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MGT 100 Questions and Answers correct
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MGT 100 Questions and Answers correct Decision Point: Business Form Roger remembers from a business class he took years ago in college that there are several business forms to choose from. Each form offers both advantages and disadvantages. Roger is most concerned that the form he chooses provide...

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  • December 15, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mgt 100 questions and answers correct
  • decision point business form roger remembers from
  • decision point feasibility study roger must creat

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  • IFPC
  • IFPC

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MGT 100 Questions and Answers correct
Decision Point: Business Form
Roger remembers from a business class he took years ago in college that there are
several business forms to choose from. Each form offers both advantages and
disadvantages. Roger is most concerned that the form he chooses provides some form
of legal protection for the owners in case he is sued by someone who hurts themselves
while using one of his hammocks. Which type of business would be best for Roger? -
answer You chose a limited liability company. This was the best choice. This form of
ownership will fit his need perfectly.

Decision Point: Feasibility Study
Roger must create a feasibility study to see how the money from the investor could be
spent to best enhance the business's money-making potential. He knows there are
several things that should go in the plan, but some are unnecessary. Which of the
following does NOT belong in the feasibility study? - answer You chose quality plan.
This was the best choice. There is nothing traditionally called a quality plan in a
feasibility analysis.

Decision Point: Financing
Roger is almost done with his feasibility study and is concerned about the financing. Up
until this point, he has been operating using his own finances. He is confident that he
will get the money from the investor, but he is worried that he should do something
quickly to justify the money he will be getting. Which of the following should be Roger's
next step? - answer You chose to work to generate ideas for a product line. This was
the best choice. Innovation is a very important aspect of entrepreneurship. Roger
should have more options available than just one product.

Decision Point: Hiring Decision
After reviewing the three candidates, which candidate should Roger select? - answer
You chose Caley. That was the best choice. Although Caley may not have the level of
work experience as Marco or Sally, her passion for the product and her experience in
the fashion industry make her the best choice for developing new product lines.

Decision Point: Studying the Competition
As Caley sets to work generating possible improvements to the current design and
coming up with new ones of her own, Roger turns his attention back to the feasibility
analysis. With his background in marketing, he thinks it is a good idea to better study his
competitors. Which of the following would be good pieces of information to know about
the competition? - answer You chose, "What are your competition's advantages?"
This was the best choice. Understanding what makes your competitor able to compete
in the market is great information to have. This way you can attack where they are
weak, not where they are strong.

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