6. To Russell Simmons, among the seven rules for building a successful business are ________.a. gathering resources and deciding the form of ownershipb. building a team and writing a realistic planc. recognizing an opportunity and evaluating itd. All of the above.Answer: DObjective: Explain how profit works as a signal to the entrepreneur.Page number: 25Level: DifficultChapter 2- 6 Questions7. Your business plan projections should be ________.8. Making the beliefs, values, and behavioral norms explicit and intentional builds the ________ of an organization.9. The ________ addresses the roles of the community, region, nation, and world in a business.
10. Which of the following is not needed in all business management teams?a. operationsb. outside directorsc. marketingd. accountingAnswer: BObjective: Understand the components of a business plan.Page number: 49Level: Difficult11. Income statement projections realistically ________ in the first few months of operations.12. Which of the following is nota best practice?
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