According to the Textbook, Two of the Most Important Factors

question 13

Multiple Choice

According to the textbook, two of the most important factors to consider regarding "management prowess" are ________.

• A) the passion the sole entrepreneur or the management team has for the business idea and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
• B) whether the members of the management team have worked successfully together before and the passion the sole entrepreneur or the management team has for the business idea
• C) whether the members of the management team are good "networkers" and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
• D) the educational and functional backgrounds of the management team or sole entrepreneur
• E) whether the members of the management team are good "networkers" and the passion the sole entrepreneur or the management team has for the business idea

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Definitions:

Normal Distribution

A symmetrical bell-shaped distribution in which most of the data points cluster around the mean, with decreasing frequency toward the tails.

Mode

The value that appears most frequently in a given set of data, representing the most common outcome within that data set.

Convergent Validity

The degree to which two measures of constructs that theoretically should be related, are in fact related.

Intercoder Reliability

The degree of agreement among independent observers or coders who rate, classify, or categorize the same phenomenon.