QUESTION Vertical diversification ________. a. focuses your money on just one type of asset b. spreads your money between different types of assets c. involves owning assets that address different aspects of the same situation d. moves the value of your money only upward ANSWER b
QUESTION Amazon.com’s Kindle, a wireless reading device, is an example of a disruptive innovation. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Businesses operating in monopolistic competition often use a brand name so that customers perceive significant differences in two similar products. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Groupthink is the tendency for a team to want to conform in an effort to minimize conflict. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Innovators may not be as distrustful of change compared to late adopters, but they still avoid risk. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Entrepreneurs need to address the problems of the present and must be able to let go of any need for a ten-year plan. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Leaders need only to create a vision without also communicating it throughout the organization. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Entrepreneurship requires an innovative spirit. Indicate whether the statement is true or false ANSWER FALSE
QUESTION Horizontal diversification ________. a. keeps the value of your money level b. involves owning assets that address different aspects of the same situation c. spreads your money between different types of assets d. focuses your money on just one type of asset ANSWER b
QUESTION Short-term wins have no effect on keeping people motivated Indicate whether the statement is true or false ANSWER FALSE