Workplace Management Chapter 6 Quiz - Chapter 6 Quiz...

Chapter 6 Quiz
 Question 1
Miguel works as a technician for a large manufacturer of biomedical equipment. He has
discovered a technique to produce composite materials more efficiently. The company
encourages its employees to pursue new ideas on company premises. Which of the following
does Miguel’s company support?
 Question 2
A description of the good or service, an assessment of the opportunity, an assessment of the
entrepreneur, specification of activities and resources needed to translate the idea into a viable
business, and the source(s) of capital together make up a(n):
 Question 3
Cambridge Counseling, an entrepreneurial venture, does not have any distinctive services
when compared with the well-established competitors in the field, and the business will
require a sizable investment. Which quadrant of the entrepreneurial strategy matrix will the
venture be placed?