Small Business An Entrepreneur’s Business Plan 9th Edition By Gail Hiduke – Test Bank
Chapter 11—Build, Maintain, and Thrive with a Winning Team
TRUE/FALSE
1. To build a winning team you must inspire your employees with your passion.
ANS: T PTS: 1 REF: p. 298
2. When building a team, aptitude should always be considered, not attitude.
ANS: F PTS: 1 REF: p. 298
3. Strive to consistently communicate your vision, as owner, to all members of your team.
ANS: T PTS: 1 REF: p. 298
4. Most entrepreneurs can perform all necessary business tasks without help from others.
ANS: F PTS: 1 REF: p. 298
5. Investors want you to learn on your dime and time, not theirs.
ANS: T PTS: 1 REF: p. 299
6. Information about the founding team is the least read section of the business plan.
ANS: F PTS: 1 REF: p. 299
7. Corporate downsizing has made it more difficult to find people to work for you.
ANS: F PTS: 1 REF: p. 300
8. A joint venture is a partnership formed between companies to form a competitive advantage.
ANS: F PTS: 1 REF: p. 301
9. Many people misunderstand the rules regarding independent contractors.
ANS: T PTS: 1 REF: p. 302
10. State employee laws may be more stringent than Federal laws.
ANS: T PTS: 1 REF: p. 302
11. The benefits of employee leasing generally do not exceed the cost.
ANS: F PTS: 1 REF: p. 303
12. Some small firms never hire full time employees.
ANS: T PTS: 1 REF: p. 304
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