CM 443 PROCORE QUIZ | QUESTIONS AND ANSWERS |
2026 UPDATE WITH COMPLETE SOLUTION
Once you decide on a name for your business, which of the following is the first
action you should take? Answer - Form a corporation or a limited liability
company
Which of the following is the first step in business planning? Answer -
Performing a SWOT analysis
Before entering a joint venture or partnership it is important to establish terms
on: Answer - Both a & b
(Management & Capital Contribution)
What is the basis for a strategic plan? Answer - Both b & c
(It should outline a plan built upon marketing position and potential threats &
It should address the 10 year vision for your business)
Fill in the blank: A CEO is primarily concerned with _________, Answer - A
strategic plan
Fill in the blank: A marketing plan should _________. Answer - Be supported
by the business developer
, In between the time that project leads are generated and contracts are
established, which of the following can be used to leverage marketing? Answer
- Direct Mail
Fill in the blank: Business Development is an art because it consists of _____.
Answer - Both a & c
(Image-building & Relationship development)
Fill in the blank: Business development is a science because it consists of
_____. Answer - Both a & b
(Consulting & Turning relationships into project opportunities)
Typically how long is the Long Sales Cycle in construction? Answer - Between 6
months and several years
What is intrapreneurship? Answer - Starting a business within the confines of
an existing business
Multiple Answer: Which of the following do both intrapreneurial firms and
venture capital firms provide? Answer - Advice; Seed Money
Which of the following is a reason big businesses often fail when implementing
new branches or businesses within their business? Answer - All of the above
When creating a new business unit, what is the first phase? Answer - Strategy
In which of the following phases of business creation does a team take on the
full responsibility of a business unit? Answer - Launch Funding
2026 UPDATE WITH COMPLETE SOLUTION
Once you decide on a name for your business, which of the following is the first
action you should take? Answer - Form a corporation or a limited liability
company
Which of the following is the first step in business planning? Answer -
Performing a SWOT analysis
Before entering a joint venture or partnership it is important to establish terms
on: Answer - Both a & b
(Management & Capital Contribution)
What is the basis for a strategic plan? Answer - Both b & c
(It should outline a plan built upon marketing position and potential threats &
It should address the 10 year vision for your business)
Fill in the blank: A CEO is primarily concerned with _________, Answer - A
strategic plan
Fill in the blank: A marketing plan should _________. Answer - Be supported
by the business developer
, In between the time that project leads are generated and contracts are
established, which of the following can be used to leverage marketing? Answer
- Direct Mail
Fill in the blank: Business Development is an art because it consists of _____.
Answer - Both a & c
(Image-building & Relationship development)
Fill in the blank: Business development is a science because it consists of
_____. Answer - Both a & b
(Consulting & Turning relationships into project opportunities)
Typically how long is the Long Sales Cycle in construction? Answer - Between 6
months and several years
What is intrapreneurship? Answer - Starting a business within the confines of
an existing business
Multiple Answer: Which of the following do both intrapreneurial firms and
venture capital firms provide? Answer - Advice; Seed Money
Which of the following is a reason big businesses often fail when implementing
new branches or businesses within their business? Answer - All of the above
When creating a new business unit, what is the first phase? Answer - Strategy
In which of the following phases of business creation does a team take on the
full responsibility of a business unit? Answer - Launch Funding
