Business Questions

Which of the following is the most important thing that an entrepreneur can do to build -a) hire an attorneyb) lead by examplec) business ethicsd) hire an accountant

The majority of businesses go through a discernable set of stages of growth referred to as -a) business life cycleb) organizational life cyclec) growth life cycled) organization life cycle

According to the lecture slides, segmenting a market based on characteristics like "personality traits", "values", "attitudes", and "lifestyles" is referred to as ________a) psychographicb) demographicc) geographicd) behavioral

Which of the following statements about a brand is not true? -a) a brand always is a promise to serve investor's interestsb) a brand is a not promise to serve investor's interestsc) a brand is a promise to serve investor's interestsd) a brand will not always is a promise to serve investor's interests

Which of the following is not a bootstrapping method? -a) have several persons in one officeb) hire an intern c) used equipmentd) buying brand new equipment

_______ are individuals who invest their personal capital directly in startups -a) venture capitalistsb) business angelc) bootstrappingd) crowdfunding

Albua Dumbledore runs his own business. He has no partners and no employees -a) general partnershipb) sole proprietorshipc) venture capitalistd) sole partnership

The vast majority of founders contribute personal funds along with _____ to their ventures -a) business ethicsb) sweat equityc) debt financingd) equity financing

Designing drivetrains (the part of a car that delivers power to the wheels) is what Volkswagen does particularly well -a) core exchangeb) core solutionc) core managementd) core competency

If Julio's cantina is going to sell food on the streets of los Angeles, it is required to get -a) friends and familyb) general partnerc) street vendord) sole proprietorship

Porter's Diamond (Factor Conditions, Demand Conditions, Related and Supporting Industries, Company Strategy/Industry Structure/Rivalry)

at 3M, employees are encouraged to spend up to 15% of their time on projects of their own choosing. If any of these projects look promising, 3M provides financing to further develop their commercial potential. This is an example of __________________.

The bulwark tea and coffee chain recently reorganized, Laying off some managers and employees. The remaining managers were told that they would each have an increased span of control, what does this mean?

____________ refers to a firm's resistance to change the status quo that can set up the stage for the firm subsequent failure.

a firm that uses a structure organized along different business functions such as HR, RD, sales and marketing Also along different geographical areas of the world is most likely using a ________________.

Blue cat restaurant group relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. However, as a consequence of its highly compartmentalized structure the firm has found it difficult to transfer information and ideas from one department to the next with the launch of its new line of breakfast foods coming up, how can blue cat restaurant group improve its ability to collaborate with sacrificing the benefits of its structure?

Sirius Cybermetrics Inc. Produces touch enabled wearable devices. Its research and development team recently became aware of a new open source technology produced by a firm overseas that would improve the processing speed and battery life of all of their devices. In this scenario Sirius Cybermetrics would be best served to embrace__________________.

Rosa is a senior manager at veridian dynamics, a motorcycle manufacturer. Viridian dynamics has entered into an equity alliance with parker industries, a moped manufacturer. Parker industries tells her "I'm going to send you all of our guidelines and documentation for manufacturing catalytic converters, and you'll be all set." What else should Rosa request from Parker industries?

Why are controls like budgets in operating procedures that McDonald's implements known as input controls?

When a firm is able to successfully employ a blue ocean strategy, it will create a competitive advantage by___________.