Management And Organizational Behavior
Brightenburg Chapter 2:Exam 2 Questions And
Answers Verified 100% Correct
Addressing growth strategies is one aspect of ________. - ANSWER
planning for growth
Cross-functional teams ________. - ANSWER -are composed of
individuals from various specialties who work together on various
tasks
A venture capitalist ________. - ANSWER -is external equity financing
provided by professionally managed pools of investor money
An angel investor ________. - ANSWER -is a private investor (or group
of private investors) who offers financial backing to an
entrepreneurial venture in return for equity in the venture
________ is an organization that is independently owned, operated,
and financed; has fewer than 100 employees; doesn't necessarily
engage in any new or innovative practices; and has relatively little
impact on its industry. - ANSWER -a small business
A(n) ________ is owned by a limited number of people who do not
trade the stock publicly. - ANSWER -a closely held corporation
Which of the following defines a limited liability company? - ANSWER
-A form of legal organization that's a hybrid between a partnership
and a corporation
Teams that have the authority to plan and implement process
improvements are known as ________. - ANSWER -empowered teams
A(n) ________ is an analysis of the various aspects of a proposed
, entrepreneurial venture designed to determine its viability. - ANSWER
-feasibility study
Which of the following defines an S corporation? - ANSWER -A
specialized type of corporation that has the regular characteristics of
a C corporation but is unique in that the owners are taxed as a
partnership as long as certain criteria are met
________ is one aspect of organizing for growth. - ANSWER -finding
capital
Which of the following defines a business plan? - ANSWER -A written
document that summarizes a business opportunity and defines and
articulates how the identified opportunity is to be seized and
exploited
A(n) ________ is the first public registration and sale of a company's
stock. - ANSWER -initial public offering
________ is individuals who work for profit or fees in their own
business, profession, trade, or farm. - ANSWER -self-employment
In the last 20 years, what percentage of net jobs in the United States
were created by small businesses? - ANSWER -63%
Juan is currently planning and organizing a new entrepreneurial
business. This is which step in the entrepreneurial process? -
ANSWER -starting the venture
Which of the following is NOT one of the potential sources of
opportunity entrepreneurs might look to in the external context as
identified by Peter Drucker? - ANSWER -Boiled Frog phenomenon
Brightenburg Chapter 2:Exam 2 Questions And
Answers Verified 100% Correct
Addressing growth strategies is one aspect of ________. - ANSWER
planning for growth
Cross-functional teams ________. - ANSWER -are composed of
individuals from various specialties who work together on various
tasks
A venture capitalist ________. - ANSWER -is external equity financing
provided by professionally managed pools of investor money
An angel investor ________. - ANSWER -is a private investor (or group
of private investors) who offers financial backing to an
entrepreneurial venture in return for equity in the venture
________ is an organization that is independently owned, operated,
and financed; has fewer than 100 employees; doesn't necessarily
engage in any new or innovative practices; and has relatively little
impact on its industry. - ANSWER -a small business
A(n) ________ is owned by a limited number of people who do not
trade the stock publicly. - ANSWER -a closely held corporation
Which of the following defines a limited liability company? - ANSWER
-A form of legal organization that's a hybrid between a partnership
and a corporation
Teams that have the authority to plan and implement process
improvements are known as ________. - ANSWER -empowered teams
A(n) ________ is an analysis of the various aspects of a proposed
, entrepreneurial venture designed to determine its viability. - ANSWER
-feasibility study
Which of the following defines an S corporation? - ANSWER -A
specialized type of corporation that has the regular characteristics of
a C corporation but is unique in that the owners are taxed as a
partnership as long as certain criteria are met
________ is one aspect of organizing for growth. - ANSWER -finding
capital
Which of the following defines a business plan? - ANSWER -A written
document that summarizes a business opportunity and defines and
articulates how the identified opportunity is to be seized and
exploited
A(n) ________ is the first public registration and sale of a company's
stock. - ANSWER -initial public offering
________ is individuals who work for profit or fees in their own
business, profession, trade, or farm. - ANSWER -self-employment
In the last 20 years, what percentage of net jobs in the United States
were created by small businesses? - ANSWER -63%
Juan is currently planning and organizing a new entrepreneurial
business. This is which step in the entrepreneurial process? -
ANSWER -starting the venture
Which of the following is NOT one of the potential sources of
opportunity entrepreneurs might look to in the external context as
identified by Peter Drucker? - ANSWER -Boiled Frog phenomenon
