Question 1

The consolidation play has become a way for many small business owners to realize the wealth they created in their business.

Accepted Answer

A) True 
 B)False  True

Question 2

Early in the operation of the business, it is important to identify a qualified attorney familiar with the industry to handle any potential product liability claims. ​

Accepted Answer

A) True 
 B)False  True

Question 3

Companies that rely heavily on Internet-based systems will want to get advice about securing a cyber insurance policy.

Accepted Answer

A) True 
 B)False  True

Question 4

Risk is a fact of life, but a company's exposure to risk decreases as the venture grows.

Accepted Answer

A) True 
 B)False

Question 5

In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price. ​

Accepted Answer

A) consolidation 
B) buy-sell agreement 
C) asset sale 
D) phased sale 
E) ESOP 
A) consolidation 
B) buy-sell agreement 
C) asset sale 
D) phased sale 
E) ESOP

Question 6

An effective contingency plan will answer what important questions? ​

Accepted Answer

In the event of a problem, which supplie

Question 7

Define and explain process improvement strategies. ​

Accepted Answer

Process improvement strategies involve r

Question 8

Bankruptcy under ____ consists of the liquidation of the assets of the business and the discharging of most types of debt.

Accepted Answer

A) Chapter 7 
B) Chapter 11 
C) voluntary circumstances 
D) involuntary circumstances 
E) Chapter 13 
A) Chapter 7 
B) Chapter 11 
C) voluntary circumstances 
D) involuntary circumstances 
E) Chapter 13

Question 9

An integral part of a team-based approach to organizational management is ____.

Accepted Answer

A) contingency planning 
B) management by objectives 
C) cross-training 
D) employee empowerment 
E) human resource management 
A) contingency planning 
B) management by objectives 
C) cross-training 
D) employee empowerment 
E) human resource management

Question 10

____ purchase a product at a discount off list, sell it and handle collections, solving the problem of cultural differences in transactions. ​

Accepted Answer

A) Brokers 
B) Agents 
C) ETCs 
D) Intermediaries 
E) Freight forwarders 
A) Brokers 
B) Agents 
C) ETCs 
D) Intermediaries 
E) Freight forwarders

Question 11

Traditional risk management proponents have typically adopted a/an ____ that sees risk as a physical property that has associated probabilities of occurrence.

Accepted Answer

A) objectivist view 
B) subjectivist view 
C) historical view 
D) Bayesian view 
E) None of these choices 
A) objectivist view 
B) subjectivist view 
C) historical view 
D) Bayesian view 
E) None of these choices

Question 12

Why is succession planning important? ​

Accepted Answer

The demand for top-notch management pers

Question 13

Groups of hackers that act in the national interests of the country that sponsors them to provide nearly constant attacks on the national security infrastructure of countries are known as ____. ​

Accepted Answer

A) cyber militia 
B) cyber risk 
C) hacker militia 
D) security risks 
E) None of these choices 
A) cyber militia 
B) cyber risk 
C) hacker militia 
D) security risks 
E) None of these choices

Question 14

When sales decline and positive cash flow starts looking like a memory, entrepreneurs often go ____. ​

Accepted Answer

A) to their banker/lender 
B) to their accountant 
C) into action 
D) into a period of denial 
E) to friends and family 
A) to their banker/lender 
B) to their accountant 
C) into action 
D) into a period of denial 
E) to friends and family

Question 15

A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product. ​

Accepted Answer

A) Supplier 
B) Distribution 
C) Marketing plan 
D) Customer base 
E) Intellectual property 
A) Supplier 
B) Distribution 
C) Marketing plan 
D) Customer base 
E) Intellectual property

Question 16

The cost of hiring an employee is becoming so high that many companies are solving the problem by ____. ​

Accepted Answer

A) using employment agencies 
B) subcontracting work 
C) hiring management consultants 
D) downsizing operations 
E) raising prices 
A) using employment agencies 
B) subcontracting work 
C) hiring management consultants 
D) downsizing operations 
E) raising prices

Question 17

A firm entering a _____ market in an established industry with an innovative product can experience rapid rates of growth.

