NURSING MISC /;MCADAM AND PARKINSON/; RATED A
1. Question: The commercialization of the results of technology combined with a social need is called .
2. Question: The earliest writings about ethical concepts are at
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NURSING MISC /;MCADAM AND PARKINSON/; RATED A
1. Question: The commercialization of the results of technology combined with a social need is called .
2. Question: The earliest writings about ethical concepts are attributed to .
3. Question: All of the following are skills needed by the entrepreneur, except .
4. Question: When would an entrepreneur be pronounced to have recovered from the grief of a lost business?
5. Question: In the loss-orientation process of grief recovery, when are painful memories likely to dominate most?
6. Question: Entrepreneurial management differs from traditional management in all of the following ways, except:
7. Question: In the light of commitment towards opportunities, traditional firms, unlike entrepreneurially managed firms, place considerable emphasis on .
8. Question: With reference to management structure, which following option is an example of an internal network for an entrepreneurially managed firm?
9. Question: The management structure of an entrepreneurially managed firm is .
10. Question: Authors or publishers of software are protected under .
11. Question: Trade secrets are protected:
Points Received: 2 of 2 Comments:
12. Question: Licensing can be used by the entrepreneur to:
13. Question: The executive summary section should:
Your Answer: Be prepared before the total plan is written Highlight key financial milestones that have been achieved Be about two to three pages in length CORRECT
Try to summarize every section of the plan
Points Received: 2 of 2 Comments:
14. Question: By controlling , the firm can ensure maximum service to the customer.
Your Answer: Production Sales
Inventory CORRECT Costs
Points Received: 2 of 2 Comments:
15. Question: To assess the potential profitability of a venture, the entrepreneur needs to ascertain expected sales and expense figures for the first .
Your Answer: Month Year CORRECT
Quarter Three years
Points Received: 2 of 2 Comments:
16. Question: Market segmentation is the process of:
Your Answer: Dividing the market into smaller homogeneous groups CORRECT Describing market conditions
Presenting future opportunities Exploring new market opportunities
Points Received: 2 of 2 Comments:
17. Question: Manufacturer's representatives are marketing middlemen that:
Your Answer: Are paid a commission when a sale is made CORRECT Take physical possession of the product
Work exclusively for the entrepreneur
Take title and physical possession of the product
Points Received: 2 of 2 Comments:
18. Question: Business-to-business marketing involves:
Your Answer: Sales to households for personal consumption
A more direct channel of distribution than consumer markets CORRECT Selling products such as household furniture
Selling products and services through certified representatives
Points Received: 2 of 2 Comments:
19. Question: In a limited liability company:
Your Answer: owners are called shareholders. INCORRECT members may transfer their interests at any time.
members are not allowed to share income, profit, expense, deduction, loss and credit among themselves.
laws governing its formation differ from state to state. CORRECT ANSWER
Points Received: 0 of 2 Comments:
20. Question: To build a successful organization culture the entrepreneur: Your Answer: Should focus and not try out different things
Needs to remember that it is easier to change a person's attitude than it is to change the person's behavior
Should spend extra time in the hiring process CORRECT ANSWER
Must create a workplace where communication from the top down is encouraged INCORRECT
Points Received: 0 of 2
Comments:
21. Question: The basic balance sheet relationship is:
Your Answer: Assets plus owner's equity equal liabilities Assets equal liabilities plus owner's equity CORRECT Assets plus liabilities equal owner's equity
Assets equal owner's equity minus liabilities
Points Received: 2 of 2 Comments:
22. Question: Which of the following would not be a current asset?
Your Answer: Certificates of deposit that mature in six months Customer receivables
Cash
Supplier bills payable in thirty days CORRECT
Points Received: 2 of 2 Comments:
23. Question: Profit from the business would be included on the balance sheet in which section?
Your Answer: Assets Liabilities
Owners equity CORRECT Assets or liabilities
Points Received: 2 of 2 Comments:
24. Question: is the volume of sales needed to cover total variable and fixed costs.
Your Answer: Cash flow Breakeven CORRECT Revenue
Depreciation
Points Received: 2 of 2 Comments:
25. Question: If the total fixed costs are $850,000, the sale price is $110 and the variable cost per unit is 25, what is the breakeven volume?
Your Answer: 17,000
10,000 CORRECT
7,000
1,000
1. Question: Which of the following statement is (are) true?
Your Answer: Most countries have laws and court p
protecting intellectual property such a United States.
Civil laws tend to be relatively nonsp Laws of a country regulate the man business transactions are executed. Global entrepreneurs cannot specify i that any contract disputes will be hear another country.
2. Question: It is a practice in some cultures to hug and even kiss when greeting a known business partner. What aspect of nonverbal language is being referred to in the above example?
