Chapter 9 ( Venture Formation)

Description

Moving from an idea to an entrepreneurial firm
Rafikiel Seyvunde
Quiz by Rafikiel Seyvunde, updated more than 1 year ago
Rafikiel Seyvunde
Created by Rafikiel Seyvunde almost 8 years ago
15
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Resource summary

Question 1

Question
Venture team?
Answer
  • a group of founders, key employees, and advisers that move a new venture from an idea to a fully functional firm
  • a group of founders, board members, employees' and advisors who move to a new venture to create a fully and effective functional firm.

Question 2

Question
liabilities of newness
Answer
  • being able to quickly adjust to the start-up environment
  • adjust quickly enough to their new roles

Question 3

Question
What is the ideal size of the founding team? and what are the consequences?
Answer
  • heterogeneous and homogenous consequences that can lead to cultural issues and group think
  • none of the above....

Question 4

Question
What is prior entrepreneurship experience
Answer
  • prior experience and knowledge
  • prior experience and knowledge to develop start ups

Question 5

Question
relevant industry experience is an entrepreneurs ability to successfully launch and grow an industry firm that has already been studied
Answer
  • True
  • False

Question 6

Question
board of directors are a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.
Answer
  • True
  • False

Question 7

Question
Insider director?
Answer
  • a person who is an officer for the firm
  • a police officer
  • a dog

Question 8

Question
an outsider director is someone who is not employed by the firm
Answer
  • True
  • False

Question 9

Question
the owner serves on the board of directors is known as signaling.
Answer
  • True
  • False

Question 10

Question
an advisory board is a panel of experts who are asked by a firms managers to provide counsel and advice on an ongoing basis
Answer
  • True
  • False

Question 11

Question
A consultant is an individual who gives professional or expert advice
Answer
  • True
  • False
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