Question 1

Stockholders have the largest impact on a firm's growth potential

Accepted Answer

A) True 
 B)False  False

Question 2

What skills become increasingly important at later stages of development for a company?

Accepted Answer

A)  Marketing 
B)  Managerial 
C)  Technical 
D)  Entrepreneurial 
E)  Opportunity identification 
A)  Marketing 
B)  Managerial 
C)  Technical 
D)  Entrepreneurial 
E)  Opportunity identification B

Question 3

The opportunity domain is one of the four driving forces in the growth stages of any firm.

Accepted Answer

A) True 
 B)False  True

Question 4

You should try to implement a complex system of control from the early stages of growth

Accepted Answer

A) True 
 B)False

Question 5

What purpose should the board of directors serve as a company professionalizes?

Accepted Answer

A)  Mentorship. 
B)  Strategic. 
C)  Operating. 
D)  Credit lending. 
E)  To represent suppliers. 
A)  Mentorship. 
B)  Strategic. 
C)  Operating. 
D)  Credit lending. 
E)  To represent suppliers.

Question 6

What is NOT an option an entrepreneur must consider beyond startup?

Accepted Answer

A)  Leaving the venture 
B)  Selling the venture 
C)  Maintaining the venture 
D)  Growing the venture 
E)  All of them are options 
A)  Leaving the venture 
B)  Selling the venture 
C)  Maintaining the venture 
D)  Growing the venture 
E)  All of them are options

Question 7

A typical acquisition gives the owner 50% in cash and 50% in the acquiring company's stock.

Accepted Answer

A) True 
 B)False

Question 8

Execution has the most direct link to profits

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not mentioned in the chapter as a key objective for a control system?

Accepted Answer

A)  To create culture 
B)  To institute control 
C)  To manage cash 
D)  To track performance 
E)  All of the above are mentioned 
A)  To create culture 
B)  To institute control 
C)  To manage cash 
D)  To track performance 
E)  All of the above are mentioned

Question 10

Growing companies who choose to expand through acquisition do so by primarily looking beyond their opportunity domain.

Accepted Answer

A) True 
 B)False

Question 11

What do customers usually want the company to do with its products?

Accepted Answer

A)  To improve the products they know best. 
B)  To introduce new products. 
C)  To change brand names of existing products. 
D)  To produce products inside the country. 
E)  None of the above. 
A)  To improve the products they know best. 
B)  To introduce new products. 
C)  To change brand names of existing products. 
D)  To produce products inside the country. 
E)  None of the above.

Question 12

During the early growth, the entrepreneur needs to focus on the company's strategy

Accepted Answer

A) True 
 B)False

Question 13

Managing cash is one of the key objectives of a control system

Accepted Answer

A) True 
 B)False

Question 14

The most critical first task in transitioning a business beyond the startup stage is to sustain an entrepreneurial organization.

Accepted Answer

A) True 
 B)False

Question 15

An effective control system includes all of following except:

Accepted Answer

A)  Account payables policies 
B)  Accounts receivables and collections policies 
C)  Assessment of performance and expenditures 
D)  An inventory management system 
E)  A risk-assessment ratios tracking 
A)  Account payables policies 
B)  Accounts receivables and collections policies 
C)  Assessment of performance and expenditures 
D)  An inventory management system 
E)  A risk-assessment ratios tracking

Question 16

What best characterizes an entrepreneur?

Accepted Answer

A)  Resource driven 
B)  Maintains consistency and predictability 
C)  Implements the business 
D)  Opportunity driven 
E)  Enhances efficiency of organization 
A)  Resource driven 
B)  Maintains consistency and predictability 
C)  Implements the business 
D)  Opportunity driven 
E)  Enhances efficiency of organization

Question 17

At the core of the growth model lays execution.

Accepted Answer

A) True 
 B)False

Question 18

Professional managers for companies in later growth stages are almost always internal candidates because of their unique experience with the company.

Accepted Answer

A) True 
 B)False

Question 19

It is possible to have a negative cash conversion period

Accepted Answer

A) True 
 B)False

Question 20

What should an entrepreneur focus on during early growth?

Accepted Answer

A)  Expansion 
B)  Strategy 
C)  Operations 
D)  Accounting 
E)  Networking 
A)  Expansion 
B)  Strategy 
C)  Operations 
D)  Accounting 
E)  Networking

Stockholders have the largest impact on a firm's growth potential

What skills become increasingly important at later stages of development for a company?

The opportunity domain is one of the four driving forces in the growth stages of any firm.

You should try to implement a complex system of control from the early stages of growth

What purpose should the board of directors serve as a company professionalizes?

What is NOT an option an entrepreneur must consider beyond startup?

A typical acquisition gives the owner 50% in cash and 50% in the acquiring company's stock.

Execution has the most direct link to profits

Which of the following is not mentioned in the chapter as a key objective for a control system?

Growing companies who choose to expand through acquisition do so by primarily looking beyond their opportunity domain.

What do customers usually want the company to do with its products?

During the early growth, the entrepreneur needs to focus on the company's strategy

Managing cash is one of the key objectives of a control system

The most critical first task in transitioning a business beyond the startup stage is to sustain an entrepreneurial organization.

An effective control system includes all of following except:

What best characterizes an entrepreneur?

At the core of the growth model lays execution.

Professional managers for companies in later growth stages are almost always internal candidates because of their unique experience with the company.

It is possible to have a negative cash conversion period

What should an entrepreneur focus on during early growth?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Prototyping Your Ideas

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Social Entrepreneurship

Filters

Exam 14: Entrepreneurial Growth

Stockholders have the largest impact on a firm's growth potential

What skills become increasingly important at later stages of development for a company?

The opportunity domain is one of the four driving forces in the growth stages of any firm.

You should try to implement a complex system of control from the early stages of growth

What purpose should the board of directors serve as a company professionalizes?

What is NOT an option an entrepreneur must consider beyond startup?

A typical acquisition gives the owner 50% in cash and 50% in the acquiring company's stock.

Execution has the most direct link to profits

Which of the following is not mentioned in the chapter as a key objective for a control system?

Growing companies who choose to expand through acquisition do so by primarily looking beyond their opportunity domain.

What do customers usually want the company to do with its products?

During the early growth, the entrepreneur needs to focus on the company's strategy

Managing cash is one of the key objectives of a control system

The most critical first task in transitioning a business beyond the startup stage is to sustain an entrepreneurial organization.

An effective control system includes all of following except:

What best characterizes an entrepreneur?

At the core of the growth model lays execution.

Professional managers for companies in later growth stages are almost always internal candidates because of their unique experience with the company.

It is possible to have a negative cash conversion period

What should an entrepreneur focus on during early growth?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Prototyping Your Ideas

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Social Entrepreneurship

Filters