The three key factors for determining value in real estate are ____.
a. location, location, and location
b. economic base, financial incentives, and demographics
c. trade area, competition, and demographics
d. accessibility, cost of labor, and technology
e. location, competition, and cost
Discovery theory and creation theory help explain how entrepreneurial opportunities
happen.
a. True
b. False
Product- or project-focused organizations generally are highly ____ so that they can
respond better to market demands.
a. functional
b. decentralized
c. centralized
d. mobile
e. None of these choices
Both mission and purpose are derived directly from a company’s vision and ____.
a. ethics
goals
c. core values
d. purpose
e. strategy
Entrepreneurial ventures are not responsible for significant job creation.
a. True
b. False
The ____ plan focuses on issues related to processes the venture will own and
outsource, as well as where it will get its raw materials, and what type and quantity of
labor will be required.
a. operations
b. marketing
c. financial
d. growth
e. industry
In entrepreneurial parlance, MVP stands for most valuable player.
a. True
b. False
The single most important factor in the success or failure of founding teams is:
a. Achievement
b. Education
c. Intelligence
d. Communication
e. None of these choices
A reorganization of the finances of the business so that it can continue to operate and
begin to pay its debts is a/an ____.
a. Chapter 7 reorganization
b. voluntary bankruptcy
c. Chapter 11 reorganization
d. involuntary bankruptcy
e. Chapter 13 liquidation
To the new venture, teams of businesses in its network are also known as:
a. A sharing co-op
b. A trade area
c. Strategic Alliances
d. True partnerships with written agreements
e. None of these choices
Previously, IP assets were more valuable than physical assets; now that position has
reversed.
a. True
b. False
What are some challenges to creativity?
What are the added advantages of a partnership over a sole proprietorship?
What three things should a basic copyright notice include?
Define marketing and publicity. What is the relationship between the two?
Briefly discuss the production process.
What factors are important to consider when choosing a business site?
Define conflict of interest.
Briefly discuss the three primary characteristics of entrepreneurial ventures.