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Business management homework help

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1. The difference between the transaction fee and intermediary models of e-commerce is that the transaction fee model charges a fee a. for goods and services while the intermediary model charges a fee to direct website visitors to other companies’ websites. b. to advertise on a website while the intermediary model charges a fee to direct website visitors to other companies’ websites. c. for goods and services while the intermediary model charges a fee to bring buyers and sellers together. d. to bring buyers and sellers together while the intermediary model charges a fee to advertise on a website. e. to advertise on a website while the intermediary model charges a fee to bring buyers and sellers together. 2. In the context of entrepreneurship, a(n) _____ focuses on an entire venture and describes all the elements involved in starting it. a. balance sheet b. business plan c. tax invoice d. initial public offering e. income statement 3. In the context of key planning elements, which of the following is true of what venture capital firms consider important for an entrepreneurial venture? a) They believe that a good quality product is the best bet for an entrepreneurial venture. b) They believe that a strong marketing campaign is the best for an entrepreneurial venture. c) They believe that the greater the strength of a venture, the better it is. d) They believe that the venture with the highest projected profit is the best. e) They believe that what counts is a person’s ability to execute an idea.   4. Which of the following is the difference between inventors and entrepreneurs? a) Entrepreneurs have good knowledge and skills in management, business, and networking, whereas inventors lack such skills. b) Entrepreneurs have better promoting skills than inventors. c) Inventors are better able to ensure efficient operations, whereas entrepreneurs are unable to do so. d) Inventors have lower levels of creativity and innovation as compared to entrepreneurs. e) Inventors have better management, business, and networking skills as compared to entrepreneurs. 5. involves creating new systems, resources, or processes to produce new goods or services and/or serve new markets. a) Entrepreneurship b) Profiteering c) Transporting d) Advertising e) Micropayment 6. A competitive advantage in the form of relationships with other people and the image other people have of an entrepreneur is known as a) quality of life. b) opportunity analysis. c) legitimacy. d) social capital. e) community standing.   7. Which of the following individuals is most likely to become a successful entrepreneur? a) Nigel enjoys challenges, has a strong social network, has good knowledge of management techniques, and possesses excellent business skills. b) Edward is creative, embraces new ideas and products, and likes to motivate others but prefers working by himself. c) Phoebe likes to invent new products, enjoys working in the laboratory, and avoids conflict whenever possible. She has little knowledge of business. d) Hilary has an MBA and has been a manager in a corporate office for ten years. She likes a job to be well done and works best when she plans ahead. e) Kylie has strong marketing and selling skills, and loves challenges in these areas. 8. The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services is known as a) competitive aggressiveness. b) bootlegging. c) opportunity analysis. d) entrepreneurial orientation. e) innovativeness. 9. An entrepreneurial alliance between an innovator who has created at least one successful store and wants to grow and a partner who manages a new store of the same type in a new location is known as a. the affiliate model. b. an initial public offering. c. the subscription model. d. bootlegging. e. franchi

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