Question 1

________ is the third step of the entrepreneurial process.

Accepted Answer

A) Opportunity identification 
B) Opportunity evaluation 
C) Opportunity exploitation 
D) Opportunity selection 
E) Opportunity improvement 
A) Opportunity identification 
B) Opportunity evaluation 
C) Opportunity exploitation 
D) Opportunity selection 
E) Opportunity improvement

Question 2

Bob's perception that he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.

Accepted Answer

A) upside gain 
B) feasibility gain 
C) illusion of control 
D) feasibility control 
E) gain control 
A) upside gain 
B) feasibility gain 
C) illusion of control 
D) feasibility control 
E) gain control

Question 3

What is corporate entrepreneurship?

Accepted Answer

Corporate entrepreneurship is the proces

Question 4

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

Accepted Answer

A) True 
 B)False

Question 5

________ is the first step of the entrepreneurial process.

Accepted Answer

A) Opportunity identification 
B) Opportunity evaluation 
C) Risk identification 
D) Opportunity feedback 
E) Risk evaluation 
A) Opportunity identification 
B) Opportunity evaluation 
C) Risk identification 
D) Opportunity feedback 
E) Risk evaluation

Question 6

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

Question 7

Although an opportunity may exist,it needs to be recognized first.This is ________.

Accepted Answer

A) opportunity feedback 
B) opportunity evaluation 
C) opportunity exploitation 
D) opportunity identification 
E) opportunity cost 
A) opportunity feedback 
B) opportunity evaluation 
C) opportunity exploitation 
D) opportunity identification 
E) opportunity cost

Question 8

________ is the second step of the entrepreneurial process.

Accepted Answer

A) Opportunity identification 
B) Opportunity selection 
C) Opportunity evaluation 
D) Opportunity feedback 
E) Opportunity success 
A) Opportunity identification 
B) Opportunity selection 
C) Opportunity evaluation 
D) Opportunity feedback 
E) Opportunity success

Question 9

Define social entrepreneurship.

Accepted Answer

Social entrepreneurship involves the rec

Question 10

How do large social networks affect entrepreneurs?

Accepted Answer

A) Social networks do not affect entrepreneurs. 
B) Social networks do not improve the performance of social entrepreneurs. 
C) Social networks can help identify potential employees and volunteers. 
D) Social networks provide no sources of capital. 
E) Social networks have access to commercial entrepreneurs. 
A) Social networks do not affect entrepreneurs. 
B) Social networks do not improve the performance of social entrepreneurs. 
C) Social networks can help identify potential employees and volunteers. 
D) Social networks provide no sources of capital. 
E) Social networks have access to commercial entrepreneurs.

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

Accepted Answer

A) opportunity identification,opportunity evaluation,opportunity exploitation 
B) opportunity identification,opportunity exploitation,opportunity evaluation 
C) opportunity evaluation,opportunity identification,opportunity exploitation 
D) opportunity evaluation,opportunity exploitation,opportunity identification 
E) opportunity exploitation,opportunity evaluation,opportunity identification 
A) opportunity identification,opportunity evaluation,opportunity exploitation 
B) opportunity identification,opportunity exploitation,opportunity evaluation 
C) opportunity evaluation,opportunity identification,opportunity exploitation 
D) opportunity evaluation,opportunity exploitation,opportunity identification 
E) opportunity exploitation,opportunity evaluation,opportunity identification

Question 13

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 
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

Question 14

A(n)________ is an individual who identifies,evaluates,and exploits opportunities.

Accepted Answer

A) leader 
B) entrepreneur 
C) supplier 
D) distributor 
E) opportunist 
A) leader 
B) entrepreneur 
C) supplier 
D) distributor 
E) opportunist

Question 15

George has been researching if he should open a business on his own or with a partner/group.The combination of diverse skills,experiences,and relationship from an entrepreneurial team would offer George a/an ________.

Accepted Answer

A) team benefit 
B) combination plus 
C) advantage group 
D) team advantage 
E) team bonus 
A) team benefit 
B) combination plus 
C) advantage group 
D) team advantage 
E) team bonus

Question 16

What is entrepreneurial risk? In this context,explain downside loss.

Accepted Answer

When evaluating opportunities,entreprene

Question 17

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

Question 18

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 19

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Accepted Answer

A) Social networking 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Feasibility analysis 
E) Entrepreneurial risk 
A) Social networking 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Feasibility analysis 
E) Entrepreneurial risk

Question 20

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

________ is the third step of the entrepreneurial process.

Bob's perception that he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.

What is corporate entrepreneurship?

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

________ is the first step of the entrepreneurial process.

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

Although an opportunity may exist,it needs to be recognized first.This is ________.

________ is the second step of the entrepreneurial process.

Define social entrepreneurship.

How do large social networks affect entrepreneurs?

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

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

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

A(n)________ is an individual who identifies,evaluates,and exploits opportunities.

George has been researching if he should open a business on his own or with a partner/group.The combination of diverse skills,experiences,and relationship from an entrepreneurial team would offer George a/an ________.

What is entrepreneurial risk? In this context,explain downside loss.

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

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

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

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

Introducing Modern Management: Concepts and Skills

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

Exam 2: Management and Entrepreneurship: Handling Start-Ups and New Ventures

________ is the third step of the entrepreneurial process.

Bob's perception that he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.

What is corporate entrepreneurship?

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

________ is the first step of the entrepreneurial process.

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

Although an opportunity may exist,it needs to be recognized first.This is ________.

________ is the second step of the entrepreneurial process.

Define social entrepreneurship.

How do large social networks affect entrepreneurs?

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

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

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

A(n)________ is an individual who identifies,evaluates,and exploits opportunities.

George has been researching if he should open a business on his own or with a partner/group.The combination of diverse skills,experiences,and relationship from an entrepreneurial team would offer George a/an ________.

What is entrepreneurial risk? In this context,explain downside loss.

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

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

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

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

Introducing Modern Management: Concepts and Skills

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters