Exam 9: Building a New Venture Team

Consultants fall into two categories: paid consultants and consultants who are made available for free or at a reduced rate through a nonprofit or government agency.

(True/False)

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Question 41

What is a skills profile and what is it used for?

(Essay)

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Question 42

Which of the following statements is incorrect regarding founding teams?

(Multiple Choice)

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Question 43

The fact that a corporation has a board of directors precludes it from having a board of advisors.

(True/False)

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Question 44

What is SCORE? What is its role in helping a firm fill out its new venture team?

(Essay)

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Question 45

An inside director is someone who is not employed by the firm. An outside director is a person who is also an officer of the firm.

(True/False)

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Question 46

An advisory board is a panel of experts who are asked by a firm's managers to provide counsel and advice on an ongoing basis.

(True/False)

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Question 47

More people are willing to serve on a company's board of directors than board of advisors.

(True/False)

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Question 48

Which of the following statements about advisory boards is incorrect?

(Multiple Choice)

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Question 49

Prior entrepreneurial experience, relevant industry experience, and networking are attributes that strengthen the chances of a founder's success.

(True/False)

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Question 50

Ned Kite is a four time business owner. One thing that has served Ned well throughout his entrepreneurial career is his ability to build and maintain relationships with people whose interests are similar or whose relationships could bring advantages to his new ventures. According to the textbook, Ned is a good:

(Multiple Choice)

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Question 51

A board of directors has three formal responsibilities: appoint the officers of the firm, declare dividends, and:

(Multiple Choice)

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Question 52

Founding teams that have worked together before, as opposed to teams that are working together for the first time, have an edge.

(True/False)

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Question 53

If a new venture organizes as a corporation, it is legally required to have a ________, which is a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.

(Multiple Choice)

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Question 54

Which of the following statements is untrue regarding founding teams?

(Multiple Choice)

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Question 55

A board of directors is typically made up of both outside and ________ directors.

(Multiple Choice)

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Question 56

Which of the following statements is not true regarding the attributes of the founder or founders of a firm?

(Multiple Choice)

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Question 57

According to a recent PricewaterhouseCoopers survey, a total of ________ of the 245 CEOs surveyed reported that a lack of qualified workers is a potential barrier to growth for their firms.

(Multiple Choice)

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Question 58

What is the difference between a heterogeneous and a homogeneous founding team? Which type of team has the advantage?

(Essay)

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Question 59

According to the textbook, although a board of directors has formal governance responsibilities, its most useful role is to:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 75

Consultants fall into two categories: paid consultants and consultants who are made available for free or at a reduced rate through a nonprofit or government agency.

What is a skills profile and what is it used for?

Which of the following statements is incorrect regarding founding teams?

The fact that a corporation has a board of directors precludes it from having a board of advisors.

What is SCORE? What is its role in helping a firm fill out its new venture team?

An inside director is someone who is not employed by the firm. An outside director is a person who is also an officer of the firm.

An advisory board is a panel of experts who are asked by a firm's managers to provide counsel and advice on an ongoing basis.

More people are willing to serve on a company's board of directors than board of advisors.

Which of the following statements about advisory boards is incorrect?

Prior entrepreneurial experience, relevant industry experience, and networking are attributes that strengthen the chances of a founder's success.

A board of directors has three formal responsibilities: appoint the officers of the firm, declare dividends, and:

Founding teams that have worked together before, as opposed to teams that are working together for the first time, have an edge.

If a new venture organizes as a corporation, it is legally required to have a ________, which is a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.

Which of the following statements is untrue regarding founding teams?

A board of directors is typically made up of both outside and ________ directors.

Which of the following statements is not true regarding the attributes of the founder or founders of a firm?

According to a recent PricewaterhouseCoopers survey, a total of ________ of the 245 CEOs surveyed reported that a lack of qualified workers is a potential barrier to growth for their firms.

What is the difference between a heterogeneous and a homogeneous founding team? Which type of team has the advantage?

According to the textbook, although a board of directors has formal governance responsibilities, its most useful role is to:

Introduction to Entrepreneurship

Recognizing Opportunities and Generating Ideas

Feasibility Analysis

Writing a Business Plan

Industry and Competitor Analysis

Developing an Effective Business Model

Preparing the Proper Ethical and Legal Foundation

Assessing a New Venture's Financial Strength and Viability

Getting Financing or Funding

Unique Marketing Issues

The Importance of Intellectual Property

Preparing for and Evaluating the Challenges of Growth

Strategies for Firm Growth

Franchising

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