.
- T 3. The clothes you are wearing in an interview should be nice.
- F 4. It’s unbelievable if you wear nice jeans for an interview. (Should be believable or acceptable)
- F 5. It doesn’t matter if you have bright, colorful streaks.
- F 6. Shaking hands firmly leaves no lasting impression.
- F 7. Don’t give compliments to the interviewer if it is a casual interview.
- T 8. Walking out with confidence will help you to be remembered.
Post-World War II Global Trade
- F 1. After the First World War, an agreement was established to improve international business.
- T 2. An agreement was taken to facilitate economic growth and lower trade barriers after the Second World War.
- T 3. The GATT facilitated agreements to remove trade restrictions.
- F 4. The WTO was created before the GATT.
- T 5. Many countries made bilateral agreements at the beginning of the 21st century.
- T 6. Low-cost commercial networks have brought competition to the market.
- F 7. Computers have performed a negative influence on the growth of globalization.
- F 8. The Great Recession in the 2000s had no consequences on the industrialized world.
- T 9. A complex web of forces and factors is offered by globalized society.
- T 10. Multinational enterprises have been formed by international business agreements.