Exam 5: Assembling the Team: Acquiring and Utilizing Essential Human Capital

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The more similarities that exist between employees and their managers,the lower the ratings that employees will most likely receive from the managers.

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False

Which of the following statements are true?

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A

A board of directors is not usually legally required for a new business that is not incorporated. Is it a good idea for an entrepreneur to have a board of advisers even if not legally required?

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It probably would be a good idea for an entrepreneur to have a board of advisers for any organization. First,the entrepreneur should select people with varying backgrounds,skills and experiences to be on the board of advisers. The entrepreneur could then rely on these people to help in making better,more informed,decisions about the organization. The entrepreneur could draw upon the varying skills,experiences,and abilities held by members of the board of advisers to help manage the organization.

The higher entrepreneurs are in conscientiousness,the more likely their new ventures will

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Research shows that there is a causal relationship between the number of employees in a new business and its profitability.

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The more similar job applicants are to the persons who interview them,

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The resources brought by an entrepreneur to a new venture that is launched includes human capital and social capital.

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When dealing with the similarity and complementarity approach related to co-founders starting a business,it is best to focus primarily on complementarity with respect to knowledge,skills,and experience,but bring similarity into the picture with respect to personal characteristics and motives.

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Equity is also known as distributive justice..

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Recent research concerning the Big 5 found that compared to mangers,entrepreneurs tend to be

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An entrepreneur knows someone who is in the banking business,someone in manufacturing,a professor at a local university,and the president of the Chamber of Commerce. From the entrepreneur's perspective,this refers to

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In a corporation,which is the proper relationship between the two groups mentioned in each selection below?

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Research has shown that the more the founders of a business have networks and mentors,the more likely it is that their new business will be successful.

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An entrepreneur started a business and asked several people,all managers in other organizations,to meet with her several times a year. This group of people is know as

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Which of the following is important for encouraging strong working relationships between founding team members?

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Assume that you started a business with another person. That person expects you to take charge of the major marketing decisions in the business. However,the person who was hired to lead the marketing area insists that major marketing decisions are to be made by her. This difference in expectations represents

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When choosing a partner to start a new business,it is better to chose one based on similarity rather than complementarity..

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In situations where flexibility and speed of acquiring new sets of knowledge and expertise are crucial,permanent employees may be very beneficial,as opposed to temporary employees.

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Discuss similarity and complementarity and the roles that they play in choosing cofounders for a new venture.

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The tendency to attribute successful outcomes largely to internal causes but unsuccessful ones largely to external causes is known as

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