Which countries take the lead in entrepreneurial activity? Canada Guatemala India Mexico What factors decrease the risk
Posted: Thu Apr 28, 2022 2:23 pm
Which countries take the lead in entrepreneurial activity?
Canada
Guatemala
India
Mexico
What factors decrease the risk of creating a new venture?
Economy is strong.
Job market is weak.
Education is strong.
Trends are strong.
Difficulty: Easy
What type of training can one not receive from business
organizations?
business coaches/counselors
business launch training
business mentoring
business setup and rollout
Difficulty: Moderate
What is the reason behind the benchmarking studies available
from the American Society on Quality website?
continuous improvement advancements
local and federal budgeting
metrics and status on quality
regular economic sector updates
Difficulty: Difficult
The ________ type of organizational structure works best when
the environment is changing rapidly, the members of the
organization have a shared purpose, and there is a need for
innovation.
divisional
flat
functional
matrix
Difficulty: Difficult
Which of the following is
(are) most important in the lean process?
feedback
minimal data
online surveys
physical prototypes
Difficulty: Difficult
Why is the initial decision about the entity selection so
important?
The selection impacts how many employees you can have at one
time.
The business structure is set and cannot be changed later.
The government mandates that certain businesses have certain
structures.
The business may have the potential to evolve into a much larger
business.
Difficulty: Moderate
How is SMART goal setting a tactic for getting things done?
You can set up several attainable goals over a period of time to
build a more complex plan.
The SMART goals are arranged in order of likelihood of success
or failure.
The concept aligns with the required components of a business
plan.
The goals start over with the most complex and are broken down
into smaller parts.
Difficulty: Moderate
What is the difference between a loan and an investment?
Loans are only available to corporations and LLCs.
Investments are not made to sole proprietors.
Loans must be paid back, but investments do not.
The investment is capped at a certain dollar amount, and a loan
is not.
Which of the following are considered variable costs?
insurance
raw materials
rent
utilities
Using ________, measurements such as testing assumptions about
the business, attributes the customers like, and retention rates
can be collected.
innovation accounting
financial accounting
iteration accounting
lean accounting
Which factor of business failure can be avoided by using the
build-measure-loop?
carrying too much debt
failing to change effectively
fighting founders
lack of cash
Difficulty: Moderate
Why should the setting for a brainstorming session be
comfortable and informal?
Ideas are rarely generated in a traditional meeting type
format.
The entrepreneur is more comfortable leading a session in an
informal setting than in a formal setting.
The group needs to avoid standard solutions and get the creative
juices flowing with little restrictions.
The sessions normally last many hours, and you want participants
to be comfortable.
Difficulty: Moderate
Canada
Guatemala
India
Mexico
What factors decrease the risk of creating a new venture?
Economy is strong.
Job market is weak.
Education is strong.
Trends are strong.
Difficulty: Easy
What type of training can one not receive from business
organizations?
business coaches/counselors
business launch training
business mentoring
business setup and rollout
Difficulty: Moderate
What is the reason behind the benchmarking studies available
from the American Society on Quality website?
continuous improvement advancements
local and federal budgeting
metrics and status on quality
regular economic sector updates
Difficulty: Difficult
The ________ type of organizational structure works best when
the environment is changing rapidly, the members of the
organization have a shared purpose, and there is a need for
innovation.
divisional
flat
functional
matrix
Difficulty: Difficult
Which of the following is
(are) most important in the lean process?
feedback
minimal data
online surveys
physical prototypes
Difficulty: Difficult
Why is the initial decision about the entity selection so
important?
The selection impacts how many employees you can have at one
time.
The business structure is set and cannot be changed later.
The government mandates that certain businesses have certain
structures.
The business may have the potential to evolve into a much larger
business.
Difficulty: Moderate
How is SMART goal setting a tactic for getting things done?
You can set up several attainable goals over a period of time to
build a more complex plan.
The SMART goals are arranged in order of likelihood of success
or failure.
The concept aligns with the required components of a business
plan.
The goals start over with the most complex and are broken down
into smaller parts.
Difficulty: Moderate
What is the difference between a loan and an investment?
Loans are only available to corporations and LLCs.
Investments are not made to sole proprietors.
Loans must be paid back, but investments do not.
The investment is capped at a certain dollar amount, and a loan
is not.
Which of the following are considered variable costs?
insurance
raw materials
rent
utilities
Using ________, measurements such as testing assumptions about
the business, attributes the customers like, and retention rates
can be collected.
innovation accounting
financial accounting
iteration accounting
lean accounting
Which factor of business failure can be avoided by using the
build-measure-loop?
carrying too much debt
failing to change effectively
fighting founders
lack of cash
Difficulty: Moderate
Why should the setting for a brainstorming session be
comfortable and informal?
Ideas are rarely generated in a traditional meeting type
format.
The entrepreneur is more comfortable leading a session in an
informal setting than in a formal setting.
The group needs to avoid standard solutions and get the creative
juices flowing with little restrictions.
The sessions normally last many hours, and you want participants
to be comfortable.
Difficulty: Moderate