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.
control-based
B.
entrepreneurial
C.
self-employment
D.
intrepreneurial
E.
invention-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.
risk propensity
B.
external locus of control
C.
need to achieve
D.
tolerance for ambiguity
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.
funding requirements
B.
organization and management
C.
market analysis
D.
control process
E.
executive summary
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.
sole proprietorship.
B.
C-corporation.
C.
not-for-profit.
D.
general partnership.
E.
S-corporation.
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