Which of the following sentences has a dangling/misplaced modifier?
A. Denver served pie to his guests on paper plates.
B. We have compiled a list of likely prospects.
C. Havent we been here before?
D. Our house is old, and we plan to sell it soon to the highest bidder.
E. Joe told the children a funny story before they went to bed.
Which of the following is true of creative business owners?
A. They implement an imitative strategy to their business.
B. They do not ask many questions.
C. They question and challenge the way things appear.
D. They give more importance to the problems they face rather than identifying
opportunities.
A businesss stakeholders, whose conflicting perspectives cause ethical and social
dilemmas, include
A) lenders
B) suppliers
C) owners
D) employees
E) all of the above
The largest contributor to productivity increases is __________, estimated to be
responsible for __________ of the annual increase.
A) management; over one-half
B) Mr. Deming; one-half
C) labor; two-thirds
D) capital; 90%
E) technology; over one-half
Which of the following questions in a typical I2P analysis provides information on
competing products?
A. How would you define the best initial set of customers?
B. What is your product or idea?
C. Can you develop IP protection for your idea?
D. What is the market and its size?
This questions tries to answer where there are competing products, you can get an idea
of the market size. While precise numbers are unlikely at this point, you need to have
some idea if we are talking about a market of hundreds, thousands, or millions.
The industry and market component of the feasibility study typically includes which of
the following components?
A. Sales revenue forecast
B. The competition
C. Writing a business plan
D. Writing a mission statement
The industry and market component of the feasibility study typically includes which of
the following components?
A. Sales revenue forecast
B. The competition
C. Writing a business plan
D. Writing a mission statement
The Ten Critical Decisions of Operations Management include
A) finance/accounting
B) advertising
C) process and capacity design
D) pricing
E) all of the above
_____ refers to a preliminary run of a business, sales effort, program, or Web site with
the goal of assessing how well the overall approach works and what problems it might
have.
A. Conversion rate
B. Pilot test
C. Incubation period
D. Commercialization
Pilot test is a preliminary run of a business, sales effort, program, or Web site with the
goal of assessing how well the overall approach works and what problems it might
have.
According to Graham Wallas description of the creative process, which of the following
is true of the incubation stage of a creative thought?
A. It involves exploring the problem or opportunity in all directions.
B. It involves the flow of ideas.
C. It involves the testing of the idea.
D. It involves putting the problem on the back burner.
RecycleAll Inc. is a company in Memphis, Tennessee, which recycles all the
biodegradable waste in the city. Being a staunch environmentalist, Francine, a resident
of Memphis, started up a small business that had tie-ups with all the schools and
colleges in the city to spread awareness on the importance of recycling. Which of the
following factors most likely led Francine to her business idea?
A. A similar business
B. A hobby
C. An education
D. A chance happening
_____ is a special set of observational and thinking skills that help entrepreneurs
identify good opportunities.
A. Screening ability
B. Incremental skill
C. Radical ability
D. Entrepreneurial alertness
Walter Shewhart is listed among the important people of operations management
because of his contributions to
A) assembly line production
B) measuring the productivity in the service sector
C) just-in-time inventory methods
D) statistical quality control
E) all of the above
Gibson Valves produces cast bronze valves on an assembly line, currently producing
1600 valves each 8-hour shift. If the productivity is increased by 10%, it would then be
A) 180 valves/hr
B) 200 valves/hr
C) 220 valves/hr
D) 880 valves/hr
E) 1760 valves/hr
When people find a way to turn their hobbies into successful businesses, which of the
following is most likely to be the source of their business idea?
A. Family and friends
B. Education and expertise
C. Serendipity
D. Personal interest
Which of the following are part of the Ten Critical Decisions of Operations
Management?
I. Design of goods and services
II. Managing Quality
III. Layout Strategy
IV. Marketing
V. Pricing of Goods and Services
A) I,II,V
B) I,II,IV
C) II,III,V
D) I,II,III
E) All of the above
Which of the following sentences is an example of incomplete construction?
A. I had studied hard for the test; however, I failed.
B. The children were noisy and ran around the house creating a mess.
C. She bought a shirt and a watch.
D. He walked confidently to address the congregation.
E. She was so happy with the party we gave her.