CM 443 Procore Quiz-solved

CM 443 Procore Quiz-solved Once you decide on a name for your business, which of the following is the first action you should take? Form a corporation or a limited liability company Which of the following is the first step in business planning? Performing a SWOT analysis Before entering a joint venture or partnership it is important to establish terms on: Both a & b (Management & Capital Contribution) What is the basis for a strategic plan? 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 _________, A strategic plan Fill in the blank: A marketing plan should _________. 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? Direct Mail Fill in the blank: Business Development is an art because it consists of _____. Both a & c (Image-building & Relationship development) Fill in the blank: Business development is a science because it consists of _____. Both a & b (Consulting & Turning relationships into project opportunities) Typically how long is the Long Sales Cycle in construction? Between 6 months and several years What is intrapreneurship? 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? Advice; Seed Money Which of the following is a reason big businesses often fail when implementing new branches or businesses within their business? All of the above When creating a new business unit, what is the first phase? Strategy In which of the following phases of business creation does a team take on the full responsibility of a business unit? Launch Funding Which of the following would be an example of "micro seed innovation"? Providing employees within a company with a fixed amount of discretionary funds to start their own intrapreneurial ventures Multiple Answer: When you start a new job you often sign an employer agreement that outlines which of the following? Rules against using company resources for personal work; Intellectual Property Rights Fill in the Blank: A non-disclosure agreement allows you to ______. Discuss ideas with other parties and ensure your intellectual property is protected Which of the following is a type of intellectual property protection? All of the above Once you receive funding for your intrepreneurial venture, what is the next step you should take? File for the type of business formation that makes the most sense for our organization or partnership A habit is an acquired mode of behavior that has become nearly or completely ________ . Involuntary Select All That Apply: What are the 3 components of a habit loop? Cue, Routine, Reward Which of the following is one of the 7 Lean Construction Principles? All of the above are Lean Construction Principles Which of the following Lean Construction Principles encourages employees to learn from manageable failures by embracing the acronym F.A.I.L. (First Attempt In Learning)? Continuously Improve According to Lean Construction Principles, waste is anything that does not add value to the customer. True