Which of the following is a responsibility of a CFO? Marketing the company's products Managing and planning cash flow Hiring new employees Designing company logos

Managing and planning cash flow

What does a COO oversee in a business?

Day-to-day operations and administrative functions

What decision is made during the pivot or persist stage?

Whether to continue growing the business into a large company or pivot to a new project

Self-reliance in the context of entrepreneurship means:

Relying on one's own capabilities and resources

How is forward thinking important for an entrepreneur?

It helps in anticipating future challenges and opportunities.

Opportunity recognition for entrepreneurs involves identifying and evaluating potential business opportunities. Which of the following best describes this concept?

Identifying and evaluating potential business opportunities

How does resiliency benefit an entrepreneur?

Resiliency allows an entrepreneur to recover quickly from setbacks and continue pursuing their goals.

Grit is important for entrepreneurs because it helps them to:

Overcome challenges and persist in the face of setbacks

The belief associated with a growth mindset is:

intelligence can be developed through effort and learning

Critical thinking helps in problem-solving by:

Providing a structured approach to analyze and evaluate information

The role of creativity and innovation in entrepreneurship is to:

foster new ideas and solutions.

Collaboration contributes to achieving a common goal by:

promoting teamwork and shared responsibility

Problem-solving as an entrepreneurial characteristic involves:

Identifying and analyzing problems

Personal agency in the context of entrepreneurship means:

Having control over one's own actions and decisions

How do ethical practices influence decision-making in entrepreneurship?

Enhancing trust and credibility

What does the seller guarantee about the income when the product is resold?

The seller guarantees a fixed income.

What do buyers agree to do in a franchise?

Operate under the franchisor's brand and system

Legal Structure Flashcards

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50 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the highest ranked position in a company?

Back

CEO

2.

FLASHCARD QUESTION

Front

Who is responsible for a business's success?

Back

The CEO

3.

FLASHCARD QUESTION

Front

Who makes major decisions for the company?

Back

Board of Directors

4.

FLASHCARD QUESTION

Front

Who oversees operations and resources in a company?

Back

COO

5.

FLASHCARD QUESTION

Front

Who develops the company's vision, strategy, and mission?

Back

The CEO

6.

FLASHCARD QUESTION

Front

Who reports to the Board of Directors?

Back

CEO

7.

FLASHCARD QUESTION

Front

The primary responsibility of a CFO is to:

Back

Manage the company's finances

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