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7140677
Chapter 9 ( Venture Formation)
Description
Moving from an idea to an entrepreneurial firm
No tags specified
venture formation
easy
Quiz by
Rafikiel Seyvunde
, updated more than 1 year ago
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Created by
Rafikiel Seyvunde
over 7 years ago
9
0
1
Resource summary
Question 1
Question
Venture team?
Answer
a group of founders, key employees, and advisers that move a new venture from an idea to a fully functional firm
a group of founders, board members, employees' and advisors who move to a new venture to create a fully and effective functional firm.
Question 2
Question
liabilities of newness
Answer
being able to quickly adjust to the start-up environment
adjust quickly enough to their new roles
Question 3
Question
What is the ideal size of the founding team? and what are the consequences?
Answer
heterogeneous and homogenous consequences that can lead to cultural issues and group think
none of the above....
Question 4
Question
What is prior entrepreneurship experience
Answer
prior experience and knowledge
prior experience and knowledge to develop start ups
Question 5
Question
relevant industry experience is an entrepreneurs ability to successfully launch and grow an industry firm that has already been studied
Answer
True
False
Question 6
Question
board of directors are a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.
Answer
True
False
Question 7
Question
Insider director?
Answer
a person who is an officer for the firm
a police officer
a dog
Question 8
Question
an outsider director is someone who is not employed by the firm
Answer
True
False
Question 9
Question
the owner serves on the board of directors is known as signaling.
Answer
True
False
Question 10
Question
an advisory board is a panel of experts who are asked by a firms managers to provide counsel and advice on an ongoing basis
Answer
True
False
Question 11
Question
A consultant is an individual who gives professional or expert advice
Answer
True
False
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