Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Once a company has become a public company, returning to private status is ____.
a. a way of raising more capital
b. easy to accomplish
c. not allowed by the SEC
d. a nearly insurmountable task
e. not allowed by the board of directors
The ____ in a professional network are the entrepreneur's acquaintances and business
contacts.
a. strong ties
weak ties
c. work ties
d. partners
e. mentors
The executive summary of the business plan should be no more than two pages long.
a. True
b. False
The chances of success are greater when the lead entrepreneur and the team share the
same ____ for the new venture.
a. advisors
b. skills
c. vision
d. network
e. status expectations
_____ is a technique whereby the entrepreneur breaks down a problem into its various
elements.
a. Attribute identification
b. Creative destruction
c. Restating the problem
d. The decision tree
e. All of the above
Stage seven of Norman Seeff's creative process represents the emotional fulfillment of
the original dream.
a. True
b. False
The ____ plan specifies the legal form of organization that the venture will take,
whether that be sole proprietorship, partnership, LLC, or corporation.
a. operations
b. marketing
c. financial
d. organization
e. industry
In some industries, particularly labor-intensive ones, the only way to achieve
competitive costs is to manufacture in a country where ____.
a. labor costs are level
b. labor costs are low
c. labor costs are high
d. laborers are paid by the hour
e. None of these choices
In the United States, ____ entrepreneurship is most prevalent.
a. opportunity-driven
b. efficiency-driven
c. factor-driven
d. necessity-driven
e. passion-driven
Entrepreneurs rely on their ____ for objective advice because they are not biased by a
prior history with the entrepreneur.
a. strong ties
b. weak ties
c. work ties
d. partners
e. mentors
The Law of Agency defines the terms employee and independent contractor ____.
a. on issues of taxation
b. on issues of education
c. in securing a loan
d. in securing private consultants
e. in securing grants
Founder's stock at issuance is probably valued at the lowest level it will ever be, relative
to an investor's stock value.
a. True
b. False
The value chain includes the ____.
a. investors
b. capital requirements
c. distribution channel
d. product/service design
e. employees
