10 questions- help!

D Question 1 (0.5 points) A licensing agreement would likely be a good option in all of the following situations EXCEPT: An entrepreneur has an idea to offer a new service in a market she has a significant amount of knowledge about, and is willing to take on all necessary risks to have full control of the venture An entrepreneur owns a valuable piece of intellectual property and would like to profit from it, but does not have much knowledge about the market they would need to enter An entrepreneur has an idea to offer a new product in a market, but successfully marketing the product would require access to a piece of intellectual property currently owned by another firm An entrepreneur owns a valuable piece of intellectual property and would like to profit from it, but does not want to take on much risk or invest in substantial startup costs to do so Question 2 (0.5 points) Which of the following ownership plans provides the greatest degree of continuity in the event of an owner's death or withdrawal from the venture? Sole proprietorship Corporation Limited liability partnership General partnership Question 3 (0.5 points) 4 Which of the following statements is true with regard to the process of conducting market research? As long as the entrepreneur is convinced he has answered the relevant marketing strategy questions, it's not important to worry about whether readers will be convinced Gathering primary data through methods like observation and surveys should be done before moving on to sources of secondary data Data collection can begin right away, it's not necessary to identify specific objectives at this point All possible sources of secondary data should be exhausted before moving to primary data collection Question 4 (0.5 points) All of the following are examples of situations an entrepreneur would probably want to utilize a contract EXCEPT: An ongoing distribution agreement set to continue for three years. A complex distribution agreement involving multiple retail outlets with different management groups and concerns about potential future disagreements. A one-time agreement to purchase materials totaling $300. An agreement to purchase supplies worth a total of $2500. Question 5 (0.5 points) Which of the following is a potential disadvantage of using a just-in-time inventory management system? Failures in producing an optimal value chain for end users Increased likelihood of supplies spoiling or otherwise going to waste Increased setup time for manufacturing processes Delays or defects in deliveries can cause significant production or operations delays Question 6 (0.5 points) Which of the following components of the business plan is written after the rest of the plan has been written and may help potential readers to decide whether it's worth it for them to read the full plan? Executive summary Marketing plan Industry analysis Description of venture Question 7 (0.5 points) All of the following statements are true with regard to liability in different forms of ownership EXCEPT: O Limited partners in a limited liability partnership are liable for their contribution amount only Owners collectively have unlimited liability in a general partnership The corporation ownership plan has a clear advantage with regard to owners' liability Sole proprietorship owners' personal assets are protected against seizure to satisfy outstanding debts Question 8 (0.5 points) All of the following are examples of the types of questions that should guide the search for market information before beginning the process of writing a business plan EXCEPT: Who will buy the product/use the service How fast is the current market growing? Where can we buy the machinery needed to produce our product and how much will it cost? How could we position our product to be successful in comparison to alternative or substitute products? Question 9 (0.5 points) In writing the situation analysis section of the marketing plan, the entrepreneur might discuss things like supply shortages and increasingly strict governmental regulations. These would be examples of Weaknesses Threats Opportunities Strengths Question 10 (0.5 points) Which of the following questions will a potential distributor likely hope to have answered by reading the business plan? Does the entrepreneur possess the "four C's" of credit? Will the new venture be likely to stay in business for a long period of time? Will I be able to sell my investment in the venture for a good profit in a short period of time? Will the entrepreneur be open to my attempts to control the venture's decisions