Exam 16: Building a Team and Management Succession
Exam 1: The Foundations of Entrepreneurship117 Questions
Exam 2: Inside the Entrepreneurial Mind: From Ideas to Reality129 Questions
Exam 3: Designing a Competitive Business Model and Building a Solid Strategic Plan124 Questions
Exam 4: Conducting a Feasibility Analysis and Crafting a Winning Business Plan153 Questions
Exam 5: Forms of Business Ownership107 Questions
Exam 6: Franchising and the Entrepreneur69 Questions
Exam 7: Buying an Existing Business138 Questions
Exam 8: Building a Powerful Marketing Plan117 Questions
Exam 9: E-Commerce and the Entrepreneur142 Questions
Exam 10: Pricing Strategies114 Questions
Exam 11: Creating a Successful Financial Plan133 Questions
Exam 12: Managing Cash Flow139 Questions
Exam 13: Sources of Financing: Debt and Equity206 Questions
Exam 14: Choosing the Right Location and Layout209 Questions
Exam 15: Global Opportunities132 Questions
Exam 16: Building a Team and Management Succession168 Questions
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Which of the following is not a behavior typically exhibited by effective leaders?
(Multiple Choice)
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Money can be a powerful short-term motivational tool, but it usually does not have a lasting motivational effect.
(True/False)
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The majority of first-generation family businesses do not survive into the second generation.
(True/False)
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Effective interviewers spend about 75 percent of the interview talking and about 25 percent listening.
(True/False)
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According to a survey by CareerBuilders, almost ________ of candidates either exaggerated or falsified information about their previous employment on their resumes.
(Multiple Choice)
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In job enrichment, ________ is the degree to which a job allows a worker to complete a whole or identifiable piece of work.
(Multiple Choice)
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Flexplace is a work arrangement in which employees work at a place other than the traditional office, such as a satellite branch closer to their homes or, in many cases, at home.
(True/False)
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Although many business owners see checking references as a formality and pay little attention to it, the process is:
(Multiple Choice)
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In addition to contacting the references a job applicant provides, experienced employers also call an applicant's previous employers to attempt to get a clear picture of the applicant's job performance, character, and work habits.
(True/False)
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Type of job design that involves building motivators into a job by increasing the planning, decision-making, organizing, and controlling functions workers perform is:
(Multiple Choice)
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Effective leaders make sure that workers have both the tangible and the intangible resources they need to do their jobs well.
(True/False)
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A major advantage of family businesses is that there is always a guaranteed successor within the family whenever the owner decides to step down.
(True/False)
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The practice known as servant leadership was coined by Robert Greenleaf and states that leaders are servants first and leaders second, putting their employees and their employees' needs ahead of their own.
(True/False)
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Small business owners should take the time to check every candidate's references.
(True/False)
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If a job candidate files charges of employment discrimination against a company, the burden of proof in the case falls on:
(Multiple Choice)
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Small companies are least likely to make hiring mistakes because most owners have developed clearly defined job specifications and job descriptions.
(True/False)
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The preparation of a successor is a two-way process, showing the direction of the business and what led to its success, but also learning and listening.
(True/False)
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