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CM 443 Procore Quiz
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Exam of 8 pages for the course RAD at RAD (CM 443 Procore Quiz)
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CM 443 Procore QuizOnce you decide on a name for your business, which of the following is the first
action you should take? - CORRECT ANSWER-Form a corporation or a limited
liability company
Which of the following is the first step in business planning? - CORRECT
ANSWER-Performing a SWOT analysis
Before entering a joint venture or partnership it is important to establish terms on:
- CORRECT ANSWER-Both a & b
(Management & Capital Contribution)
What is the basis for a strategic plan? - CORRECT ANSWER-Both b & c
(It should outline a plan built upon marketing position and potential threats & It
should address the 10 year vision for your business)
Fill in the blank: A CEO is primarily concerned with _________, - CORRECT
ANSWER-A strategic plan
Fill in the blank: A marketing plan should _________. - CORRECT ANSWER-Be
supported by the business developer
In between the time that project leads are generated and contracts are
established, which of the following can be used to leverage marketing? -
CORRECT ANSWER-Direct Mail
Fill in the blank: Business Development is an art because it consists of _____. -
CORRECT ANSWER-Both a & c
(Image-building & Relationship development)
Fill in the blank: Business development is a science because it consists of _____.
- CORRECT ANSWER-Both a & b
(Consulting & Turning relationships into project opportunities)
, Typically how long is the Long Sales Cycle in construction? - CORRECT
ANSWER-Between 6 months and several years
What is intrapreneurship? - CORRECT ANSWER-Starting a business within the
confines of an existing business
Multiple Answer: Which of the following do both intrapreneurial firms and venture
capital firms provide? - CORRECT ANSWER-Advice; Seed Money
Which of the following is a reason big businesses often fail when implementing
new branches or businesses within their business? - CORRECT ANSWER-All of
the above
When creating a new business unit, what is the first phase? - CORRECT
ANSWER-Strategy
In which of the following phases of business creation does a team take on the full
responsibility of a business unit? - CORRECT ANSWER-Launch Funding
Which of the following would be an example of "micro seed innovation"? -
CORRECT ANSWER-Providing employees within a company with a fixed
amount of discretionary funds to start their own intrapreneurial ventures
Multiple Answer: When you start a new job you often sign an employer
agreement that outlines which of the following? - CORRECT ANSWER-Rules
against using company resources for personal work; Intellectual Property Rights
Fill in the Blank: A non-disclosure agreement allows you to ______. - CORRECT
ANSWER-Discuss ideas with other parties and ensure your intellectual property
is protected
Which of the following is a type of intellectual property protection? - CORRECT
ANSWER-All of the above
Once you receive funding for your intrepreneurial venture, what is the next step
you should take? - CORRECT ANSWER-File for the type of business formation
that makes the most sense for our organization or partnership
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