CM 443 Procore UPDATED ACTUAL
Questions and CORRECT Answers
What is intrapreneurship? - CORRECT ANSWER✔✔- Starting a business with one's own
money
Which of the following do both intrapreneurial firms and venture capital firms provide? -
CORRECT ANSWER✔✔- Advice, Seed money
Which of the following is a reason big businesses often fail when implementing new
branches or businesses within their business? - CORRECT ANSWER✔✔- All of the above
(public ownership, impatience, people only think in terms of quarterly performance)
When creating a new business unit, what is the first phase? - CORRECT ANSWER✔✔-
Strategy
In which of the following phases of business creation does a team take on the full
responsibility of a business unit? - CORRECT ANSWER✔✔- Launch Funding
Which of the following would be an example of "micro seed innovation"? - CORRECT
ANSWER✔✔- Providing employees within a company with a fixed amount of discretionary
funds to start their own intrapreneurial ventures.
When you start a new job you often sign an employer agreement that outlines which of the
following? - CORRECT ANSWER✔✔- Rules against using company resources of personal
work, intellectual property rights
A non-disclosure agreement allows you to ----? - CORRECT ANSWER✔✔- Discuss ideas
with other parties and ensure your intellectual property is protected
Which of the following is a type of intellectual property protection? - CORRECT
ANSWER✔✔- All of the above (Trademarks, Trade secrets, patents, copyright)
, Once you receive funding for your intrapreneurial venture, what is the next step you should
take? - CORRECT ANSWER✔✔- File for the type of business formation that makes the
most sense for our organization or partnership
What percentage of Owners, General Contractors, and Trade Contractors have experienced a
dispute or claim in the last 5 years? - CORRECT ANSWER✔✔- More than 50%
Which of the following do Trade Contractors rank as the issue that has the greatest impact on
their business? - CORRECT ANSWER✔✔- Warranty Issues
True or False: Owners, general Contractors, and Trade Contractors Equally rank
constructions defects as the dispute/claim that has the greatest impact on their businesses -
CORRECT ANSWER✔✔- False
Which of the following is not one of the top three post-recession risk for contractors? -
CORRECT ANSWER✔✔- Owners transferring risk to themselves
Which of the following is considered to be the top risk evaluation strategy? - CORRECT
ANSWER✔✔- Formal Brainstorming with the team
Which of the following is considered an obstacle preventing use of more risk management
practices? - CORRECT ANSWER✔✔- All of the above (Lack of knowledge about risk
mitigation, Lack of cooperation between design and construction team, greater competition
among bidders)
True or False: There is an increased tendency for clients to shift project risk to contractors -
CORRECT ANSWER✔✔- True
Which of the following can help contractors combat an increased shift of project risk from
clients to contractors? - CORRECT ANSWER✔✔- Increase Risk Management strategies
True or false: Collaboration Increases Risk - CORRECT ANSWER✔✔- false
Questions and CORRECT Answers
What is intrapreneurship? - CORRECT ANSWER✔✔- Starting a business with one's own
money
Which of the following do both intrapreneurial firms and venture capital firms provide? -
CORRECT ANSWER✔✔- Advice, Seed money
Which of the following is a reason big businesses often fail when implementing new
branches or businesses within their business? - CORRECT ANSWER✔✔- All of the above
(public ownership, impatience, people only think in terms of quarterly performance)
When creating a new business unit, what is the first phase? - CORRECT ANSWER✔✔-
Strategy
In which of the following phases of business creation does a team take on the full
responsibility of a business unit? - CORRECT ANSWER✔✔- Launch Funding
Which of the following would be an example of "micro seed innovation"? - CORRECT
ANSWER✔✔- Providing employees within a company with a fixed amount of discretionary
funds to start their own intrapreneurial ventures.
When you start a new job you often sign an employer agreement that outlines which of the
following? - CORRECT ANSWER✔✔- Rules against using company resources of personal
work, intellectual property rights
A non-disclosure agreement allows you to ----? - CORRECT ANSWER✔✔- Discuss ideas
with other parties and ensure your intellectual property is protected
Which of the following is a type of intellectual property protection? - CORRECT
ANSWER✔✔- All of the above (Trademarks, Trade secrets, patents, copyright)
, Once you receive funding for your intrapreneurial venture, what is the next step you should
take? - CORRECT ANSWER✔✔- File for the type of business formation that makes the
most sense for our organization or partnership
What percentage of Owners, General Contractors, and Trade Contractors have experienced a
dispute or claim in the last 5 years? - CORRECT ANSWER✔✔- More than 50%
Which of the following do Trade Contractors rank as the issue that has the greatest impact on
their business? - CORRECT ANSWER✔✔- Warranty Issues
True or False: Owners, general Contractors, and Trade Contractors Equally rank
constructions defects as the dispute/claim that has the greatest impact on their businesses -
CORRECT ANSWER✔✔- False
Which of the following is not one of the top three post-recession risk for contractors? -
CORRECT ANSWER✔✔- Owners transferring risk to themselves
Which of the following is considered to be the top risk evaluation strategy? - CORRECT
ANSWER✔✔- Formal Brainstorming with the team
Which of the following is considered an obstacle preventing use of more risk management
practices? - CORRECT ANSWER✔✔- All of the above (Lack of knowledge about risk
mitigation, Lack of cooperation between design and construction team, greater competition
among bidders)
True or False: There is an increased tendency for clients to shift project risk to contractors -
CORRECT ANSWER✔✔- True
Which of the following can help contractors combat an increased shift of project risk from
clients to contractors? - CORRECT ANSWER✔✔- Increase Risk Management strategies
True or false: Collaboration Increases Risk - CORRECT ANSWER✔✔- false
