MGMT 3850 Study guides, Class notes & Summaries
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MGMT 3850 CHAPTER 12 HOMEWORK QUESTIONS AND ANSWERS
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MGMT 3850 CHAPTER 12 
HOMEWORK QUESTIONS AND 
ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 12 Managing Cash Flow 
1) Solid cash management enables a business owner to: 
A) adequately meet the cash demands of the business. 
B) avoid retaining unnecessarily large cash balances. 
C) stretch the profit-generating power of each dollar the business owns. 
D) All of the above 
Answer: D 
Diff: 1 Page Ref: 429 
AACSB: Reflective Thinking 
Learning Obj.: 1...
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MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 16 Building a Team and Management Succession 1) ________ is the process of influencing and inspiring others to work to a
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MGMT 3850 CHAPTER 16 
HOMEWORK QUESTIONS AND 
ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 16 Building a Team and Management Succession 
1) ________ is the process of influencing and inspiring others to work to achieve a common goal 
and then giving them the power and the freedom to achieve it. 
A) Management 
B) Organizing 
C) Leadership 
D) Coordination 
Answer: C 
Diff: 1 Page Ref: 610 
AACSB: Reflective Thinking 
Learning Obj.: 1 
2) Leadersh...
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MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS
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MGMT 3850 CHAPTER 16 
HOMEWORK QUESTIONS AND 
ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 16 Building a Team and Management Succession 
1) ________ is the process of influencing and inspiring others to work to achieve a common goal 
and then giving them the power and the freedom to achieve it. 
A) Management 
B) Organizing 
C) Leadership 
D) Coordination 
Answer: C 
Diff: 1 Page Ref: 610 
AACSB: Reflective Thinking 
Learning Obj.: 1 
2) Leadersh...
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MGMT 3850 CHAPTER 13 HOMEWORK QUESTIONS AND ANSWES Essentials of Entreprene
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MGMT 3850 CHAPTER 13 
HOMEWORK QUESTIONS AND 
ANSWES 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 13 Sources of Financing: Debt and Equity 
1) Entrepreneurs needing between $100,000 and $3 million in the current financial environment 
will likely find acquiring financing to be: 
A) challenging. 
B) confusing. 
C) attainable. 
D) easy. 
Answer: A 
Diff: 2 Page Ref: 469 
AACSB: Reflective Thinking 
Learning Obj.: 1 
2) Unlike entrepreneurs of the past, toda...
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MGMT 3850 CHAPTER 10 HOMEWORK QUESTION AND ANSWER
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MGMT 3850 CHAPTER 10 
HOMEWORK QUESTION AND 
ANSWER 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 10 Pricing Strategies 
1) Setting prices for products and services requires entrepreneurs to balance a multitude of 
complex forces as entrepreneurs determine prices for their goods and services that will draw 
customers and: 
A) position prices lower than all competitors. 
B) produce a profit. 
C) effectively compete with online alternatives. 
D) have high vo...
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MGMT 3850 CHAPTER 8 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship
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MGMT 3850 CHAPTER 8 
HOMEWORK QUESTIONS AND 
ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 8 Building a Powerful Marketing Plan 
1) ________ is the process of creating and delivering desired goods and services to customers 
and involves all of the activities associated with winning and retaining loyal customers. 
A) Marketing 
B) Personal selling 
C) Promotion 
D) Customer service 
Answer: A 
Diff: 1 Page Ref: 271 
AACSB: Communication 
Learning Ob...
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MGMT 3850 CHAPTER 6 HOMEWORK QUESTION AND ANSWERS
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MGMT 3850 CHAPTER 6 HOMEWORK 
QUESTION AND ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 6 Franchising and the Entrepreneur 
1) A franchise is a system of distribution in which semi-independent business owners pay 
________ and ________ to a parent company in return for the right to become identified with its 
trademark, to sell its product or services, and often to use its business format and system. 
A) a percentage of sales; royalties 
B) upfront...
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MGMT 3850 CHAPTER 5 HOMEWORK QUESTIONS AND ANSWERS
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MGMT 3850 CHAPTER 5 
HOMEWORK QUESTIONS AND 
ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) 
Chapter 5 Forms of Business Ownership 
1) The key to choosing the right form of ownership is: 
A) envisioning where your business will be in 10 years. 
B) understanding the characteristics of each form and knowing how they affect your business 
and personal circumstances. 
C) forming either an S corporation or a limited liability company since they are the only forms...
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MGMT 3850 MIDTERM STUDY GUIDE | VERIFIED GUIDE
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MGMT 3850 MIDTERM STUDY GUIDE | VERIFIED GUIDE 
 
CH. 1 
The world of Entrepreneur 
•	Every year U.S. entrepreneurs launch more than 6.6 million new businesses 
•	Entrepreneurial spirit - the most significant economic development in recent history. 
•	Globally, nearly one in eight adults is actively engaged in launching a business 
•	Global Entrepreneurship Monitor (GEM) study: 
	12.6% of the U.S. population aged 18 to 64 is engaged in entrepreneurial activity 
	68% of working adul...
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MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS
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MGMT 3850 CHAPTER 16 HOMEWORK QUESTIONS AND ANSWERS 
Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 16 Building a Team and Management Succession 
1)		is the process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it. 
A)	Management 
B)	Organizing 
C)	Leadership 
D)	Coordination Answer: C 
Diff: 1	Page Ref: 610 AACSB: Reflective Thinking Learning Obj.: 1 
 
2)	Leadership is: 
A)	essen...