BUSI 3004 Week 2 Quiz (25 out of 25 Points)

1. Question: Most entrepreneurs have difficulty with gathering market information and do not often know where to begin. 2. Question: Only the pricing element in the business strategy of an international entrepreneur has the potential to be a "elected by the multiplicity of legal environments. 3. Question: Since bills have to be paid at di"erent times of the year, cash flow projections should be presented monthly. 4. Question: The business plan presentation for potential investors: 5. Question: Global entrepreneurs must make sure that each element in the business plan has some degree of congruence with the local culture. 6. Question: Which of the following interested parties should not have access to the venture's business plan? 7. Question: For a global entrepreneur, technological environment variations are minimal since firms produce mostly standardized, relatively uniform products that can be sorted to meet industry standards. 8. Question: The business plan addresses both short term and long term decision making. 9. Question: Planning the new venture is a process that never ends. 10. Question: The four Cs of credit are computers, capital, compromise, and collateral. 11. Question: The depth and detail of a business plan depend on: 12. Question: When evaluating business plans are primarily concerned with the four Cs of credit. 13. Question: ….. international trade and investment been generally larger 14. Question: Typically business plan projections are made in a 36-month schedule. 15. Question: The organizational plan section of the business plan should describe the venture's form of ownership. 16. Question: … Is the process of an entrepreneur conducting business activities a cross national borders. 17. Question: International entrepreneurship is the process of an entrepreneur conducting business activities across national boundaries. 18. Question: One of the biggest problems international entrepreneurs encounter is coping with technology. 19. Question: What term describes the practice of paying for goods indirectly through another source? 20. Question: Which of the following is not an important question an entrepreneur entering the international market should address? 21. Question: The executive summary section of the business plan should be written first, before other sections are developed. 22. Question: The executive summary section is only meant to high light key factors and motivate the person holding the plan to read it in its entirety. 23. Question: Before beginning the business plan, the entrepreneur should define the venture's go al sand objectives. These goals should be . 24. Question: The business plan is a private document and should not be read by employees and customers. 25. Question: Transfer risk is the risk in attempting to shift assets or other funds out of the country.