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Chapter 1 Lance
What is a glass ceiling?
What is an Entrepreneur
Chapter 1 Lance
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Answers
1
What is an Entrepreneur
People who launch and run their own business
A person that is hired by a business to come up with ideas.
A company that is independently owned and operated
Entrepreneurship within a company but not with their own investments
2
What is a glass ceiling?
Another word for a skylight.
a set of behaviors associated with a particular job.
prevents women and minorities from moving up in the business world.
a basic law or truth
3
Which isn't one of the three levels of managment
Upper-middle managment
Supervisory management
Middle management
Senior management
4
Middle managers make sure day-to-day operations run smoothly.
True
False
5
Which skill is this: "specific abilities that people use to perform their jobs"
Technical skills
Conceptual skills
Strategy skills
Human relation skills
6
What is a senior manager?
Make sure the day-to-day operations of the business run smoothly.
Top dog managers, Establish goals for the business.
The owner of the business.
Sets goals for specific areas of the business to meet the boss's goals
7
Which one is NOT a managment task
Staffing
Organizing
Planning
Controlling people
8
Which is not a management skill
Entertainment skills
Human relation skills
Conceptual skills
Technical skills
9
500 or less people is considered a small business.
False
True
10
What is the task "Controlling"
Assigns employees to complete tasks
Provide guidance to employees; leads by keeping lines of communication open
Make sure people are doing their jobs
Measures how the business performs to ensure that money goals are being met
11
What is a partnership
Someone who makes a business
when one person owns a business
A legal agreement
2 or more people that own a business
12
How are intrapreneurs compared to entrepreneurs in terms of risk level?
Less risky
More risky
same level of risk
They aren't comparable
13
what is an interpersonal role
a set of behaviors associated with a particular job
a manager’s relationships with people
Being able to make decisions
require a manager to provide knowledge, news, or advice to employees.
14
What is a professional manager?
A company that is independently owned and operated
Deciding how to best use a business’s resources
People who launch and run their own business
Paid to perform management functions within a company.
15
incorporated business owners able to be sued for their house.
True
False
16
What are Information-related roles
when making changes in policies, resolving or conflicts
a manager’s relationships with people
require a manager to provide knowledge, news, or advice to employees.
Being able to manage money effectivley
17
Why would a business incorporate
avoid being held personally liable for financial losses
to try to avoid taxes
they want to work alone
Doesn't want a lawyer
18
Which one is a managment role
Entertainment
Decision-making
Education
Money
19
Which isn't a pro to being an entrepreneur
Work and personal life mix
Don't share profits
Vacation anytime
Work your own hours
20
What percentage of businesses are considered small in the US
95%
99%
50%
90%
