PREVFinLit1 - IG (80p Protected Preview)

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ARE YOU FINANCIALLY LITERATE? CHAPTERS 9-11

False

_________ 7. Unethical behavior in a company usually happens by rapid onset.

2 PTS ___

____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Unethical behavior often creeps into a business over time often unintentionally and goes unnoticed and unchecked until a serious violation occurs.

True

2 PTS ___

_________ 8. Industrial espionage is increasingly sponsored by foreign governments.

____________________________________________________________ ____________________________________________________________ Countries are sponsoring espionage to advance the particular industry in their country.

False

_________ 9. Generally, industrial espionage has a minor impact on innovation. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Industrial espionage/stealing trade secrets is a major problem and causes a lack of interest in innovation , loss of jobs and failure of businesses. PRODUCT PREVIEW ____________________________________________________________ ____________________________________________________________ SMM stands for Social Media Marketing and refers to marketing a product via social media sites. 11. List three benefits of collaboration: _ ____________________________________________________________________ _ ____________________________________________________________________ 12. A person who organizes and manages a startup, and assumes the financial risks is referred to as a(n) a. boss Different viewpoints; different life experiences; diverse education and talent. False _________ 10. SMM stands for Social Market Membership.

2 PTS ___

3 PTS ___

1 PT ___

b. chief of staff c. entrepreneur d. lender 13. What does IP stand for? __________________________ 14. Circle the words or phrases that describe or relate to a business incubator: SEZ mentorship WIPO Intellectual property

1 PT ___ 6 PTS ___

networking accelerator

expertise

NBIA

capital guaranteed

fosters entrepreneurship government-regulated

tax free

215 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY

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