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YouTube is used primarily for which of the following?


A) as a primary social networking site
B) for identifying experts and watching video tutorials
C) for finding role models
D) for posting links to interesting YouTube videos on your blogs and websites

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Erik and Janessa are considering a member for the founding team who has superior programming skills for their new software-related product.His successful programs are numerous and well known.They know that they want to expand to other products, and his experience would be valuable.In a networking discussion, the programmer stated that he was good at what he did and that working on Erik and Janessa's software would be "as good as any." Erik and Janessa felt that that was a sign that he was willing to be a founder.Discuss the advantages and disadvantages of adding him to the team.

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While the new programmer would have the ...

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Kirby is selling to an IT company that is known for a casual work attire.Even though Kirby has just finished with a presentation and is in a sports jacket and tie, he stops off at home to put on a casual shirt and sweater.What is Kirby's action indicative of?


A) duplicity
B) reflection management
C) impression management
D) social mobility

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Strong ties to family and friends can be restrictive to the entrepreneur because they are less likely to challenge our ideas.

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Sue and Chris have just started a waste recycling company and would like to engage in virtual networking.Discuss some of the ways that Sue and Chris might start.

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Answers may consider the advantages of L...

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A self-selected stakeholder is characterized by which of the following?


A) He or she is willing to fund the company or purchase stock.
B) He or she has asked for a personal pitching session to see if your idea can be embraced.
C) He or she feels motivated to help you gain access to information and resources that you currently do not have.
D) He or she has some potential gain or loss in your company.

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Chris develops his company plan alone.He is now ready to launch and is looking for a founding team.Since his business is in petrochemicals, he assumes that the best team will be from his former university classmates who studied the subject with him.Discuss the pros and cons of Chris's assumptions.

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The answer should address homogeneous ve...

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When working with a founding team, it is important to keep a "hands off" approach, keeping the lines of responsibility clear

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Why did the founder of ThingMagic suggest that one should consider having a balance of personalities in order to achieve success?


A) personalities will contribute a mix of cognitive and problem-solving approaches
B) outside pressures cause extreme turmoil and changes in social relations
C) diversity is important for team bonding
D) different personalities can handle different types of business challenges

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Which of the following would represent a successful networking venture?


A) a large stack of business cards and business contact information
B) a good conversation with someone in which you exchanged information
C) a good conversation that resulted in a sale
D) inclusion in the formal membership of the group

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What social networking feature allows you to search people's bios using keywords?


A) Facebook resumes
B) Google
C) www.facebookbio.com
D) www.Twellow.com

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What two questions should be asked when considering founding team members?


A) Can I build the company without them? Can I find someone else like them?
B) Can I build the company without them? What conflicts would they have in joining the team?
C) How well will they support my vision of the company? How many people have similar skills?
D) How strong is their loyalty to the company? How loyal will they be to me?

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According to research studied, what element was reported as the most important factor to new venture success?


A) the uniqueness of the product or service to fulfill a customer need
B) the financial support to help the company through the initial years
C) the lead entrepreneur and quality of the initial team
D) the lead entrepreneur

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Caine has been asking her boss for a promotion.Yesterday, Caine's supervisor asked Caine to take on an assignment that will require some overtime.The task is difficult, but the supervisor says that she will coach her through it.Caine considers the assignment but thinks that it will be too much work and declines.What advantage to networking did Caine decline?


A) psychosocial support
B) role modeling
C) social banking
D) career support

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What is the recommended first step to determining who has the right skills for your founding team?


A) review the resumes and successes of potential team members
B) determine the top three to five business operations that will be required over the next 3 years
C) focus on building a balanced team that complements your personality
D) focus on building a balanced team that complements your skillsets

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Which of the following best describes the purpose of a founding team?


A) to brainstorm business ideas, finding one that will be most profitable
B) to build and grow the company and provide economic and social return
C) to fund the business and create its business structure
D) to finalize the business product or service

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Allen doesn't mind getting his hands dirty.As the co-owner of a small 10-person brewery, he is frequently seen scrubbing out containers, sweeping the floor, and ordering sandwiches for meetings.Recently, he was advised that he should not be doing these things, as doing so would lower his perceived image with the employees, who need to feel that he is in a special role.Discuss what Allen's response should be.

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The answer should address the need of an...

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Which of the following would best describe the term cognitive comprehensiveness?


A) the team process of examining issues and formulating strategies that considers different approaches, decision criteria, and courses of action
B) the team process that encourages all members to contribute based on their cognitive skills
C) the team process that makes sure everyone feels that they have contributed to the decision and have made their opinions clear
D) the team process that encourages different perspectives so that everyone can see the complete picture

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Sang attends a conference on 3D printing and discovers that, while everyone is interested in the technology, people attending come from all walks of life.What is the nature of the social capital that Sang has an opportunity to develop?


A) bond
B) bridge
C) Linkage
D) generational

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This dimension describes the type of social ties you have or don't have.


A) relational
B) structural
C) dimensional
D) cognitive

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