Tutor profile: Joe M.

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Joe M.

Student at the University of Minnesota, Carlson School of Management

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Bio Questions

Questions

Subject: Personal Finance

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Question:

What is a Roth IRA?

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Joe M.

Answer:

A Roth IRA is a retirement account for US citizens that is tax-exempt when taking funds out, if certain requirements are met.

Subject: Entrepreneurship

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Question:

What is the difference between an entrepreneurship and a professionally-managed firm?

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Joe M.

Answer:

An entrepreneurship is typically a smaller, more flexible organization that depends on the entrepreneur for the majority of guidance and decision-making. A professionally-managed firm is an organization that has graduated from an entrepreneurship and has shifted its guidance and decision-making onto structured systems that are not wholly dependent on the entrepreneur.

Subject: Business

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Question:

What is a core competency in business?

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Joe M.

Answer:

A core competency is a fundamental business practice that derives from a combination of a valuable resource and a capability that is unique to the firm.

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