19) Entrepreneurial venture is just another name for a small business. True or False 20) Bad economic conditions make it especially difficult for an entrepreneurial organization to expand. True or False 21) Entrepreneurs are frequently challenged by an aversion to record keeping, True or False 22) Which of the following online businesses is the most likely to use the transaction fee model? A) a newspaper B) a specialized encyclopedia C) a do-it-yourself auction site D) a clothing retailer E) a search engine Answer: 23) Which of the following online businesses uses the intermediary model of e-commerce? A) eBay B) iTunes C) Google D) Wayfair E) Zappos Answer: 24) Which of the following e-commerce models is an online newspaper most likely to use? A) affiliate B) intermediary C) advertising support D) subscription E) transaction fee Answer: 25) Louise and Cecile want to start an online matchmaking service. They decide who will assume the various roles in the company, evaluate who their target customers will be, research their competitors and how they will differentiate themselves, assess the financial and regulatory issues they might expect to face, and anticipate the future risks they might encounter. Which of the following situations is most likely to happen as a result of Louise and Cecile forgetting to include certain elements in their business plan? A) They might find that they are not well suited for the roles they have assumed. They might find that they are not well suited for the roles they have assumed. B) They might find that there are too many matchmaking services already operating C) They may realize that the competition is offering the same service at a lower price. D) They may realize they have not decided how to get their message out to customers and how and why their matchmaking service is different and better. E) They may realize they have not made accommodations for rules for online services. Answer: 26) Xyrotech Inc, pays Gen-Platforum.com a commission to launch promotions on websites associated with it. This is an example of the model. A) demographic B) affiliate C) transaction fee D) intermediary E) subscription Answer: 27) It is generally accepted that having fewer hierarchical levels of organizational reporting creates greater operating efficiency. True or False 28) The legitimate right to make decisions and to tell other people what to do is referred to as A) hierarchy. B) delegation. C) specialization. D) legitimacy E) authority. Answer 29) People are a source of competitive advantage when their skills, knowledge, and abilities are equally available to all competitors. True or False_ 30) The final stage in the human resources planning process is to A) evaluate the activities conducted to ensure that they are producing the desired results. B) discharge those employees determined to be ineffective at realizing organizational goals. C) implement the plans determined earlier in the planning process. D) evaluate the hiring and termination decisions made for legal compliance. E) ensure that the right number and types of people are available for hiring. Answer: 31) The percentage of women in the labor force earning college degrees has nearly quadrupled since the early 1970s. True or False 32) Alcoholism and drug addiction while different from Cerebral Palsy, Alzheimers. Multiple Sclerosis, are nonetheless characterized as disabilities. True or False
