Question 1

Discuss the benefits of growth to a firm.

Accepted Answer

The benefits of growth to a firm relate

Question 2

Negative implications arising from an organization's newness is referred to (in the text) as__________.

Accepted Answer

A)  penetration strategy 
B)  product development strategy 
C)  market development strategy 
D)  assets of newness 
E)  liabilities of newness 
A)  penetration strategy 
B)  product development strategy 
C)  market development strategy 
D)  assets of newness 
E)  liabilities of newness

Question 3

Understanding how time is currently being allocated, and where it is being inefficiently invested belongs to which of the following principles of time management?

Accepted Answer

A)  principle of desire 
B)  principle of effectiveness 
C)  principle of analysis 
D)  principle of teamwork 
E)  principle of prioritized planning 
A)  principle of desire 
B)  principle of effectiveness 
C)  principle of analysis 
D)  principle of teamwork 
E)  principle of prioritized planning

Question 4

In a growing venture, an entrepreneur's __________ is their most precious resource; totally perishable and irreplaceable.

Accepted Answer

A)  cash 
B)  attitude 
C)  time 
D)  relationship with others 
E)  None of the answers apply. 
A)  cash 
B)  attitude 
C)  time 
D)  relationship with others 
E)  None of the answers apply.

Question 5

Diversification growth strategies may include backward integration but not forward or horizontal integration, as those are considered market development strategies.

Accepted Answer

A) True 
 B)False

Question 6

Growth of the venture causes __________.

Accepted Answer

A)  pressures on existing financial resources 
B)  pressures on human resources 
C)  pressures on the entrepreneur's time 
D)  pressures on the management of employees 
E)  All of the answers are correct. 
A)  pressures on existing financial resources 
B)  pressures on human resources 
C)  pressures on the entrepreneur's time 
D)  pressures on the management of employees 
E)  All of the answers are correct.

Question 7

A recognition of the need to change personal attitudes and habits regarding the allocation of time belongs to which of the following principles of time management?

Accepted Answer

A)  principle of desire 
B)  principle of effectiveness 
C)  principle of analysis 
D)  principle of teamwork 
E)  principle of prioritized planning 
A)  principle of desire 
B)  principle of effectiveness 
C)  principle of analysis 
D)  principle of teamwork 
E)  principle of prioritized planning

Question 8

When managing cash flow, an entrepreneur will compare their cash flow numbers for the most recent accounting period to __________.

Accepted Answer

A)  the cash flow numbers for the previous accounting period 
B)  budgeted cash flow projections 
C)  industry standards 
D)  All of the answers are correct. 
E)  None of the answers apply. 
A)  the cash flow numbers for the previous accounting period 
B)  budgeted cash flow projections 
C)  industry standards 
D)  All of the answers are correct. 
E)  None of the answers apply.

Question 9

The FIFO system of inventory valuation is recommended because __________.

Accepted Answer

A)  it reflects truer inventory costs 
B)  it gives a more accurate cost of goods sold value 
C)  it makes net income lower than LIFO, which means less cash paid for taxes 
D)  it reflects truer inventory costs and it gives a more accurate cost of goods sold value 
E)  All of the answers are correct. 
A)  it reflects truer inventory costs 
B)  it gives a more accurate cost of goods sold value 
C)  it makes net income lower than LIFO, which means less cash paid for taxes 
D)  it reflects truer inventory costs and it gives a more accurate cost of goods sold value 
E)  All of the answers are correct.

Question 10

Taxes. The entrepreneur will be required to withhold taxes for his or her employees. Each month or quarter (depending on the size of the payroll), deposits or payments will need to be made to the appropriate agency for funds withheld from wages. Discuss the requirements re: taxes and employees salaries.

Accepted Answer

Generally, taxes are withheld from emplo

Question 11

With regards to the management of employees, as the venture grows, one of the most difficult things for an entrepreneur is to __________.

Accepted Answer

A)  step back and let the managers do their jobs 
B)  make changes to the way the business communicates with interested stakeholders 
C)  assume more responsibility for decision-making 
D)  take responsibility for maintaining corporate culture and leading by example 
E)  None of the answers apply. 
A)  step back and let the managers do their jobs 
B)  make changes to the way the business communicates with interested stakeholders 
C)  assume more responsibility for decision-making 
D)  take responsibility for maintaining corporate culture and leading by example 
E)  None of the answers apply.

Question 12

The __________ growth strategy uses the firm's experience with a particular customer group as a source of knowledge on the problems they may have with existing technology and ways in which they can be better served.

Accepted Answer

A)  penetration 
B)  market development 
C)  product development 
D)  diversification 
E)  None of the answers apply. 
A)  penetration 
B)  market development 
C)  product development 
D)  diversification 
E)  None of the answers apply.

Question 13

Describe the six basic principles of time management.

Accepted Answer

The six basic principles of time managem

Question 14

As an inventory management philosophy, LIFO may be more sensible to use in times when__________.

Accepted Answer

A)  prices of goods are declining 
B)  the business still uses a manual system for inventory control 
C)  the business is in a rapid growth stage 
D)  the venture has at least $100,000 in sales 
E)  None of the answers apply. 
A)  prices of goods are declining 
B)  the business still uses a manual system for inventory control 
C)  the business is in a rapid growth stage 
D)  the venture has at least $100,000 in sales 
E)  None of the answers apply.

Question 15

As defined in the text, horizontal integration occurs at the same level of the value-added chain but simply involves a different, but complementary, value-added chain.

