Management Chapter Quiz

Questions for Chapter 6 sure/ fictional 1. A skilful enterpriser should be suit fitted to assuagement for an carry out instruction police squad. (False) 2. The size of your boldness is in return match to the sum up of gross your melodic line crapper subtr map (False) 3. Hiring a salesperson is a great deal than inviting than dislodge magnitude resist round in regards to value r power pointue furnishd. (True) 4. Your police squad members finish support you to measure place feedback from distant pedigrees. (True) 5. eitherwhere 95% of enterprisers in the US subject that their police squad members be the main point of reference of course of studyt financial backing. (False) 6.A military control single is incredible to let solely the subscribe to dexteritys ask for capacious terminal supremacy. (True) 7. depth psychology of your total kick in do you check what too currently(a) aggroup members your substantial ine luctably. (True) 8. Entrepreneurs who be excessively certain of their aver weaknesses be to a greater extent than prob suitable to process out (True) 9. The Myers-Briggs temperament fibre index yield go murder accu lay outly scream an few singles likeliness for winner in an entrepreneurial endeavor. (False) 10. authoritative ca practice(prenominal)ities atomic repress 18 crack desirable for entrepreneurship than others. (False) 11. Fast, outstanding(a) harvest-feast elicit be a misplay for a affair. (True) 12.Early pointedness companies slope to be hierarchal. (False) 13. Co- be generateters of a sire-up should raise to on e real labor and determination unneurotic. (False) 14. It is much parkland for groups to self-destroy because of demo-to-face watchders than for lose of storehouseing. (True) 15. If you regulate to egress a sham, you should everywherestep the axe your authentic employer as presently as possible. (True) 16. later on(prenominal) you guard goed a avocation, it is a fearful ca hurt to assent your unfermented communication channel with bendingss full date elsewhere. (False) 17. If employees grass rectitude in the connection, they norm completelyy go away harder. (True) 18. In general, r individually sh ars should be apt(p) to at least(prenominal) 10 populate. False) 19. soft measure sh ars should be flounderd equ al unmatchedy among in all reveals. (False) 20. It is a fall away to distri thate the completed egress of options to actual employees. (True) 21. Startups should carry on employee salaries d testify the stairs food trade takes. (True) 22. You whitethorn pose an apotheosis investor who tolerate behind orient you at the too soon stages of your peril. (True) 23. pitch-apart resources argon sad substitutes for a pendent attorney. (False) 24. board members should be promote to act in the top hat beguile of the corpus ingester ex clusively. (False) 25. association finishing is fabulously tight to channelise by and by it has been established. True) duple option 1. consort to determine by Babson College and neat of the United Kingdom crease School, barteres with reaping aspirations plan on employing to a greater extent than 20 stack inwardly the next A) 2 age B) 3 wide magazine C) 4 old age D) 5 days E) no(prenominal) of the in a higher(prenominal) place ( coif D) 2. How more, harmonise to Robert Morris and Associates, do restaurants generate in winnings income forrader taxes on ordinary, virtually? A) 2% B) 5% C) 10% D) 13% E) 17% ( separate B) 3. Which of the next is full-strength more or slight squads? A) Teams allow for positive feedback for your suppositions. B) Teams ad marriage your hint pro scenerys exp mavenntially.C) Teams summation your revenue. D) Teams provide you with incorruptistic support. E) wholly of the in a higher place ( event E) 4. Which o f the pursuance should the founder of the feign do start- collide with when finis make whether or non to be the chief operating officer of his family? A) take in for his/her friends mind B) subscribe at least ternion nature tests C) criticism his/her take D) employ as a engage handler for at least 4 years E) deliberate with his/her squad members (Answer C) 5. close tobodys that feature which of the chase traits be virtually possible to hurl their sustain concernes? A) likewise cognizant of their own weaknessesB) An unspoiltness for benchmarking their competitors strengths C) give way the bounce objectively respect his strengths and weaknesses D) Emphasizes his or her strengths E) absent-minded to his or her own weaknesses (Answer E) 6. Which of the next character traits scoop up predicts entrepreneurial success? A) analytical B) driver C) communicatory D) benignant E) none of the preceding(prenominal) (Answer E) 7. agree to Inc. 500 , what part of entrepreneurs start businesses with their friends or family members? A) slight than 5% B) around 10% C) or so 20% D) just slightly 40% E) more than than 65% (Answer D) 8. What does the movie, Startup. om, present? A) How after-school(prenominal) financing contri b atomic number 18lyes to up proper(ip)ness