DC Entrepreneurship Review Part 6

Which of the following is not a standard organizational structure?

• Divisional

• Sequential

• Matrix

• Functional

• Flat

Which of the following is not an instances in which you would need to hire an attorney?

• When determining your business's ownership structure

• When negotiating contracts

• When environmental issues impact your business

• When encountering difficult employee issues

• When scouting for your business location

Ms. Studebaker plans to retire and move to Florida. Before doing so, she must develop which of the following to pass on her business?

• Managerial Plan

• Non-Disclosure Agreement

• Partnership Agreement

• Succession Plan

• Proprietary Contract

Ms. Studebaker recently chose to purchase her competitor at the opposite end of town, in order to expand her target market. What type of merger is this?

• Acquisition

• Monopoly

• Horizontal

• Diagonal

• Vertical

Ms. Studebaker is concerned with treating her employees fairly, both in terms of their wages and in terms of the opportunities that they receive. Ms. Studebaker's behavior aligns well with which level of the ethics framework?

• Employee Social Issues

• Societal Issues

• Stakeholder Issues

• Internal Policy Issues

• Personal Issues

The hiring manager of XYZ Widget is interviewing Ted. Ted seems nervous during the interview. The manager is hesitant in moving forward with the hiring process, because he does not want any employees that are too anxious to do their jobs independently. Which of the following biases is the manager being affected by?

• Prejudicial Bias

• Generalization Bias

• Recency Bias

• Gut Feeling Bias

• Primacy Bias

Which of the following is the term used when two different companies merge?

• Conglomerate Merger

• Vertical Merger

• Diagonal Merger

• Horizontal Merger

• Financial Acquisition

These are the things a person enjoys doing and chooses to do in their leisure time:

• Hobbies

• Passions

• Exploration

• Ideas

• Mind Map

COBRA requires companies to extend their group coverage to an employee for how many months after the employee leaves that company?

• 36 months

• 12 months

• 18 months

• 24 months

• 6 months

Purchasing an existing business does not usually carry which of the following risks?

• Potentially Difficult Business Transition Period

• Not Knowing how Customers will React

• Assuming Potentially Unknown Liabilities

• Assuming Potentially Unknown Debts

• Unknown Products/Services