CM 443 Procore Quiz
1.Once you decide on a name for your business, which of the following is thefirst action
you should take?
ANSForm a corporation or a limited liability company
2.Which of the following is the first step in business planning?
ANSPerforming aSWOT analysis
3.Before entering a joint venture or partnership it is important to establishterms on
ANSBoth a & b
(Management & Capital Contribution)
4.What is the basis for a strategic plan?
ANSBoth b & c
(It should outline a plan built upon marketing position and potential threats & It shouldaddress the
10 year vision for your business)
5.Fill in the blank
A CEO is primarily concerned with ,
ANSA strategicplanCM 443 Procore Quiz.pdf file:///C:/Users/HP/Desktop/New%20folder%20CONVERT/CM%204...
1 of 17 7/25/2024, 1:30 AM 6.Fill in the blank A marketing plan should .
ANSBe supported by thebusiness developer
7.In between the time that project leads are generated and contracts are established,
which of the following can be used to leverage marketing?
ANSDirectMail
8.Fill in the blank
ANS Business Development is an art because it consists of
.
ANSBoth a & c
(Image-building & Relationship development)
9.Fill in the blank
ANS Business development is a science because it consists of
.
ANSBoth a & b
(Consulting & Turning relationships into project opportunities)
10. Typically how long is the Long Sales Cycle in construction?
ANSBetween 6months and several years
11. What is intrapreneurship?CM 443 Procore Quiz.pdf file:///C:/Users/HP/Desktop/New%20folder%20CONVERT/CM%204...
2 of 17 7/25/2024, 1:30 AM ANSStarting a business within the confines of an exist-ing business
12. Multiple Answer
ANSWhich of the following do both intrapreneurial firms andventure capital firms
provide?
ANSAdvice; Seed Money
13. Which of the following is a reason big businesses often fail when imple-menting
new branches or businesses within their business?
ANSAll of the above
14. When creating a new business unit, what is the first phase?
ANSStrategy
15. In which of the following phases of business creation does a team take onthe full
responsibility of a business unit?
ANSLaunch Funding
16. Which of the following would be an example of "micro seed innovation"?-
ANSProviding employees within a company with a fixed amount of discretionary fundsto start
their own intrapreneurial venturesCM 443 Procore Quiz.pdf file:///C:/Users/HP/Desktop/New%20folder%20CONVERT/CM%204...
3 of 17 7/25/2024, 1:30 AM
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