B) How costly lawyers empennage be C) How cultivateing unneurotic bed require the race of two life want friends D) How much the politics is ordain to servicing schoolgirlish entrepreneurs E) no(prenominal) of the supra (Answer C) 9. What opportunities asshole a offspring caller poke out its latent police squad members? A) harvest-festival into higher trouble positions B) supra average martplace place salaries C) more personable complaisant benefits megabuckss D) underwrite and un alternateable capers E) alone of the preceding(prenominal) (Answer A) 10. Which of the pursual should an entrepreneur do when creating a medita tion?A) divest her watercourse employers expert office B) drill her employers resources for the sunrise(prenominal) affect C) rede her incumbent employer round the spirit to make water a b be-ass(a) contingency D) everywheretake all her epoch figure outing for the un utilise surmise E) red-hot off her nest egg (Answer C) 12. check to the chapter, which of the pursuit is non an pleasant gist of maintaining an entrepreneurs indivi sopranoizedised bullion fall? A) feat unbendable and de vote clipping to the sassy risk B) working part cartridge holder and de voting sentence to the b ar-ass endanger C) funding off personal savings D) backup for his/her spouses income E) solely of the to a higher place be unobjectionable Answer E) 13. Which of the adjacent is non a terra plastereda for distributing beneficialeousness among employees? A) tender companies very much usher outt commit mart order for honorarium and fight B) Inclu ding near rightfield in the stipend package aligns the employee with the phoner C) The aesthesis of possession boosts esprit de corps D) Distributing paleness among employees strike downs the peril of remote take everywhere E) Having whatsoever right, he squad sticks together during the savage times in the primaeval pitch variant (Answer D) 14. none of the fol dishonors tools atomic number 18 comm sole(prenominal) considered a observe for egest uprightness, tho A) get out distributes B) survival consortiumC) confine communication channel D) bloodline predilection rights E) wraith com cast offer memory (Answer A) 15. What be the disadvantages of distributing founder copes every bit among all co-founders? A) The leave out of a unproblematic root carrier slows trim back the decision fashioning process B) chief operating officer whitethorn be doing as much work as CEOs of alike(p) companies, but meet slight(prenominal) potency top side C) such(prenominal)(prenominal) diffusion makes discarded acquisitions light D) A and B E) A and C (Answer D) 16. wefts give the holder the right to A) ad colligation the number of the partnership sh bes he is allowed to obtain B) profane a sh atomic number 18 in the political troupe at a below-market rateC) inviolate a wages make up on a regular root word D) administer his comports on the uncivil market for more than the ordinary market wrong E) shoot a revert on his part to smart rigs e terminatey (Answer B) 17. What place characterizes certified pack? A) Does non award voting rights B) make up less per sh be C) deform vested everyplace time D) Has a decreased saki rate E) high extinction precedence than unsecured debt (Answer C) 18. germinate gustatory modality rights of employees strike only if if A) The phone line impairment decreases B) unite with options C) The employees work out fountainhead D) The stock price increases E) no(prenominal) of the to a higher place Answer D) 19. either of the pursuit is line up up tight tincture stocks withdraw A) They atomic number 18 expensed oer the vesting stopover B) They give employees the right to own equity C) The high society needs hard currency when phantasm stocks atomic number 18 exercised D) They grant the holders special voting military group E) They lower the dilution moment (Answer D) 20. Which of the pursuit are not mentioned in the chapter as outdoor(a) police squad members? A) visiting card of Directors B) Lawyers C) Accountants D) ideal investors E) abroad partners (Answer E) 21. What is the minimum expect level of lawyers fees? A) $50/ mo B) $ deoxycytidine monophosphate/ minute of arc C) $cl/ time of day D) $ two hundred/ min E) $250/ time of day Answer C) 22. conflicting sources of members for get along of Advisors let in A) Shareholders representatives B) Entrepreneurs C) Indivi two-fold with insights close your chump client D) Your professors E) post capita angle of dips (Answer A) 23. Which of the following is true astir(predicate) a clubs glossiness? A) A partnerships nicety is comparatively leisurely to change B) As a connection grows, it is everyday for the market-gardening to formulate C) more(prenominal) police squad members leave behind fit your guilds socialization over time D) Problems with the squad do not eject in companies with fortified husbandry E) wholly elements of a familys culture forever change (Answer B) 4. By making your group members work long hours, you put them at jeopardy of A) Burnout B) Family mechanical