Mid Term Exam

Front

What is a business plan primarily used for? Options: To define a business's objectives, To create a prototype, To conduct market research, To secure a patent

Back

To define a business's objectives

Front

Which of the following best describes creativity? Options: The ability to follow instructions, The use of imagination or original ideas, The process of market research, The act of managing a business

Back

The use of imagination or original ideas

Front

Market research is important because it helps to: Identify the value of a product, Create a prototype, Secure a patent, Develop a business plan

Back

Identify the value of a product

Front

Which of the following is NOT a step in the engineering design process? Ask, Imagine, Evaluate, Create

Back

Evaluate

Front

Someone who manages, organizes, and assumes the risks of an enterprise or business is defined as

Back

entrepreneur

Front

A precise statement of results the business expects to achieve

Back

Goal

Front

The ability to motivate individuals and groups to accomplish important goals

Back

Leadership

Front

Someone who introduces something new

Back

Innovator

Front

The definition of value means

Back

A customer's assessment of benefits relative to the costs in determining the worth of a product.

Front

A Mediator is a self conscious state in which attention focuses on oneself. It makes people more sensitive to their own attitudes and dispositions. True or False?

Back

False