Question 1

What is the discipline for meshing strategy and reality?&#10;A) Grit&#10;B) Determination&#10;C) Execution&#10;D) Plan

Accepted Answer

Execution is the discipline for meshing strategy and reality. It involves taking action to implement the strategy and making adjustments as needed to ensure that the strategy is achieving its intended goals.

Question 2

What rule did Instagram implement before retracting after substantial backlash?&#10;A) Only people over 18 could use the service&#10;B) The company had the right to sell user's photos&#10;C) Snapshots of the user's day could be posted as a &#34;story&#34;&#10;D) Only square images could be posted

Accepted Answer

Instagram faced backlash for a policy change that suggested it had the right to sell users' photos without compensation, leading to a retraction of the rule.

Question 3

Which of the following is a question for implementation?&#10;A) How will the objective be achieved?&#10;B) Who are my customers?&#10;C) What is the point?&#10;D) Why am I doing this?

Accepted Answer

Implementation questions focus on the methods and processes needed to achieve an objective, making "How will the objective be achieved?" the correct choice.

Question 4

The first few additions to a team should be specialists rather than generalists.

Accepted Answer

The first few additions to a team are often generalists, as they can handle a variety of tasks and adapt to the evolving needs of a new or small team.

Question 5

Business index is the ratio of revenues to:&#10;A) Expenditures plus assets&#10;B) Profits plus costs&#10;C) Price&#10;D) Unit cost

Accepted Answer

Business index is the ratio of revenues to expenditures plus assets.

Question 6

The higher the sales to employee ratio, the more successful the company.

Accepted Answer

A higher sales-to-employee ratio indicates that each employee is generating more sales, which can contribute to the company's success.

Question 7

When does execution most falter?&#10;A) If the company is too frugal&#10;B) If the company only focuses on one problem&#10;C) If management is paid too much&#10;D) When the company is not synchronized

Accepted Answer

Execution falters when a company is not synchronized because lack of coordination and alignment among different parts of the organization can lead to inefficiencies and failures in implementing strategies effectively.

Question 8

Which of the following is not one of the seven steps to build a great company?&#10;A) Leadership&#10;B) Momentum&#10;C) Diligence&#10;D) Organizing principle

Accepted Answer

Diligence is not typically listed as one of the seven steps to build a great company. The steps usually focus on leadership, momentum, and organizing principles, among others.

Question 9

As a new business grows, it tends to follow a ________ curve.&#10;A) T&#10;B) P&#10;C) J&#10;D) S

Accepted Answer

A new business typically follows an S-curve, which represents slow initial growth, followed by rapid growth, and eventually leveling off as the market matures.

Question 10

What occurs in the takeoff stage of a business?&#10;A) Accumulating initial resources&#10;B) Revenues start to grow&#10;C) Expansion of product offerings&#10;D) Deceleration of growth

Accepted Answer

In the takeoff stage, a business experiences rapid growth in revenues as it begins to establish itself in the market.

Question 11

Moving from startup to takeoff, the venture may encounter serious stresses because management practices do not necessarily scale properly.

Accepted Answer

The answer of Moving from startup to takeoff, the venture...

Question 12

What does not occur in the maturity stage of a business?&#10;A) Move to decentralized structure&#10;B) Emphasis on collaboration&#10;C) Strong culture and history&#10;D) Personnel seek new opportunities

Accepted Answer

The answer of What does not occur in the maturity...

Question 13

What changed the company arc of Shazam?&#10;A) New CEO&#10;B) Launch of Apple App Store&#10;C) Smart acquisitions&#10;D) Development of geo-location services

Accepted Answer

The answer of What changed the company arc of Shazam?&#10;A)...

Question 14

The &#34;retriever&#34;&#10;CEO finds the right market and profitable customers.

Accepted Answer

The answer of The &#34;retriever&#34;&#10;CEO finds the right market and...

Question 15

To remain in charge of a company, a CEO must constantly change and adapt.

Accepted Answer

The answer of To remain in charge of a company,...

Question 16

Which of the following is a factor of effective succession?&#10;A) Baton-passing technique&#10;B) Alignment&#10;C) Synergy&#10;D) Executive leadership

Accepted Answer

The answer of Which of the following is a factor...

Question 17

Because of the rise of Foursquare, Instagram pivoted to photo sharing. This is an example of:&#10;A) Learning organization&#10;B) Teaching organization&#10;C) Flexible enterprise&#10;D) Strategic enterprise

Accepted Answer

The answer of Because of the rise of Foursquare, Instagram...

Question 18

What is the goal of the learning process?&#10;A) Generate new strategies&#10;B) Acquire new talent&#10;C) Create a culture&#10;D) Increase management hierarchies

Accepted Answer

The answer of What is the goal of the learning...

Question 19

Ethical conduct may reach beyond the law, since the law is inadequate for every task.

Accepted Answer

The answer of Ethical conduct may reach beyond the law,...

Question 20

Why did Netflix outlast Blockbuster?&#10;A) More funding&#10;B) First-mover advantage&#10;C) Partnerships with networks&#10;D) Adapted to larger trends

Accepted Answer

The answer of Why did Netflix outlast Blockbuster?&#10;A) More funding&#10;B)...

Deck 20: Leading Ventures to Success