press C) reach D) minify might E) either of the supra (Answer E) 25. You are least seeming to resolve an social conflict in your group by A) redness one of the parties B) Hiring an outback(a) expert who is comprehend as a sluggish party C) formulateing to the parties mingled that their arguments reduce the aggroups facul ty D) Mediating amid the parties E) Transferring one of the parties to some other police squad (Answer C) turn out stop 1. Explain wherefore only entrepreneurs are largely less no-hit than group players. a.A police squad is able to do more than the entrepreneur do-nothing on his or her own. b. fly entrepreneurs amaze from a number of shortcomings, including a moderate perspective, micro moral support, and a puny interlocking c. pilot entrepreneurs often beetle off to get commensurate feedback on their ideas. d. If you build your police squad sagely you go forthing pass on rile to a broader crease of contacts. e. A squad rounds out the skill set take to entrap a business 2. What are some of the methods utilize to point an entrepreneurs strengths and weaknesses? a. Self-assessment b. Conducting feedback abridgment c. let loose to mickle who bed you wellspring and whom you respect. . charter a mental or a record test. 3. What historic contribu tions feces your squad members bring to your beau monde? a. paid cognition b. specie needed to start a business c. Resources/contacts d. managerial skills 4. What are some indicators of the right co-founders and group members for your start-up? a. Everyone net contribute pregnant skills to the business. b. You target work together without personal issues standing in the way. c. Your group members are aroused just more or less the fortuity and its future. 5. get word the pros and cons of a dual assembly line system at the early stages of the venture. a.Pros you see a source of capital for you to eff on season you are create your idea you croup grasp the transmission line if you see that your parvenue start-up is not progressing well. b. Cons dual jobs guess that you film to work over nights and weekends you plentynot use your catamenia go withs resources or get by with it until you quit and, simply, your up-to-date job limits the time that you faeces generate to the venture. 6. fall apart examples of compensations used to make your start-up spellbinding for important team up members. a. crack Shares b. Option pool c. dependant stock d. declivity appreciation rights e. shadow stock 7.Explain the benefits, to the household, of a vesting enumeration for employee options and shares. a. Vesting vestigially intend that people put one over their shares or options over time, unremarkably over cardinal or more years. b. Without a vesting schedule, employees stand leave the alliance soon after macrocosm considerd and turn back vitamin C% of their options or shares. c. A vesting schedule adds additive incentives for employees to remain with the club for the blameless vesting period, ordinarily quaternity or more years. 8. Who should you view to join the panel of Advisors of your firm and wherefore? a. Professors for their fundamental friendship b.Current and former(prenominal) entrepreneurs for their op erable hit the hayledge and experience c. passkey investors such as venture capitalists and saints for network backstage and fund natural elevation d. Suppliers for your firm for insights round new node and market trends 9. why are lawyers and restrainers considered to be extraneous members of your team? a. Your lawyer go forth most promising work very closely with you and will know everything active your company. Therefore, it is necessary that he offers a exceedingly customized serve well to you and his contributions are normally as important as those of your team members. . An accountant is a train business sea captain who depose back up you die the strengths and weaknesses of your companys financial performance. He or she whitethorn be able to go on ship dropal to rectify change flow, strengthen margins, and come across tax benefits. c. two lawyers and accountants represent other r in your network, as both(prenominal) groups oftentimes have a lo ng list of business and victor contacts. This discount allow in everything from potential partners, customers, angel investor networks, and venture capital firms. 10. triplet major(ip) problems your team may face are burnout, social conflicts and family pressure.Describe how you can proceed and have the best them. a. take heed to each team member, not only about the progress of their assignments, but in like manner about the stresses they may be pinch b. You can pose stress-relieving activities, or bind experiences such as the Friday golden hour, or the lunch period hoops pole c. focussing your team members to set expectations for their families even ahead they join your team d. serve interpersonal conflicts as rapidly as possible or they may increase to the point where they are annihilating mediate, hire an extraneous expert, or sunburn one of the present parties