EC课本题库版ec08tifch16.docx

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EC课本题库版ec08tifch16.docx

EC课本题库版ec08tifch16

Chapter16

LaunchingaSuccessfulOnlineBusinessandECProject

True-FalseQuestions

1.

Unlikethebrick-and-mortarmarketplace,thefailurerateforonlinecompaniesislow.

Answer:

FalseDifficulty:

EasyPageReference:

728

AACSB:

Useofinformationtechnology

2.

Onlinebusinessesmaybepureplaycompaniesorclick-and-mortarcompaniesthataddonlineprojects,suchase-procurementorsellingonline,asadditionalmarketingchannels.

Answer:

TrueDifficulty:

EasyPageReference:

728

AACSB:

3.

TocreatesuccessfulentrepreneurialventuresinEC,Maiersuggeststhatstartingsmallwithmanyfoundersisthebestoption.

Answer:

FalseDifficulty:

EasyPageReference:

729

AACSB:

4.

Thefirststepiscreatinganewcompanyistoidentifyaconsumerorbusinessneedinthemarketplaceandaninnovationtoaddressthatneed.

Answer:

TrueDifficulty:

MediumPageReference:

729

AACSB:

Useofinformationtechnology

5.

Manygoodideasandrealisticinitiativeshavefailedbecauseofpoorexecutionduetothelackofsufficientbusinessskillsbytheownersorprincipalsofthebusiness.

Answer:

TrueDifficulty:

MediumPageReference:

730

AACSB:

6.

Asageneralguideline,althoughvirtuallyanythingisavailableforsaleontheInternet,thedegreeofsalessuccessissomewhatdependentonthetypeofitemorservicebeingofferedforsaleandhowitcanbedelivered.

Answer:

TrueDifficulty:

MediumPageReference:

731

AACSB:

Reflectivethinking

7.

Mediumandlargebusinesses,orthoseseekingexternalfunding,musthaveaninformalbusinessplan.

Answer:

FalseDifficulty:

EasyPageReference:

731

AACSB:

Useofinformationtechnology

8.

Theprimaryreasonanentrepreneurwritesabusinessplanistoacquirefundingfromabank,anangelinvestor,aventurecapitalist,orthefinancialmarkets.

Answer:

TrueDifficulty:

MediumPageReference:

732

AACSB:

Useofinformationtechnology

9.

Someentrepreneurmaysimplyinvestpersonalfundsfromsavings,personallinesofcredit,orahousemortgagesincethesesourcesof“bootstrapfunding”aretypicallyenough.

Answer:

FalseDifficulty:

MediumPageReference:

732

AACSB:

Useofinformationtechnology

10.

Whentheentrepreneur’spersonalfundsareinsufficient,theentrepreneurwillgotofriends,

familymembers,ortofinancialinstitutions.

Answer:

FalseDifficulty:

MediumPageReference:

732

AACSB:

Useofinformationtechnology

11.

Animportantsourceoffinancialsupportordirectfunding,forpre-VCfirmsisanincubator.

Answer:

TrueDifficulty:

MediumPageReference:

732

AACSB:

12.

Venturecapitaliststendtoinvestincompaniesthathaveidentifiedwhatseemstobeanoutstandingbusinessopportunity,havetakensomeactiontomaketheopportunityhappen,suchaswrittenanewsoftwareapplicationorsecuredapatent,andneedaninfusionoffundsandmanagementexpertisetoexpandandlaunchthebusiness.

Answer:

TrueDifficulty:

MediumPageReference:

733

AACSB:

Useofinformationtechnology

13.

Thereisaseriousdownsideforstart-upbusinessesthatacquireventurecapitalbecausetheylosecontroloverthebusiness.

Answer:

FalseDifficulty:

MediumPageReference:

734

AACSB:

Reflectivethinking

14.

Oncethecompanyiswellknownandsuccessful,itcangotoastockexchangetoraisemoneyviaaninitialpublicofferorIPO.

Answer:

TrueDifficulty:

MediumPageReference:

734

AACSB:

Useofinformationtechnology

15.

Organizationaltransformationisacomprehensiveconceptthatimpliesnotonlyamajorchange,butalsoasharpbreakfromthepast.

Answer:

TrueDifficulty:

MediumPageReference:

736

AACSB:

16.

Businessprocessmanagement(BPM)systemsmonitortheexecutionofthebusinessprocessessothatmanagerscananalyzeandchangeprocessesinresponsetodata,ratherthanonjustahunch.

Answer:

TrueDifficulty:

MediumPageReference:

736

AACSB:

Useofinformationtechnology

17.

Transforminganexistingbusinesstoane-businessmeansamanagermustchangebusinessprocesses,butnotthewaypeopleworkorcommunicate.

Answer:

FalseDifficulty:

MediumPageReference:

738

AACSB:

18.

AninformationalWebsiteprovidesopportunitiesforthecustomersandthebusinesstocommunicateandshareinformation.

Answer:

FalseDifficulty:

MediumPageReference:

738

AACSB:

Useofinformationtechnology

19.

Selectingadomainnameisanimportantmarketingandbrandingconsiderationforabusinessbecauseitwillbethebusiness’sonlineaddressandcreateanidentityforthebusiness.

Answer:

TrueDifficulty:

MediumPageReference:

743

AACSB:

Useofinformationtechnology

20.

Up-to-the-minutedynamiccontentiswhatattractsnewandreturningcustomers(“eyeballs”)andmakesthemstaylonger(“stickiness”),whichbuildscustomerloyalty.

Answer:

TrueDifficulty:

MediumPageReference:

744

AACSB:

Useofinf

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