Effectuation - Study guides, Class notes & Summaries

Entrepreneurship correct answers is activism in disguise SME Revenue correct answers Small medium enterprises - addressing local markets - low level innovation - non tradable jobs (restaurant, dry cleaners) -Linear growth IDE Revenue correct answers Innovation driven enterprises - addressing global markets - high level innovation - tradable jobs - hockey stick growth (exponential): company's start by losing a lot of money Types of entrepreneurship correct answers - Small/me...

Defining Entrepreneurship correct answers -One who undertakes to organize, manage, and assume the risks of a business -The process of creating value by bringing together a unique package of resources to exploit an opportunity -Pursuit of opportunity w/o regard to resources currently controlled Is ent. teachable? correct answers -In the past, the answer was no -Entrepreneurship holds to a common process -That process is teachable, and there are common skills underlying it Is ent. th...

Adverse Selection correct answersInsuring of risks more prone to loss than the average Agent/Producer correct answerslegal representative of an insurance company Applicant/Proposed insured correct answersa person applying for insurance Hazard correct answersConditions that increase the probability of a loss Moral correct answerstendency toward increased risk (driving fast) Morale correct answersindifference towards risk (not locking the door) Indemnity correct answersrestoring ...

Study Guide for OHIO Life Insurance Exam 2024 Final Q&A Insurance: - CORRECT ANSWER-A contract in which the insurance company agrees to indemnify the insured party against loss, damage or liability arising from an unknown event. Insurance Transfers: - CORRECT ANSWER-The risk of loss from an individual or business entity to an insurance company, which in turn spreads costs of unexpected losses to many individuals. Direct response marketing: - CORRECT ANSWER-A direct response marketin...

Life and Health Exam Questions and Answers 100% Solved Chapter 1: Completing the application, underwriting, and delivering the policy: ️️ What is insurance? ️️Insurance TRANSFERS the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals.If there were no insurance mechanism, the cost of a loss would have to be borne solely by the individual who suffered the loss. What is included unde...

Benefit Corporation (or B-Corp) correct answers A form of organization that ensures strict standards of social and environmental performance, accountability, and transparency are met Corporate Entrepreneurship correct answers A process of creating new products, ventures, processes, or renewal within large organizations Effectuation correct answers The idea that the future is unpredictable yet controllable Entrepreneur correct answers An individual or a group who creates something new—...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

Nebraska State Life and Health Insurance Exam Terms Questions and Answers 100% Pass Adverse Selection - Answer- Insuring of risks more prone to loss than the average Agent/Producer - Answer- legal representative of an insurance company Applicant/Proposed insured - Answer- a person applying for insurance Hazard - Answer- Conditions that increase the probability of a loss Moral - Answer- tendency toward increased risk (driving fast) Morale - Answer- indifference towards risk (not locking th...

Idaho Portion – Insurance Exam Questions and Answers 100% Correct Idaho Portion – Insurance Exam Questions and Answers 100% Correct Idaho Portion – Insurance Exam Questions and Answers 100% Correct Insurance Transaction - ANSWER-Solicitation, negotiations, sale, advising an individual concerning coverage or claims negotiation - ANSWER-offer advice/communicate directly with purchaser regarding benefits Sale - ANSWER-effectuation of a contract of insurance Insurance...

ENTR 3310 Exam | Questions with 100% Correct Answers Creating a new product or venture within a large corporation is known as ______. intrapreneurship startup benefit entrepreneurship family enterprise Entrepreneurial thinking involves ______. starting with what you have expected return small actions experimentation A method of carrying out carefully focused efforts to improve current performance is ______. habitual practice effectuation deliberate practice entrepreneurship One of the seven tr...