BUSI 3004 Week 2 Quiz

(BUSI 3004 Week 2 Quiz, BUSI 3004 Week 2 Quiz)

1. Question: Most entrepreneurs have difficulty with gathering market information and do not often know where to begin.
2. Question: Only the pricing element in the business strategy of an international entrepreneur has the potential to be a “elected by the multiplicity of legal environments.
3. Question: Since bills have to be paid at different times of the year, cash flow projections should … monthly.
4. Question: The business plan presentation for potential investors:
5. Question: Global entrepreneurs must make sure that each element in the business plan has some degree of congruence with the local culture.
6. Question: Which of the following interested parties should not have access to the venture’s business plan?
7. Question: For a global entrepreneur, technological environment variations are minimal since firms produce mostly … , relatively uniform products that can … to meet industry standards.
8. Question: The business plan addresses both short term and long term decision making.
9. Question: Planning the new venture is a process that never ends.
10. Question: The four Cs of credit are computers, capital, compromise, and collateral.
11. Question: The depth and detail of a business plan depend on:
12. Question: When evaluating business plans are primarily concerned with the four Cs of credit.
13. Question: …..international trade and investment been generally larger
14. Question: Typically business plan projections are made in a 36-month schedule.
15. Question: The organizational plan section of the business plan should describe the venture’s form of
16. Question: … Is the process of an entrepreneur conducting business activities a cross national
17. Question: International entrepreneurship is the process of an entrepreneur conducting business activities across national boundaries.
18. Question: One of the biggest problems international entrepreneurs encounter is coping with technology.
19. Question: What term describes the practice of paying for goods indirectly through another source?
20. Question: Which of the following is not an important question an entrepreneur entering the international market should address?
21. Question: The executive summary section of the business plan should … written first, before other sections are …
22. Question: The executive summary section is only meant to high light key factors and motivate the person holding the plan to read it in its entirety.
23. Question: Before beginning the business plan, the entrepreneur should define the venture’s go al sand These goals should be .
24. Question: The business plan is a private document and should not … read by employees and customers.
25. Question: Transfer risk is the risk in attempting to shift assets or other funds out of the country.