Chapter 18
The ____ takes into account the motives, trustworthiness, and process of the people involved in the risk assessment and generally gives a better result.
Bayesian view
A "prepackaged bankruptcy" can take from four to nine months to complete, rather than the typical nine months to two years, and is possible under ____.
Chapter 11
A reorganization of the finances of the business so that it can continue to operate and begin to pay its debts is a/an ____.
Chapter 11 reorganization
Bankruptcy under ____ consists of the liquidation of the assets of the business and the discharging of most types of debt.
Chapter 7
An integral part of a team-based approach to organizational management is ____.
cross-training
Groups of hackers that act in the national interests of the country that sponsors them to provide nearly constant attacks on the national security infrastructure of countries are known as ____.
cyber militia
A/An ____ is an employee benefit plan that buys and holds company stock in special employee trust accounts that qualify as retirement accounts for tax purposes.
Employee Stock Ownership Plan
According to Pasmore and Torres, the second step in succession planning is ____.
announcement of the process
____ are used to protect a company against potential risk that can't be prevented.
buffer strategies
Smaller businesses for sale often use the services of ____.
business brokers
The ____ declines for 13 months prior to the onset of a recession.
coincident-lagging index
____ plans help a growing business deal with events that regularly⎯and often without much warning⎯disrupt the equilibrium of the firm.
contingency
By forcing entrepreneurs to consider multiple outcomes and possibilities, contingency plans help a growing business deal with all of the following except ____.
exit strategies
The immediately precipitating cause that forces a corporation into bankruptcy is ____.
failure to pay debt
According to Jerome Katz, entrepreneurs who measure their success by the size of their company are ____ entrepreneurs.
growth
According to Jerome Katz, people who love to start businesses and may start and run several at once are ____ entrepreneurs.
habitual
When sales decline and positive cash flow starts looking like a memory, entrepreneurs often go ____.
into a period of denial
Such items as the producer price index, the consumer confidence index, and the manufactures' orders for durable goods are contained in the ____.
leading index
To prepare the best defense against a cash flow crisis, the entrepreneur must be continually committed to all of the following except ____.
leveraging financing
It is an unfortunate fact of life that some entrepreneurs must exit their business through ____.
liquidation
Most product liability insurance covers all of the following except ____.
lost sales
Traditional risk management proponents have typically adopted a/an ____ that sees risk as a physical property that has associated probabilities of occurrence.
objectivist view
In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price.
phased sale
____ refers to situations where a probability of the risk occurring and its potential impact can be calculated because at least some of the variables involved in the decision can be controlled.
risk
The overall ____ is simply the product of the probability of occurrence times the cost of the impact to the business times the level of significance of that impact.
risk of loss
Which of the following is not involved in risk assessment?
securing a knowledgeable attorney
According to Jerome Katz, women entrepreneurs who are driven by what is going on in their personal lives, such that their entrepreneurial tendencies emerge in spurts, are ____ entrepreneurs.
spiral
The cost of hiring an employee is becoming so high that many companies are solving the problem by ____.
subcontracting work
"What skills and experience does the second generation need to acquire?" and "What is the second generation's expectation for the future of the business, and is it congruent with the company's vision?" are two of the questions that should be examined to start the process of ____ planning.
succession
Which of the following does not describe the career path of an entrepreneur?
transition entrepreneur
