Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, particularly from physical disabilities, so they invented a voice recognition software to allow users to talk to the computer. Their idea resulted in Dragon NaturallySpeaking, a popular talk-to-type software application. Which of the following suggestions for generating business ideas describes how the Bakers conceived their startup?
A. Borrow from existing product and service ideas.
B. Combine two businesses to create a market opening.
C. Begin with a problem in mind.
D. Recognize a popular trend, and ride the wave.
Answer: C
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At work, you are on a team of people searching for a new CEO. Everyone agrees the new CEO needs to have excellent leadership skills, so your team starts writing the job description. Which phrase would you use in the job description to reflect your search for a leader?
A. looking for candidates skilled in safety and quality control B. seeking a dispassionate problem solver C. searching for a change agent and creative thinker D. hiring an experienced policy administrator
Which of the following describes the capabilities and skill sets possessed by a firm that distinguish the firm from its competition?
a. Core competencies b. Business intelligence c. Analytical toolbox d. Managerial levers
The purpose of release planning is to establish the goals and a general WBS for the project.
Answer the following statement true (T) or false (F)
Insiders would violate the short-swing profits rule (16b) of the 1934 Act by buying stock on January 1 and selling on May 1
a. True b. False Indicate whether the statement is true or false