Your Answer: Time
Business relationship
Space
Customs
3. Question: Which among the following influences whether customers are able to use the good or service properly and whether they are able to understand the firm's advertising or other
promotional messages?
Your Answer: Political philosophy
Education
Manners and customs Religion
4. Question: The free trade zone between the Americas, Argentina, Brazil, Paraguay, and Uruguay is
.
Your Answer: The Mercosul trade zone
GATT NAFTA
The European Community
5. Question: The North American Free Trade Agreement (NAFTA) is between which of the following countries?
Your Answer: United States, Brazil, and Canada
United States, Mexico, and Brazil United States, Argentina, and Brazil United States, Canada, and Mexico
6. Question: measures the total value of the goods and services produced annually by a country.
Your Answer: Balance of trade
Gross national product
Purchasing power parity
Consumer price index
7. Question: In emerging industries:
Your Answer: Environmental factors do not affect c
Entrepreneurs confront demand certai Environmental changes are highly l It is easier to respond effectively to su
8. Question: First movers face .
Your Answer: Market rigidities Demand uncertainty Cost disadvantages High entry barriers
9. Question: By delaying entry, late movers:
Your Answer: Can learn from the actions of first
incurring the same costs
Have less information about market d Secure the window of opportunity Can avoid high entry barriers
10. Question: Inventory control:
Your Answer: Is not necessary for small firms
Eliminates the need to carry inventor Balances the cost of carrying inven cost of lost sales
Requires a computerized inventory sy
11. Question: A(n) is a system for storing and using customer information.
Your Answer: Market grid
Database
Inventory Spreadsheet
CORREC
T
12. Question: Entrepreneurs who have the necessary abilities for the transition to more professional management practices and the aspiration to grow their business:
Your Answer: Have little potential for firm growth
Will achieve growth only if the entrep himself or herself with a professional Are the most likely to achieve grow Usually form life-style firms
13. Question: Market growth indicators generally center on .
Your Answer: Population
Types of companies Gross domestic product
Market for a specific product
14. Question: Problems when collecting international secondary data are accuracy, availability,
comparability, and
.
Your Answer: Legality
Adaptability
Relevance INCORRECT
Cost CORRECT ANSWER
15. Question: McDonald's acquiring its store franchises is an example of a
.
Your Answer: Horizontal merger Market extension merger Vertical merger
Product extension merger
16. Question: Which of the following is not
one of the five C's of lending?
Your Answer: Character
Caution
Conditions Capacity
CORREC
T
17. Question: In limited partnerships:
Your Answer: The liability for any loss incurred is
company
There is no special tax benefit for par The sponsoring company acts as th partner
The sponsoring company does not ret any base technology to develop other
18. Question: Most established R&D limited partnerships:
Your Answer: Allow a minimum amount of equity
Are successful
Increase, to some extent, the risks inv venture
Have weak financial statements due t capital
19. Question: When a company receives an SBIR grant, any patent rights and software generated belong to .
Your Answer: The Federal Government
The entrepreneur
The Small Business Administration The bank securing the loan
20. Question: Private offerings:
Your Answer: Must comply with Regulation D
Involve more time and expense than Do not involve the SEC
Are not a viable option for new ventu
21. Question: financing involves using any possible method for conserving cash.
Your Answer: SBIR
Bootstrapping
CORREC
T
Private placement Floor planning
22. Question: Obtaining funds from private investors:
Your Answer: Is inappropriate for new ventures
Is a public offering
Is covered by Regulation D
Involves a great deal of time and exp
23. Question: Using the method of evaluating the firm, cash flow is adjusted for the time value of money.
Your Answer: Present value of future cash flow
Replacement value Book value Earnings approach
24. Question: Which section of the prospectus is of great interest to potential purchasers?
Your Answer: Description of the company
Type of stock Risk factors
Use of proceeds
25. Question: Sales of stock within an individual state are regulated
by:
Your Answer: The Securities and Exchange Commi The NASD
Blue sky examiners
The Internal Revenue Service
1. Question: According to Collison and Parcell, everyone has .
Your Answer: Something to learn Something to share
An attitude problem
Both A and B are correct. CORRECT
Points Received: 4 of 4 Comments:
2. Question: According to Collison and Parcell, a "river diagram" shows: Your Answer: The cost savings of doing KM in an organization
Where within an organization to focus knowledge sharing activities CORRECT The names of all leaders in an organization
The financial return on investment of implementing a KM program
Points Received: 4 of 4 Comments:
3. Question: According to Collison and Parcell, a meeting where people come to share their expertise, knowledge, or insights with a team that has requested help is called .
Your Answer: A peer assist CORRECT A "reverse knowledge transfer"
A "knowledge validation" A 360-degree feedback
Points Received: 4 of 4 Comments:
4. Question: According to Collison and Parcell, the real learning in AAR comes when you: Your Answer: Compare the plan with reality CORRECT
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