An Effective Entrepreneurial Management Team Should Do All of the Following

question 90

Multiple Choice

An effective entrepreneurial management team should do all of the following except :

• A)provide expertise in the areas of marketing, finance, and operations
• B)have successful experience in the venture's industry and markets
• C)always work independently of each other
• D)share the entrepreneurial spirit

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Definitions:

Qualitative Methods

Research techniques that collect non-numeric data to understand concepts, thoughts, or experiences.

Simulations

The use of models or virtual environments to replicate or mimic real-life processes, scenarios, or environments for training, analysis, or prediction purposes.

Scenarios

Detailed, imagined situations used for strategic planning, decision making, or predicting outcomes of various action plans.

HR Budgets

Quantitative, operational, or short-run demand estimates that contain the number and types of jobs required by the organization as a whole and for each subunit, division, or department.