Company X Is a Small Environmental Engineering Firm

question 2

Multiple Choice

Company X is a small environmental engineering firm. Which of following actions best illustrates the process of "workforce forecast", as described by Cascio (2003) ?

• A) .Company X hires an employee to create a Facebook page.
• B) Company X makes a list of current employees and their knowledge and responsibilities.
• C) Company X examines how many people graduated with a degree in environmental engineering in the past 3 years.
• D) Company X creates a job plan for each of its employees.

Identify crowdsourcing as a method for gathering information, ideas, or services from a large group of people.

Distinguish between different fundraising strategies, including bootstrapping, crowdfunding, and seeking formal investments.

Understand the role and impact of digital platforms in facilitating crowdfunding and crowdsourcing efforts.

Comprehend the benefits and drawbacks of bootstrapping for entrepreneurs and startups.

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Definitions:

Autocratic Buying Center

A buying center in which one person makes the decision alone, though there may be multiple participants.

Majority Rules

A decision-making principle whereby the option that receives the most votes or support among a group is chosen.

Networking

The act of connecting with other people to exchange information and develop professional or social contacts.

B2B Marketplace

An online platform that connects businesses for the purpose of buying and selling products and services to each other.