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Question
When it comes to decision making, in a limited partnership:A.there is no separation of ownership and control.
B.limited partners have no control over business decisions.
C.limited partners have an equal say, but no liability.
D.the partners have control based on invested capital.
Answer
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Generally, independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly.
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A narrow scope strategy reduces the risks associated with competition.
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A narrow scope strategy is better than a broad scope strategy in an environment high in uncertainty.
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Adaptations necessary to meet changes in market demand are difficult because an organization resists change.
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First movers suffer a cost disadvantage as they are not able to move down the experience curve.
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The knowledge needed to generate innovation cannot be easily learned from a textbook.
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_____ refers to the probability, and magnitude, of downside loss.
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A.Building customer loyalties
B.Securing access to supply of key resources
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D.Building in switching costs
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A.customer switching costs.
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C.resource costs.
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The U.S. Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.
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Which of the following problem-solving techniques begins with group members not knowing the exact nature of the problem?
A.Parameter analysis
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C.The Gordon method
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Reverse brainstorming is much like brainstorming except that:
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B.the technique is based on finding solutions.
C.the group need not be careful to maintain good morale.
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_____ is not desirable when brainstorming is in process.
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