Reference no: EM132222940
1. Which of the following has to do with acquiring products abroad and selling them domestically?
-Licensing strategy
-Joint venture
-Importing
-Direct investment
2. (Appendix - Managing Entrepreneurial Ventures) According to the Appendix of our text, which of the following is true of a feasibility study?
-It is a structured evaluation approach that an entrepreneur might was to use.
-It is an analysis of various aspects of a proposed entrepreneurial venture designed to determine if it could work.
-It can serve as a basis for an organization's business plan.
-All of the above.
3. Which of the following is NOT typically true of an affinity group?
a. Members have widely varying titles or duties within the organization.
b. The group stays together for more than one task.
c. Members have assigned roles within the group.
d. Members are from different divisions or departments of the organization.
4. In business organizations, most employees work in __________ groups.
a. command
b. support
c. affinity
d. structural
5. If you are on a board of directors, what business structure are you most likely associated with?
a. Corporation b. Partnership c. Limited Liability Company d. Sole Proprietorship