Answer the following statement(s) true (T) or false (F)
11. In the building approach, information about how to proceed is readily available.
12. Entrepreneurs who have alertness rationally and systematically search their environment or their particular information sets for opportunities.
13. Research shows that entrepreneurs with preexisting knowledge of an industry or market are more likely to recognize opportunities than entrepreneurs who have less experience.
14. Typically, entrepreneurs go through three processes before they are able to identify an opportunity for a new business venture: idea generation, creativity, and opportunity recognition.
15. The purpose of the creativity stage is to transform ideas into opportunities.
11. False
12. False
13. True
14. True
15. True
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Because managers are expected to treat followers uniformly and consistently, while considering individual needs and making exceptions where necessary, leaders need to use ______.
a. situational control b. individual control c. variable control d. constant control
If one rates an average employee's performance high because one compared the employee to poor performers, one commits a
A. leniency error. B. contrast error. C. recency error. D. central tendency error.
Functional structures are usually found in organizations where there
A. there exists a strong need to decentralize decision making. B. is high volume production. C. are unrelated product lines or service offerings. D. is very little vertical integration.
Disregarding risk, if money has time value, it is impossible for the present value of a given sum to exceed its future value.
Answer the following statement true (T) or false (F)