ELE 3010 Exam 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Ownership risk - CORRECT ANSWER which among the following political risks is considered
the biggest risk of all
Product life cycle - CORRECT ANSWER defined as the states each product goes through from
intro to decline
Licensing - CORRECT ANSWER This is best described as a method that involves giving a
foreign manufacturer the right to use a patent, technology, production process, or product in return for
the payment of a royalty
True - CORRECT ANSWER T/F: international entrepreneurial decisions are more complex
than domestic decisions due to uncontrollable factors such as economic development and state of
economic development
The Gordon Method - CORRECT ANSWER Problem-solving technique that begins with group
members not knowing the exact nature of the problem
Copyrights - CORRECT ANSWER authors or publishers of software are protected under
Generate, ideas - CORRECT ANSWER brainstorming groups should try to ___________ as
many _________ as possible
True - CORRECT ANSWER T/F: a patent is a contract between the gov't and an inventor
False - CORRECT ANSWER T/F: under the Sarbanes-Oxley Act ceos are not required to vouch
for the firm's financial statements because they don't get involved with the day to day operations of
the firm
Design patent - CORRECT ANSWER a __________ ___________ is a contract that grants the
owner protection, based on the appearance of an object
QUESTIONS AND CORRECT ANSWERS
Ownership risk - CORRECT ANSWER which among the following political risks is considered
the biggest risk of all
Product life cycle - CORRECT ANSWER defined as the states each product goes through from
intro to decline
Licensing - CORRECT ANSWER This is best described as a method that involves giving a
foreign manufacturer the right to use a patent, technology, production process, or product in return for
the payment of a royalty
True - CORRECT ANSWER T/F: international entrepreneurial decisions are more complex
than domestic decisions due to uncontrollable factors such as economic development and state of
economic development
The Gordon Method - CORRECT ANSWER Problem-solving technique that begins with group
members not knowing the exact nature of the problem
Copyrights - CORRECT ANSWER authors or publishers of software are protected under
Generate, ideas - CORRECT ANSWER brainstorming groups should try to ___________ as
many _________ as possible
True - CORRECT ANSWER T/F: a patent is a contract between the gov't and an inventor
False - CORRECT ANSWER T/F: under the Sarbanes-Oxley Act ceos are not required to vouch
for the firm's financial statements because they don't get involved with the day to day operations of
the firm
Design patent - CORRECT ANSWER a __________ ___________ is a contract that grants the
owner protection, based on the appearance of an object
