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____ is/are used to demonstrate that a company stands behind what it produces and the
work that it does.
a. ISO 9000
b. Warranties
c. Six Sigma
d. OEM
e. None of these choices
Which of the following would not be representative of good team member
communication?
a. Talking and listening for about the same amount of time
b. Talking over one another
c. Lively face to face conversations with team members
d. Back-channel or sidebar conversations
e. Back-channel or sidebar conversations
All of the following are examples of poor ethics except ____.
a. not reporting all cash receipts
b. cheating customers on price
c. failing to pay bills on time
d. getting to work late
e. lying to customers, employees, and suppliers
A license agreement is a grant to someone else to use the company's _____ and exploit
it in the marketplace by manufacturing, distributing or using it to create a new product.
a. Supplier
Distribution
c. Marketing plan
d. Customer base
e. Intellectual property
Enterprise zones are common locations for ____.
a. manufacturing
b. distributing
c. retail
d. wholesaling
e. restaurants
LLCs are becoming a popular vehicle for companies that may have global investors,
because the C-corporation does not permit foreign ownership.
a. True
b. False
____ is the process that moves an innovation from the laboratory to the market.
a. Commercialization
b. Invention
c. Transformation
d. Innovation
e. Marketing
Identifying a problem that potential customers have may lead to:
a. A market niche that has not yet been served
b. A potential improvement in an existing product
c. An opportunity for a breakthrough product or process
d. All of the above are correct.
e. None of the above is correct.
____ which is/are the means to execute the strategies, should also be put in place.
a. Capitalization
b. Some good tactics or action plans
c. Employees
d. A board of directors
e. A purpose
An entrepreneur who starts one business and then moves on to start another is classified
as a ____ entrepreneur.
a. portfolio
b. traditional
c. serial
d. nonprofit
e. None of these choices
