Management 3070 - Management and Organizational Behavior » Spring 2022 » Case Study 12 John’s Crazy Socks
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Question #1
John’s Crazy Socks is an example of a(n) ______ venture.
A.
entrepreneurial
B.
invention-based
C.
self-employment
D.
intrepreneurial
E.
control-based
Question #2
Assume John exhibits all the characteristics of an entrepreneur. With this in mind, which of the following characteristics would he most likely not exhibit?
A.
tolerance for ambiguity
B.
external locus of control
C.
need to achieve
D.
risk propensity
E.
need for autonomy
Question #3
Assume that John is writing a business plan in order to get a small business loan from a local bank. Which of the following would most likely not be in the plan?
A.
executive summary
B.
market analysis
C.
funding requirements
D.
organization and management
E.
control process
Question #4
If John wants a legal structure that would provide him with personal liability protection as well as an ability to avoid double taxation, he should utilize a
A.
S-corporation.
B.
general partnership.
C.
C-corporation.
D.
sole proprietorship.
E.
not-for-profit.
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