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