17) Which of the following is a reason behind the failure of small businesses? A) coping with growth B) poor business concept C) high costs of start-up D) managerial experience E) overcapitalization

A team is much more than a group of people brought together. What factors contribute to effective teams? How might you go about building a high performing innovation team using this information?

Economic profits may result from:    a. innovation Ob. risk taking   c. exploiting market inefficiencies   d. all the above   e. a and b

Q. The MidNight Hour, a local nightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the nightclub business?