WGU C483 Principles of Management Frequently Tested Exam Questions With Verified
Multiple Choice and Conceptual Actual 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
The economic environment affects the success of entre-
Which of the following is true of the role of the economic
preneurial ventures by affecting the supply of capital and
environment in the success of entrepreneurial ventures?
prospective opportunities.
Legitimacy increases the probability of success of a new helping a firm acquire resources such as top managers
business by and good employees.
Business incubators provide small businesses with protected environments.
Which of the following is an example of an entrepreneurial
rising oil prices
opportunity categorized under economic dislocations?
An entrepreneurial alliance between an innovator who has
created at least one successful store and wants to grow
franchising.
the business and a partner who manages a new store of
the same type in a new location is called
Which of the following is a formal planning step that fo-
cuses on an entire venture and describes all the elements a business plan
involved in starting it?
Jess is planning on raising capital through federally reg-
istered and underwritten sales of shares in the company. initial public ottering
Which plan is Jess planning on using?
One of the common challenges entrepreneurs face is lack of enjoyment in what they do.
Entrepreneurs can assemble a group of people to help
them learn the basics of business and build relationships
advisory board.
with bankers, accountants, and attorneys. Such a group is
called a(n)
blank owners tend not to manage particularly
aggressively and expect normal, moderate levels of sales, Small business
profits, and growth.
Carl, lab manager for MedEx Pharmaceuticals, told his
research chemist, "Mandy, you have my blessing to use
, company equipment on evenings and weekends to create
new products and processes of your own choosing and
initiative. I know that this will result in some lost time, but I
bootlegging
also know that it will contribute to learning and, ultimately,
some profitable innovations." Carl's advice to Mandy is an
example of
Intrapreneurs are also called corporate entrepreneurs.
Laronda has been selected to lead a team to produce a
new product for the company where she is an employee.
The company is a large manufacturer of pharmaceutical
process equipment and Laronda has the opportunity and skunkworks
responsibility to lead a fully funded project team for 12
months to develop the idea. Laronda is excited to lead this
team.
Which of the following is true about social entrepreneur- It creates economic value and social benefits simultane-
ship? ously.
When an enterprising individual pursues a lucrative op-
entrepreneurship.
portunity, it is known as
Who among the following most likely possesses the key Juana is very innovative and knowledgeable and believes
characteristics of a successful entrepreneur? that she would be a successful entrepreneur.
Tiyona Motors plans to introduce a fast, stylish car to
its fleet that management hopes will appeal to high-end
The financial investment will be high, and the competition
buyers and grant Tiyona entry into the luxury market.
will be heavy.
Based on this scenario, what possible outcome should
Tiyona be prepared for?
The blank model of e-commerce brings buyers
and sellers together and charges a commission for each intermediary
sale.
Multiple Choice and Conceptual Actual 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
The economic environment affects the success of entre-
Which of the following is true of the role of the economic
preneurial ventures by affecting the supply of capital and
environment in the success of entrepreneurial ventures?
prospective opportunities.
Legitimacy increases the probability of success of a new helping a firm acquire resources such as top managers
business by and good employees.
Business incubators provide small businesses with protected environments.
Which of the following is an example of an entrepreneurial
rising oil prices
opportunity categorized under economic dislocations?
An entrepreneurial alliance between an innovator who has
created at least one successful store and wants to grow
franchising.
the business and a partner who manages a new store of
the same type in a new location is called
Which of the following is a formal planning step that fo-
cuses on an entire venture and describes all the elements a business plan
involved in starting it?
Jess is planning on raising capital through federally reg-
istered and underwritten sales of shares in the company. initial public ottering
Which plan is Jess planning on using?
One of the common challenges entrepreneurs face is lack of enjoyment in what they do.
Entrepreneurs can assemble a group of people to help
them learn the basics of business and build relationships
advisory board.
with bankers, accountants, and attorneys. Such a group is
called a(n)
blank owners tend not to manage particularly
aggressively and expect normal, moderate levels of sales, Small business
profits, and growth.
Carl, lab manager for MedEx Pharmaceuticals, told his
research chemist, "Mandy, you have my blessing to use
, company equipment on evenings and weekends to create
new products and processes of your own choosing and
initiative. I know that this will result in some lost time, but I
bootlegging
also know that it will contribute to learning and, ultimately,
some profitable innovations." Carl's advice to Mandy is an
example of
Intrapreneurs are also called corporate entrepreneurs.
Laronda has been selected to lead a team to produce a
new product for the company where she is an employee.
The company is a large manufacturer of pharmaceutical
process equipment and Laronda has the opportunity and skunkworks
responsibility to lead a fully funded project team for 12
months to develop the idea. Laronda is excited to lead this
team.
Which of the following is true about social entrepreneur- It creates economic value and social benefits simultane-
ship? ously.
When an enterprising individual pursues a lucrative op-
entrepreneurship.
portunity, it is known as
Who among the following most likely possesses the key Juana is very innovative and knowledgeable and believes
characteristics of a successful entrepreneur? that she would be a successful entrepreneur.
Tiyona Motors plans to introduce a fast, stylish car to
its fleet that management hopes will appeal to high-end
The financial investment will be high, and the competition
buyers and grant Tiyona entry into the luxury market.
will be heavy.
Based on this scenario, what possible outcome should
Tiyona be prepared for?
The blank model of e-commerce brings buyers
and sellers together and charges a commission for each intermediary
sale.
