Question 1

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Accepted Answer

A)  information symmetry
B)  market research
C)  means-end relationships
D)  social networks
E)  entrepreneurial risk

Question 2

Entrepreneurial opportunity is ________.

Accepted Answer

A)  the activities and investments committed to gain returns from the new product or service arising from the opportunity
B)  resources (i.e.,money,relationships,etc.) the entrepreneur could lose if the opportunity does not succeed
C)  an occasion to bring into existence new products and services that allow outputs to be sold at a price greater than their cost of production
D)  an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment
E)  the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation

Question 3

Describe the four factors that influence the ability of individuals to identify opportunities.

Accepted Answer

The four factors that influence the abil...

Question 4

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

Accepted Answer

A)  angel investing
B)  capital investments
C)  bank financing
D)  loan sharking
E)  corporate funding

Question 5

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Accepted Answer

A)  Sustained regeneration
B)  Organized rejuvenation
C)  Public hosting
D)  Strategic renewal
E)  Domain definition

Question 6

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Accepted Answer

A)  Exploitation
B)  Information asymmetry
C)  Entrepreneurial risk
D)  Illusion of control
E)  Social value

Question 7

Entrepreneurship refers to the identification,evaluation and exploitation of opportunities.

Accepted Answer

A) True 
 B)False

Question 8

Jerry starts his own business even when he is advised by family and friends that it is not a suitable opportunity.His friends feel that the market is uncertain and a new entry at this juncture is inadvisable.Jerry soon realizes that his friends were right and he should have taken their advise.In spite of himself,he is forced to admit that the market situation is such that it would take more than being a good entrepreneur to survive.Which of the following is Jerry experiencing?

Accepted Answer

A)  exploitation
B)  anchoring
C)  information bias
D)  illusion of control
E)  reactance

Question 9

________ are wealthy individuals who provide capital to new companies.

Accepted Answer

A)  Angel investors
B)  Venture capitalists
C)  Bank financiers
D)  Crowd funders
E)  Private equity investors

Question 10

________ occurs when a firm attempts to alter its own competitive strategy.

Accepted Answer

A)  Public hosting
B)  Sustained regeneration
C)  Organized rejuvenation
D)  Strategic renewal
E)  Domain definition

Question 11

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

Accepted Answer

A) True 
 B)False

Question 12

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Accepted Answer

A)  Illusion of control
B)  Entrepreneurial risk management
C)  Strategic planning
D)  Feasibility analysis
E)  Entrepreneurial alertness

Question 13

Define social entrepreneurship.

Accepted Answer

Social entrepreneurship involves the rec...

Question 14

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

Accepted Answer

A)  organization's culture,practices,tolerance level for uncertainty
B)  stakeholders and investors
C)  Dow and NASDAQ
D)  individual profits
E)  competition

Question 15

What is corporate entrepreneurship?

Accepted Answer

Corporate entrepreneurship is the proces...

Question 16

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

Accepted Answer

A) True 
 B)False

Question 17

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Accepted Answer

A)  Corporate social entrepreneurship
B)  Intrapreneurship
C)  Intrepreneurship
D)  Corporate entrepreneurship
E)  Social entrepreneurship

Question 18

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

Accepted Answer

A)  Sustained regeneration
B)  Project hosting
C)  Organizational rejuvenation
D)  Strategic renewal
E)  Domain definition

Question 19

Which of the following is true about bank financing?

Accepted Answer

A)  Like angel investors and venture capitalists,banks invest in a business.
B)  Banks are more interested in ensuring that the entrepreneur's opportunity will survive long enough to ensure repayment.
C)  Banks typically focus on investing in a small number of industries.
D)  Banks are concerned with the long-term potential for returns.
E)  Banks typically provide more capital as the new venture becomes more established.

Question 20

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

Accepted Answer

A)  the invention of the heart stent
B)  an American bank providing services in Canada
C)  raising chickens without using any antibiotics
D)  using the Internet to sell a product
E)  using corn to produce ethanol

Exam 6: Management and Entrepreneurship

Describe the four factors that influence the ability of individuals to identify opportunities.

Correct Answer
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The four factors that influence the abil...
View Answer

________ occurs when a firm attempts to alter its own competitive strategy.

Correct Answer
verified

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

Correct Answer
verified

Entrepreneurial opportunity is ________.

Correct Answer
verified

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Correct Answer
verified

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

Correct Answer
verified

Entrepreneurship refers to the identification,evaluation and exploitation of opportunities.

Correct Answer
verified

________ are wealthy individuals who provide capital to new companies.

Correct Answer
verified

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

Correct Answer
verified

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Correct Answer
verified

Which of the following is true about bank financing?

Correct Answer
verified

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

Correct Answer
verified

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Correct Answer
verified

What is corporate entrepreneurship?

Correct Answer
verified
Corporate entrepreneurship is the proces...
View Answer

Correct Answer
verified

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Correct Answer
verified

Define social entrepreneurship.

Correct Answer
verified
Social entrepreneurship involves the rec...
View Answer

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Correct Answer
verified

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

Correct Answer
verified

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

Correct Answer
verified

Exam 6: Management and Entrepreneurship

Describe the four factors that influence the ability of individuals to identify opportunities.

Correct AnswerverifiedThe four factors that influence the abil...View AnswerShow Answer

________ occurs when a firm attempts to alter its own competitive strategy.

Correct AnswerverifiedShow Answer

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

Correct AnswerverifiedShow Answer

Entrepreneurial opportunity is ________.

Correct AnswerverifiedShow Answer

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Correct AnswerverifiedShow Answer

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

Correct AnswerverifiedShow Answer

Entrepreneurship refers to the identification,evaluation and exploitation of opportunities.

Correct AnswerverifiedShow Answer

________ are wealthy individuals who provide capital to new companies.

Correct AnswerverifiedShow Answer

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

Correct AnswerverifiedShow Answer

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Correct AnswerverifiedShow Answer

Which of the following is true about bank financing?

Correct AnswerverifiedShow Answer

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

Correct AnswerverifiedShow Answer

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Correct AnswerverifiedShow Answer

What is corporate entrepreneurship?

Correct AnswerverifiedCorporate entrepreneurship is the proces...View AnswerShow Answer

Correct AnswerverifiedShow Answer

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Correct AnswerverifiedShow Answer

Define social entrepreneurship.

Correct AnswerverifiedSocial entrepreneurship involves the rec...View AnswerShow Answer

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Correct AnswerverifiedShow Answer

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

Correct AnswerverifiedShow Answer

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

Correct AnswerverifiedShow Answer

Correct Answer
verified
The four factors that influence the abil...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified
Corporate entrepreneurship is the proces...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Social entrepreneurship involves the rec...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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