BA109 Exam PART 2 with Complete Questions & Answers 100% Complete.
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BA109
Entrepreneurs choose to enter their particular business fields because they have an interest in them and enjoy those lines of work. They have often made their hobbies their business. - ANSWER-True
Women in business still experience ________ as they attempt to break the "glass ceiling." - ANSWER-...
BA109 Exam PART 2 with Complete
Questions & Answers 100% Complete.
Entrepreneurs choose to enter their particular business fields because they have an
interest in them and enjoy those lines of work. They have often made their hobbies their
business. - ANSWER-True
Women in business still experience ________ as they attempt to break the "glass
ceiling." - ANSWER-discrimination
Not all family-owned businesses are small; in fact, approximately one-third of the
Fortune 500 companies are family businesses. - ANSWER-True
An often fatal error made by many small business owners is to open their businesses on
a "shoestring," causing them to be undercapitalized. - ANSWER-True
Expanding a business usually requires no significant changes in structure or business
practices. - ANSWER-False
Because they have college degrees, a working knowledge of business, and years of
management experience, both corporate castoffs and corporate dropouts who become
entrepreneurs will most likely increase the small business survival rate. - ANSWER-
True
________ percent of all U.S. businesses are family owned and managed. - ANSWER-
Ninety
One hallmark of successful entrepreneurs is the ability to: - ANSWER-fail intelligently.
"Constantly being practical" is a mental block that can stifle creativity. - ANSWER-True
This set of experiences may enhance individual creativity. - ANSWER-All of these
Creativity and innovation are the signature of small, entrepreneurial businesses. -
ANSWER-True
Entrepreneurs can encourage creative thinking in their employees by setting examples
of creative behavior and rewarding creative behavior when exhibited by their
employees. - ANSWER-True
, Trade dress is the unique combination of elements that a company uses to create a
products image and to promote it. - ANSWER-True
The right brain takes care of the body's emotional, intuitive, and spatial functions. -
ANSWER-True
The U.S. Copyright Office does not require registering the creative work because
registering it does not give creators greater protection over their work. - ANSWER-False
Which hemisphere of the brain is responsible for the body's emotional, intuitive, and
spatial functions? - ANSWER-Right hemisphere
Steps in the patent process include: - ANSWER-All of these
The right brain processes information intuitively-all at once, relying heavily on images. -
ANSWER-True
"Divergent thinking" is the ability to see similarities and connections among various data
and events. - ANSWER-False
Hiring a diverse workforce makes it more difficult to achieve creativity in the workplace. -
ANSWER-False
Although developing a strategic plan is important for large companies, it is not essential
to managing a small company successfully because of its limited resources. -
ANSWER-False
A small company following a ________ strategy seeks to build customer loyalty by
positioning its goods and services in a unique fashion. - ANSWER-differentiation
Rather than attempting to serve the total market, the small firm pursuing a ________
strategy specializes in serving a specific target segment. - ANSWER-focus
The most effective way to communicate the values of a company to everyone it touches
is to formulate an effective mission statement. - ANSWER-True
One of the biggest changes entrepreneurs face is the shift in the economy from a base
of financial to intellectual capital. - ANSWER-True
A strategy is a road map of action for fulfilling a firm's mission, goals, and objectives. -
ANSWER-True
Goals and objectives provide targets to aim for and a basis for evaluating a company's
performance. - ANSWER-True
Focus strategies build on differences among market segments. - ANSWER-True
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