Which of the following mental habits inhibit creativity and innovation?
a. either/or thinking, stereotyping
b. functional perspective, mind-sets
c. security hunting, risks
d. stereotyping, incubation
Gazelles have been responsible for which of the following:
a. some job growth
b. 55 percent of innovations
c. 30 percent of all radical innovations
d. most job turnover
When this asset is purchased, the buyer should be sure to deduct those that they are
deemed uncollectible.
a. prepaid expenses
b. inventory
c. accounts receivable
d. equipment
Surveys include contact by
a. mail
b. telephone
c. personal interviews
d. all of the above
Name the pitfall described by the statement, ‘Engineers and technically trained people
are particularly prone to falling in love with an idea for a product or service.’
a. inadequate understanding of technical requirements
b. lack of venture uniqueness
c. no real insight into the market
d. lack of objective evaluation
Closely held ventures usually suffer from which of the following shortcomings?
a. a lack of management depth
b. overcapitalization
c. insufficient controls
d. internal conflict
Which of the following is a false statement about entrepreneurs?
a. They burn with the competitive desire to excel.
b. They see the cup half full rather than half empty.
c. They do not use failure as a tool for learning.
d. They are achievers.
The financial segment includes
a. the pro forma balance sheet.
b. the profit statement.
c. the cost statement.
d. the R & D statement.
Entrepreneurs
a. are driven by intense commitment and perseverance.
b. are egomaniacs.
c. loners who never fit in to typical firms.
d. are never satisfied.
It is usually more expensive to gather secondary data than primary data.
In some professional areas, the business plan is referred to as
a. a proposal for economic development.
b. an investment prospectus.
c. a strategic development project.
d. a and b only.
Transformational triggers in a corporate entrenpreneurial environment initiates the need
for
a. laying off workers.
b. strategically adapting to change.
c. changing company location.
d. achieving higher productivity standards.
Authoritarian management is being replaced by
a. networking.
b. independent contractors.
c. Japanese managers.
d. benevolent managers.
Product/market problems include which of the following?
a. venture capital relationship problems
b. unclear business definition
c. concept of a team approach
d. assuming debt too early
Besides the eight steps in the harvest strategy, the other implications that the
entrepreneur should be aware of when selling out are
a. tax implications arising from the sale of a business.
b. interest implications arising from the sale of a business.
c. security interests arising from the sale of a business.
d. home improvement implications arising from the sale of a business.
The principle objective of capital budgeting is to
a. minimize the risks of the firm.
b. maximize the value of the firm.
c. maximize the assets of the firm.
d. optimize the number of project requests.
A reason for lack of strategic planning has been found to be
a. lack of preference.
b. time sharing.
c. lack of expertise.
d. lack of dominance.
Planning entails the information of ______ and ______ for the future of a venture.
a. goals; directions
b. data; directions
c. data; market
d. goals; market
Social lending sites are different from so-called microlending sites.
Why did the Federal Trade Commission enact the Franchise Rule?
The pro forma income statement is prepared before the pro forma balance sheet.
The left hemisphere of the brain is responsible for logical and analytical skills.
Only new patterns of thinking lead to new ideas and innovation.