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ELE 3010: Quiz 2 (chapters 4-6) Exam
Questions With Verified Answers
This is the joining of two firms in order to form a third company in which equity is shared -
Answers✔Joint Venture
A vertical merger is the combination of two firms that produce one or more of the same or
closely related products in the same geographical area - Answers✔False
This is not desirable when brainstorming is in process - Answers✔Criticism
In this method, instead of generating new ideas themselves, consumers are provided with a list of
problems in a general product category. What method is the author referring to here? -
Answers✔Problem inventory analysis
Probably the most well-known and widely used technique for creative problem solving -
Answers✔Brainstorming
An opportunity assessment pan is basically the same thing as a business plan - Answers✔False
International entrepreneurship decisions are more complex than domestic decisions due to
uncontrollable factors such as economic development and stage of economic development -
Answers✔True
Culture encompasses a wide variety of elements, including language, social structure, religion,
political philosophy, economic philosophy, education, and manners and customs -
Answers✔True
Licensing represents opportunities for: - Answers✔An entrepreneur to profit with less risk and
costly start-up investment
Brainstorming groups should - Answers✔Try to generate as many ideas as possible
What term describes that practice of paying for goods indirectly through another source? -
Answers✔Barter
1
ALL RIGHTS RESERVED.
ELE 3010: Quiz 2 (chapters 4-6) Exam
Questions With Verified Answers
This is the joining of two firms in order to form a third company in which equity is shared -
Answers✔Joint Venture
A vertical merger is the combination of two firms that produce one or more of the same or
closely related products in the same geographical area - Answers✔False
This is not desirable when brainstorming is in process - Answers✔Criticism
In this method, instead of generating new ideas themselves, consumers are provided with a list of
problems in a general product category. What method is the author referring to here? -
Answers✔Problem inventory analysis
Probably the most well-known and widely used technique for creative problem solving -
Answers✔Brainstorming
An opportunity assessment pan is basically the same thing as a business plan - Answers✔False
International entrepreneurship decisions are more complex than domestic decisions due to
uncontrollable factors such as economic development and stage of economic development -
Answers✔True
Culture encompasses a wide variety of elements, including language, social structure, religion,
political philosophy, economic philosophy, education, and manners and customs -
Answers✔True
Licensing represents opportunities for: - Answers✔An entrepreneur to profit with less risk and
costly start-up investment
Brainstorming groups should - Answers✔Try to generate as many ideas as possible
What term describes that practice of paying for goods indirectly through another source? -
Answers✔Barter
1