Accepted Answer

A) True 
 B)False

Question 16

An entrepreneur seeking to establish a team spirit in their growing venture should __________.

Accepted Answer

A)  establish a performance incentive plan for each individual employee 
B)  provide opportunities for employees and managers to work together as equals 
C)  challenge their competitor to a sporting event such as softball 
D)  provide company uniforms for all employees 
E)  None of the answers apply. 
A)  establish a performance incentive plan for each individual employee 
B)  provide opportunities for employees and managers to work together as equals 
C)  challenge their competitor to a sporting event such as softball 
D)  provide company uniforms for all employees 
E)  None of the answers apply.

Question 17

Advantages that a new organization has over a mature one is referred to (in the text) as __________.

Accepted Answer

A)  penetration strategy 
B)  product development strategy 
C)  market development strategy 
D)  assets of newness 
E)  liabilities of newness 
A)  penetration strategy 
B)  product development strategy 
C)  market development strategy 
D)  assets of newness 
E)  liabilities of newness

Question 18

When Home Depot actively pursues the contractor market by offering them one-stop shopping for all of their building needs including special order services, this would be an example of which of the following growth strategies?

Accepted Answer

A)  penetration 
B)  market development 
C)  product development 
D)  diversification 
E)  None of the answers apply. 
A)  penetration 
B)  market development 
C)  product development 
D)  diversification 
E)  None of the answers apply.

Question 19

Prominent golf club manufacturer Callaway Limited entering the golf ball manufacturing business was an example of __________.

Accepted Answer

A)  backward integration 
B)  forward integration 
C)  horizontal integration 
D)  concentric diversification 
E)  None of the answers apply. 
A)  backward integration 
B)  forward integration 
C)  horizontal integration 
D)  concentric diversification 
E)  None of the answers apply.

Question 20

To be successful, the growth strategy selected should capitalize on some aspect of the entrepreneur's and firm's knowledge base.

Accepted Answer

A) True 
 B)False

Discuss the benefits of growth to a firm.

Negative implications arising from an organization's newness is referred to (in the text) as__________.

Understanding how time is currently being allocated, and where it is being inefficiently invested belongs to which of the following principles of time management?

In a growing venture, an entrepreneur's __________ is their most precious resource; totally perishable and irreplaceable.

Diversification growth strategies may include backward integration but not forward or horizontal integration, as those are considered market development strategies.

Growth of the venture causes __________.

A recognition of the need to change personal attitudes and habits regarding the allocation of time belongs to which of the following principles of time management?

When managing cash flow, an entrepreneur will compare their cash flow numbers for the most recent accounting period to __________.

The FIFO system of inventory valuation is recommended because __________.

With regards to the management of employees, as the venture grows, one of the most difficult things for an entrepreneur is to __________.

The __________ growth strategy uses the firm's experience with a particular customer group as a source of knowledge on the problems they may have with existing technology and ways in which they can be better served.

Describe the six basic principles of time management.

As an inventory management philosophy, LIFO may be more sensible to use in times when__________.

As defined in the text, horizontal integration occurs at the same level of the value-added chain but simply involves a different, but complementary, value-added chain.

An entrepreneur seeking to establish a team spirit in their growing venture should __________.

Advantages that a new organization has over a mature one is referred to (in the text) as __________.

When Home Depot actively pursues the contractor market by offering them one-stop shopping for all of their building needs including special order services, this would be an example of which of the following growth strategies?

Prominent golf club manufacturer Callaway Limited entering the golf ball manufacturing business was an example of __________.

To be successful, the growth strategy selected should capitalize on some aspect of the entrepreneur's and firm's knowledge base.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploring New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Informal Risk Capital, Venture Capital, and Going Public

Filters

Exam 11: Sources of Capital

Discuss the benefits of growth to a firm.

Negative implications arising from an organization's newness is referred to (in the text) as__________.

Understanding how time is currently being allocated, and where it is being inefficiently invested belongs to which of the following principles of time management?

In a growing venture, an entrepreneur's __________ is their most precious resource; totally perishable and irreplaceable.

Diversification growth strategies may include backward integration but not forward or horizontal integration, as those are considered market development strategies.

Growth of the venture causes __________.

A recognition of the need to change personal attitudes and habits regarding the allocation of time belongs to which of the following principles of time management?

When managing cash flow, an entrepreneur will compare their cash flow numbers for the most recent accounting period to __________.

The FIFO system of inventory valuation is recommended because __________.

With regards to the management of employees, as the venture grows, one of the most difficult things for an entrepreneur is to __________.

The __________ growth strategy uses the firm's experience with a particular customer group as a source of knowledge on the problems they may have with existing technology and ways in which they can be better served.

Describe the six basic principles of time management.

As an inventory management philosophy, LIFO may be more sensible to use in times when__________.

As defined in the text, horizontal integration occurs at the same level of the value-added chain but simply involves a different, but complementary, value-added chain.

An entrepreneur seeking to establish a team spirit in their growing venture should __________.

Advantages that a new organization has over a mature one is referred to (in the text) as __________.

When Home Depot actively pursues the contractor market by offering them one-stop shopping for all of their building needs including special order services, this would be an example of which of the following growth strategies?

Prominent golf club manufacturer Callaway Limited entering the golf ball manufacturing business was an example of __________.

To be successful, the growth strategy selected should capitalize on some aspect of the entrepreneur's and firm's knowledge base.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploring New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Informal Risk Capital, Venture Capital, and Going Public

Filters