Question

Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. It promises to make the nation's water and sewerage system run as efficiently and profitably as the one it operates in Manila. The development, maintenance, and allocation of resources to achieve its goal will require: ( Organizing: Controlling: processing: leadership planning)

When Art Baer read that Singapore would lift its ban on chewing gum, he thought to himself, "There has to be a market there." Baer, 26, knew if he was going to move beyond the daydreaming stage, he had to move fast. After investing $20,000 of his own money into developing a product he called Impress Gum, Baer quit his job, flew to Singapore, talked to the right people in the government, lined up a manufacturer, and hired a marketing firm to promote his gum, which fights tooth decay. Baer is an example of a(n) ______ entrepreneur (Growth-oriented; classic; debt-based; risk-aversive; opportunistic)

• Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. It promises to make the nation's water and sewerage system run as efficiently and profitably as the one it operates in Manila. To achieve this goal, Manila Water's top management will first need to engage in _____ planning to determine what resources are needed to achieve this goal.( functional; strategic; tactical; operational; supervisory)
• The world’s largest bank. Deutsche Bank set as its objective to make its name more recognizable in the United States. The success of its decision to sponsor a PGA golf tournament to accomplish this organizational objective will ultimately depend on which management function?
• The difference between small business owners and entrepreneurs is that small business owners:( are risk takers; started the business to pursue their idea for a new product or service; are innovators; accept the status quo and take a short-term view of the future; are accurately described by all of the above)
• When he read Chicken Soup From the Soul, Joe Farmer was struck by how many of the stories mentioned the scent of the islands. So Farmer created bottles filled with Hawaiian air and some scented essence beads. When customers shake the bottles up and open the lids, they're transported back to paradise. While many marketing experts did not think that consumers would buy bottles of air, Farmer has earned more than half a million dollars of sale during his first year of operation. Farmer was an example of a _____ entrepreneur.(classic; risk-aversive; opportunistic; debt-based; growth-oriented)
• Reader’s Digest Association, Inc., has published Reader’s Digest magazine for over 80 years, and many believe the publication is dated and can no longer attract many readers. They believe _____ plans are needed to revamp the magazine’s content, editorial staff, and readership
• The difference between the small business owner and the entrepreneur is that the entrepreneur

Answer 1

1.

The development, maintenance, and allocation of resources to achieve its goal will require leadership planning

2.

Baer is an example of an classic entrepreneur.

As he saw a prospective opportunity in Singapore, did careful planning, talked to right people to use the opportunity for his favour

3.

To achieve this goal, Manila Water's top management will first need to engage in strategic planning to determine what resources are needed to achieve this goal

4.

The success of its decision to sponsor a PGA golf tournament to accomplish this organizational objective will ultimately depend on Planning function

5.

The answer of this question is are that they accept status quo and take a short-term view of the future

6.

Farmer was an example of an classic entrepreneur.

7.

Reader’s Digest Association, Inc., has published Reader’s Digest magazine for over 80 years, and many believe the publication is dated and can no longer attract many readers. They believe strategic plans are needed to revamp the magazine’s content, editorial staff, and readership

8.

The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business