Own Business Management.d(1)

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Which type of business ownership provides limited liability for the owner(s)?
One advantage of a general partnership over a sole proprietorship is a general partnership
A business owner with unlimited liability
A country’s rules of business etiquette reflect
Entrepreneurs who learn the social etiquette of a different culture
In a negotiation, it is important to focus on
Failing to manage your time can lead to some consequences, like
Which of the following is a true statement?
Which word means determine the order for dealing with (a series of items or tasks) according to their relative importance?
What does the R in S.M.A.R.T goals stands for?
What is the definition of an entrepreneur?
Which of the following is NOT true about an entrepreneur?
What role do entrepreneurs play in economics?
Which of the following is not a risk for an entrepreneur?
Being an entrepreneur involves risks as well as rewards. Which of the following is a risk of being an entrepreneur?
What is possibly the biggest reward of becoming an entrepreneur?
As an entrepreneur, the amount of time you spend working is typically
What percentage of business owners use their own money to start the business?
An experiences person who volunteers to provide free guidance, tutoring, and suggestions to younger individuals is called a(n)
A natural ability to do a particular type of work or activity well is called
Being opportunity focused means you never lose sight of:
When considering a new opportunity, what should be the first consideration?
What is a Patent?
Which of these options best describes opportunity cost?
What is a cost-benefit analysis?
What is a trade-off?
The period you must act on a business opportunity before it disappears is called the
What is a vision statement?
Which of the following is true about a business plan?
The Business Plan of a for-profit company typically focuses on?
What is Inclusion?
What does the concept of diversity in the workplace refer to?
Organizational Diversity Initiatives should fit in with the:
Which of the following terms describes the natural abilities individuals are born with?
Which of the following is NOT a quality of collaboration?
Which is NOT true of great leaders?
Which of the following is NOT true of teamwork in the workplace?
Which of the following terms allows individuals to use their understanding of others to choose how they think and act?
A good decision is…
The decision-making model will help you to:
As an entrepreneur, you may find that indirect competitors
Competitors should be analyzed concerning their:
The most important way to maintain customer loyalty is
What is a good way to attract customers from competitors?
A leadership plan that achieves a specific set of goals or objectives is called … …
Coca-Cola decided to sell their brand of mineral water called Dasani in the Malaysian market. This is an example of what type of business strategy
A product or service that an organization’s customers place a greater value on than similar offering from a competitor is the definition of:
… costs mean manipulating costs to make customers reluctant to switch to another product
When a company develops unique differences in its products or services with the intent to influence demand it is called … …
Which of the following is not an example of data that would be included in a B2C customer profile?
This is needed when business processes include some form of automation and information technology
What does ERP stand for?
What is at the heart of any ERP system?
In a process-oriented organization, who is directly accountable for poor performance of a process?
What is the primary difference in an organization before and after an ERP installation?
Complete the sentence: A business plan…
Which part of the business plan explains the process of attraction of customers to your business and how you determined the appropriate customers?
What are the disadvantages of creating a business plan?
What part of the plan focuses on what you are selling and the benefits that the customers will receive (the cost of the marketed items/acts)?
Common features of e-commerce include:
The core values, beliefs, and assumptions that are widely shared by members of an organization are termed:
Organization culture consists of the core values, beliefs, and assumptions that are widely shared by members of an organization. What purpose does it serve?
Which of the following is not the objectives of giving an effective evaluation?
Nonverbal communication when people look a each other in the eyes
Type of speech where the speaking is showing the audience how to make or do something
Information about the outcomes of past or present activities or a system’s operations results is best described as …
What is creativity?
… is a payment system that rewards people for who meet set targets over a period
Isaac feels like his hard work is never recognized. Which level of needs (Maslow) is not being satisfied?
Which of the following does NOT demonstrate creativity and resourcefulness?
A program of one-to-one collaboration between a certified external expert and a manager for developing the leadership skills of the latter is called
The initial training effort to inform the new managers about the company, the job, and the work group is known as
The development technique which educates the trainees about the need for and the techniques of prioritizing the situations for decision-making is called
How can you describe the thinking and outlook of transformational leaders?
What are the key characteristics of transactional leaders?
Strategic planning for change is …
Change process that involves Design, Develop and Deliver is … side of change
The three stages of the Organizational change process are
Successful businesses are those that can:
Which of the following is the best explanation of business process reengineering?