Accepted Answer

A) Technology 
B) Slow growth 
C) Niche 
D) Diversified 
E) Local 
A) Technology 
B) Slow growth 
C) Niche 
D) Diversified 
E) Local

Question 18

What is Chapter 7? ​

Accepted Answer

Chapter 7 constitutes an Order for Relie

Question 19

During startup, the entrepreneur's main concerns are to ensure sufficient startup capital, _____, and design a way to deliver the product or service.

Accepted Answer

A) Add human resources 
B) Seek customers 
C) Market the product 
D) Manage cash flow 
E) Innovate 
A) Add human resources 
B) Seek customers 
C) Market the product 
D) Manage cash flow 
E) Innovate

Question 20

List some events that cause a company to go bankrupt. ​

Accepted Answer

Some events include: failure to pay debt

The consolidation play has become a way for many small business owners to realize the wealth they created in their business.

Early in the operation of the business, it is important to identify a qualified attorney familiar with the industry to handle any potential product liability claims.

Companies that rely heavily on Internet-based systems will want to get advice about securing a cyber insurance policy.

Risk is a fact of life, but a company's exposure to risk decreases as the venture grows.

In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price.

An effective contingency plan will answer what important questions?

Define and explain process improvement strategies.

Bankruptcy under ____ consists of the liquidation of the assets of the business and the discharging of most types of debt.

An integral part of a team-based approach to organizational management is ____.

____ purchase a product at a discount off list, sell it and handle collections, solving the problem of cultural differences in transactions.

Traditional risk management proponents have typically adopted a/an ____ that sees risk as a physical property that has associated probabilities of occurrence.

Why is succession planning important?

Groups of hackers that act in the national interests of the country that sponsors them to provide nearly constant attacks on the national security infrastructure of countries are known as ____.

When sales decline and positive cash flow starts looking like a memory, entrepreneurs often go ____.

A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product.

The cost of hiring an employee is becoming so high that many companies are solving the problem by ____.

A firm entering a _____ market in an established industry with an innovative product can experience rapid rates of growth.

What is Chapter 7?

During startup, the entrepreneur's main concerns are to ensure sufficient startup capital, _____, and design a way to deliver the product or service.

List some events that cause a company to go bankrupt.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Filters

Exam 17: Funding Growth

The consolidation play has become a way for many small business owners to realize the wealth they created in their business.

Early in the operation of the business, it is important to identify a qualified attorney familiar with the industry to handle any potential product liability claims. ​

Companies that rely heavily on Internet-based systems will want to get advice about securing a cyber insurance policy.

Risk is a fact of life, but a company's exposure to risk decreases as the venture grows.

In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price. ​

An effective contingency plan will answer what important questions? ​

Define and explain process improvement strategies. ​

Bankruptcy under ____ consists of the liquidation of the assets of the business and the discharging of most types of debt.

An integral part of a team-based approach to organizational management is ____.

____ purchase a product at a discount off list, sell it and handle collections, solving the problem of cultural differences in transactions. ​

Traditional risk management proponents have typically adopted a/an ____ that sees risk as a physical property that has associated probabilities of occurrence.

Why is succession planning important? ​

Groups of hackers that act in the national interests of the country that sponsors them to provide nearly constant attacks on the national security infrastructure of countries are known as ____. ​

When sales decline and positive cash flow starts looking like a memory, entrepreneurs often go ____. ​

A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product. ​

The cost of hiring an employee is becoming so high that many companies are solving the problem by ____. ​

A firm entering a _____ market in an established industry with an innovative product can experience rapid rates of growth.

What is Chapter 7? ​

During startup, the entrepreneur's main concerns are to ensure sufficient startup capital, _____, and design a way to deliver the product or service.

List some events that cause a company to go bankrupt. ​

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Filters

Early in the operation of the business, it is important to identify a qualified attorney familiar with the industry to handle any potential product liability claims.

In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price.

An effective contingency plan will answer what important questions?

Define and explain process improvement strategies.

____ purchase a product at a discount off list, sell it and handle collections, solving the problem of cultural differences in transactions.

Why is succession planning important?

Groups of hackers that act in the national interests of the country that sponsors them to provide nearly constant attacks on the national security infrastructure of countries are known as ____.

When sales decline and positive cash flow starts looking like a memory, entrepreneurs often go ____.

A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product.

The cost of hiring an employee is becoming so high that many companies are solving the problem by ____.

What is Chapter 7?

List some events that cause a company to go bankrupt.