Reference no: EM131229786
Choose the key terms from this chapter that match the given definitions.
1. A formal document that outlines the vision, strategies, personnel, and resources that will be used to create a business
A. Business incubator B.Entrepreneurship C. Business plan D. Entrepreneur
2. The ability to deal with constant change and uncertainty without getting overly stressed
A. External locus of control B. Internal locus of control C. Tolerance for ambiguity D. Need to achieve
3. A type of business that exists separate and apart from the individuals who own it, thus protecting the owners’ personal assets in cases of liability
A. Franchising B. Partnership C. Corporation D. Sole proprietorship
4. A type of financing in which outside investors become part owners of the business
A. Equity financing B. Social financing C. Debt financing D. Incubator financing
5. Think about the different ways entrepreneurs can start their businesses.
Which of the following things can an entrepreneur expect when he or she starts a new business as a franchise? Check all that apply.
A. All of the information a franchisee needs to determine whether or not to buy the franchise will be in disclosure documents provided by the franchisor.
B. The franchisor will provide the entrepreneur with management help and support.
C. The franchisor will expect the entrepreneur to do things in a particular way.
D. The franchisor will allow the entrepreneur to run the business however he or she wants.
|
A firm plans to begin production of a new small appliance
: A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $9 each or to produce them in-house. Determine the range of annual volume for which each of the alte..
|
|
Discuss the single most important or surprising lessons
: Evaluate the lessons learned in this course and discuss the single most important or surprising lessons as well as what made it so.
|
|
Discuss specific challenges you expect to face personally
: Discuss how you will apply what you have learned in this class in your current (or future) career. Provide specific examples to support your rationale. Looking ahead to your future career, discuss the specific challenges you expect to face personally..
|
|
Disadvantages of corporations
: Which of the following are disadvantages of corporations? Check all that apply.
|
|
Different ways entrepreneurs can start their businesses
: A formal document that outlines the vision, strategies, personnel, and resources that will be used to create a business. A type of business that exists separate and apart from the individuals who own it, thus protecting the owners’ personal assets in..
|
|
Packages for the human computer interface layer
: Sweetbriar College is redesigning their course registration system [CRS]. They plan for this system to be web-based, but first you need to model the main system behind the web interface. Here is a description of the interactions with the proposed CRS..
|
|
Company achieves a competitive advantage when
: A company achieves a competitive advantage when: it provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. it has a profitable business model. it is able to maximize shareholder wealth. it is consisten..
|
|
Pick qualitative technique to perform research on the issue
: Identify a problem you have at work. Pick a qualitative technique to perform research on the issue. Describe why you selected that particular technique and how you will use the selected technique to investigate the issue. What are some leadership str..
|
|
Division that produces two models of fireplace grates
: Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To produce each model A requires 2 lb of cast iron and 6 min of labor. To produce each model B grate requires 4 lb of cast iron..
|