The process of generating new business ideas is something that occurs automatically. 

Answer the following statement true (T) or false (F)


False

The generation of business ideas is not something that occurs automatically. It is a process of identifying the skills of the potential founders, identifying opportunities in the market, matching the initial financial funding available, and then marrying these together into a business idea that interests the potential founder.

Business

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Just because Jill and Jamie watch television does not mean that they will develop the “mean-world syndrome.” Explain the mean world syndrome--what is it? How does it develop? Who is most affected? In your response, make sure to identify and explain the two ways that cultivate the mean world syndrome.

What will be an ideal response?

Business

You are a professor at a large research university. Two students are working with you on a journal article. Student A has written a large portion of the article and came up with the idea. Student B coded data, edited and helped with citations. You, the professor, helped facilitate the project, wrote a small section of the literature review, and edited the paper. Based on the advice given in the chapter, what is your authorship order? Explain why.

What will be an ideal response?

Business

Salespeople need to know how to ________ leads, that is identifying good leads and screening out poor ones, at the beginning of the selling process

A) approach B) qualify C) consolidate D) generate E) manage

Business

A __________ is the refusal to accept an offer

a. revocation. b. counteroffer. c. rejection. d. statutory irrevocability.

Business