Considered acceptable penny-pinching strategy

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Reference no: EM132252642

1. Which of the following crowdfunding sites would be best if raising money for a new invention?

Quirky

Kickstarter

RocketHub

Peerbackers

2. Which of the following would be considered an acceptable penny-pinching strategy?

don’t pay vendors until the business is successful

offer company equity instead of paying employees up front

never offer discounts on the sale of your product or service

never outsource tasks

3. The person investigating a budget variance should realize that:

budget variances almost always occur because the staff is becoming inefficient in their work.

it is often not possible to discover the cause of the variance.

the most valuable result of a budget variance is identifying whom is to blame for the variance so that person or persons can be made more efficient in the future.

there can be many reasons for variances, and some variances are not only justified but are good for the organization.

4. Which of the following suggests you have fear of failure?

Failure makes you worry about disappointing people whose opinion you value.

You wonder how a smart person like you could fail.

When you fail, you think about how you might have done things differently.

You take careful measures to plan your business strategy.

5. “Burn out,” while a cause of business failure, would be a lesser cause, accounting for 8% of startup failures. True False

6. A local hardware store offers flashlights at “3 for a dollar.” This action would indicate which of the following strategies?

fair pricing

psychological pricing

value-based pricing

loss-leader pricing

7. Carol sells a downloadable product that uses bar codes to conduct comparison shopping. Carol’s product is an example of:

a tangible revenue model

a licensing revenue model

a data revenue model

an intangible sale

Reference no: EM132252642

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