1|Page
GB 370 Gentry Final Questions and Answers with
Solutions UPDATED!!!
In countries like Russia and Greece, family and background
count for more than performance does. - ANSWER True
Hierarchy as an organization is necessary for - ANSWER Unity of
Command
In highly assertive countries, competition between
individuals and groups is discouraged. - ANSWER False
Only supervisors are affected by the principles of management.
- ANSWER False
Working with people from different countries can be a
challenge because of - ANSWER Language issues and different
cultural norms
As a manager, if you feel like you are wearing a lot of hats, this
is a good thing. - ANSWER True
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The company that relies on computer and
telecommunications technologies instead of physical presence
for communication between employees is a - ANSWER Virtual
Organization
Which of the following is not a type of manager described
in the Levels of Management? - ANSWER Section Managers
The penetration of mobile phones is changing the way we do
business because - ANSWER People are are more connected
and able to share more information
Frederick Taylor is most famous for - ANSWER Time studies
Managers do not spend all of their time managing. - ANSWER
True
People in societies where uncertainty avoidance is high -
ANSWER Want strict rules, laws, and policies
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A way to test ideas in small steps is - ANSWER Experimentation
In high power distance countries, decision-making power is
distributed equally among the groups. - ANSWER False
Which of the following is not a disadvantage of franchising? -
ANSWER Reduced financial risk of new business success
You can refer to a lawyer who does a good job for our company
as a valuable asset. - ANSWER True
What is something you don't have to do before the trademark
search of your new idea names? - ANSWER Narrow to only one,
maybe two, name ideas
Even if your company isn't incorporated, you can still use the
word "Inc." in your firm name. - ANSWER False
Which option below is the fastest growing segment of small-
business enterprise? - ANSWER Services
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When choosing an accountant, you want to find out their
services, fees, and - ANSWER Personality
The legal structure for your company is important, but not in
relating to taxes. - ANSWER False
The most common forms of business are sole proprietorship,
partnership, corporation, and - ANSWER S-Corporation
Which is the legal structure with the easiest start-up process? -
ANSWER Sole Proprietorship
Most of the products created in the high-technology sectors are
created by large corporations. - ANSWER False
The ability to learn faster from customers is the essential
competitive advantage startups must posses. - ANSWER True
The IRS does not have any restrictions on non-profit
organizations. - ANSWER False
GB 370 Gentry Final Questions and Answers with
Solutions UPDATED!!!
In countries like Russia and Greece, family and background
count for more than performance does. - ANSWER True
Hierarchy as an organization is necessary for - ANSWER Unity of
Command
In highly assertive countries, competition between
individuals and groups is discouraged. - ANSWER False
Only supervisors are affected by the principles of management.
- ANSWER False
Working with people from different countries can be a
challenge because of - ANSWER Language issues and different
cultural norms
As a manager, if you feel like you are wearing a lot of hats, this
is a good thing. - ANSWER True
,2|Page
The company that relies on computer and
telecommunications technologies instead of physical presence
for communication between employees is a - ANSWER Virtual
Organization
Which of the following is not a type of manager described
in the Levels of Management? - ANSWER Section Managers
The penetration of mobile phones is changing the way we do
business because - ANSWER People are are more connected
and able to share more information
Frederick Taylor is most famous for - ANSWER Time studies
Managers do not spend all of their time managing. - ANSWER
True
People in societies where uncertainty avoidance is high -
ANSWER Want strict rules, laws, and policies
,3|Page
A way to test ideas in small steps is - ANSWER Experimentation
In high power distance countries, decision-making power is
distributed equally among the groups. - ANSWER False
Which of the following is not a disadvantage of franchising? -
ANSWER Reduced financial risk of new business success
You can refer to a lawyer who does a good job for our company
as a valuable asset. - ANSWER True
What is something you don't have to do before the trademark
search of your new idea names? - ANSWER Narrow to only one,
maybe two, name ideas
Even if your company isn't incorporated, you can still use the
word "Inc." in your firm name. - ANSWER False
Which option below is the fastest growing segment of small-
business enterprise? - ANSWER Services
, 4|Page
When choosing an accountant, you want to find out their
services, fees, and - ANSWER Personality
The legal structure for your company is important, but not in
relating to taxes. - ANSWER False
The most common forms of business are sole proprietorship,
partnership, corporation, and - ANSWER S-Corporation
Which is the legal structure with the easiest start-up process? -
ANSWER Sole Proprietorship
Most of the products created in the high-technology sectors are
created by large corporations. - ANSWER False
The ability to learn faster from customers is the essential
competitive advantage startups must posses. - ANSWER True
The IRS does not have any restrictions on non-profit
organizations. - ANSWER False
