Question 1

What is a code of conduct, and how can it assist a business?

Accepted Answer

A code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres. In practice, codes of conduct set the basic rules or parameters for conducting any ac¬tivity in an "acceptable" manner. This can help a business remain true to its values when presented with difficult ethical dilemmas.

Question 2

Which of the following enterprise characteristics can pose a threat to a firm's development during the growth stage?

Accepted Answer

A)  A highly centralized decision-making system 
B)  An overde?pendence on one or two key individuals 
C)  An inadequate repertoire of managerial skills and training 
D)  Paternalistic atmosphere 
E)  All of the above 
A)  A highly centralized decision-making system 
B)  An overde?pendence on one or two key individuals 
C)  An inadequate repertoire of managerial skills and training 
D)  Paternalistic atmosphere 
E)  All of the above E

Question 3

When considering the risks of international growth, _______________ incorporate fluctuating exchange rates, repatriation of profits and capital, and seasonal cash flows.

Accepted Answer

A)  Economic risks 
B)  Political risks 
C)  Financial risks 
D)  Social risks 
A)  Economic risks 
B)  Political risks 
C)  Financial risks 
D)  Social risks C

Question 4

Describe at least two advantages and two disadvantages that are associated with operating as a small firm.

Accepted Answer

a. Advantages
Speed - In smaller firms,

Question 5

When considering the risks of international growth, _______________ include unstable governments, disruptions caused by territorial conflicts, wars, regionalism, illegal occupation, and political ideological differences.

Accepted Answer

A)  Economic risks 
B)  Political risks 
C)  Financial risks 
D)  Social risks 
A)  Economic risks 
B)  Political risks 
C)  Financial risks 
D)  Social risks

Question 6

During the growth stage, an entrepreneur must transition into a more managerial style that focuses on the planning and organizational ability needed to run a business

Accepted Answer

A) True 
 B)False

Question 7

Before entering a foreign market, it is important to study the unique culture of the potential customers.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT an advantage commonly enjoyed by small ventures?

Accepted Answer

A)  Greater flexibility 
B)  Immediate implementation of decisions 
C)  Better market knowledge 
D)  Ability to offer truly personal service 
A)  Greater flexibility 
B)  Immediate implementation of decisions 
C)  Better market knowledge 
D)  Ability to offer truly personal service

Question 9

The level of failure the entrepreneur experienced and learned from at the start of the venture should be regarded as _________ the level expected, tolerated, and learned from in the growth stage.

Accepted Answer

A)  Less than 
B)  The same as 
C)  Greater than 
A)  Less than 
B)  The same as 
C)  Greater than

Question 10

New ventures face several disadvantages due to their small size.

Accepted Answer

A) True 
 B)False

Question 11

Describe some of the threats and risks associated with entry into foreign markets.

Accepted Answer

Ignorance, lack of experience, and lack

Question 12

During the growth stage, it is essential that an entrepreneur practice _______________ in order to free up his or her time to focus on planning and the challenges of business growth.

Accepted Answer

A)  Tolerance of failure 
B)  Effective delegation 
C)  Responsibility 
D)  Working late 
A)  Tolerance of failure 
B)  Effective delegation 
C)  Responsibility 
D)  Working late

Question 13

Entrepreneurial style relates to the creativity, innovation, and risk-taking ability needed to start up a venture, whereas managerial style emphasizes the ________________ability needed to operate the business

Accepted Answer

A)  planning and organizational 
B)  financial accounting 
C)  marketing 
D)  personnel management 
E)  All of the above 
A)  planning and organizational 
B)  financial accounting 
C)  marketing 
D)  personnel management 
E)  All of the above

Question 14

During the growth stage a "Quasi-board" or "board of advisors" can be a helpful source of:

Accepted Answer

A)  Outside managerial assistance 
B)  Process discipline 
C)  Innovative ideas 
D)  Flexibility 
A)  Outside managerial assistance 
B)  Process discipline 
C)  Innovative ideas 
D)  Flexibility

Question 15

Before entering a foreign market, an entrepreneur should consider their own:

Accepted Answer

A)  Knowledge of foreign language 
B)  Experience with foreign cultures 
C)  International orientation 
D)  All of the above 
A)  Knowledge of foreign language 
B)  Experience with foreign cultures 
C)  International orientation 
D)  All of the above

Question 16

Countries vary with respect to the quantity and proportion of resources they possess, which forms the basis for ___________________ of nations

Accepted Answer

A)  Lasting partnerships 
B)  The short term success 
C)  A sustainable competitive advantage 
A)  Lasting partnerships 
B)  The short term success 
C)  A sustainable competitive advantage

Question 17

Growth of the venture can often raise many ethical challenges, necessitating the formation of as strong ethical code within the firm.

Accepted Answer

A) True 
 B)False

Question 18

The level of failure the entrepreneur experienced and learned from at the start of the venture can be regarded as less than the level expected, tolerated, and learned from in the growth stage.

Accepted Answer

A) True 
 B)False

Question 19

Rapidly developing countries such as China, Sri Lanka, India etc. fall under which category

Accepted Answer

A)  Labor-rich countries 
B)  Resource-rich countries 
C)  Market-rich countries 
D)  Capital-rich countries 
A)  Labor-rich countries 
B)  Resource-rich countries 
C)  Market-rich countries 
D)  Capital-rich countries

Question 20

Using a sharp _______________ on what they set out to do, top management teams in high growth firms stay clearly directed on the specific strategic challenges in their industry.

Accepted Answer

A)  Market Focus 
B)  VC Backing 
C)  Financial focus 
D)  Operations plan 
A)  Market Focus 
B)  VC Backing 
C)  Financial focus 
D)  Operations plan

What is a code of conduct, and how can it assist a business?

Which of the following enterprise characteristics can pose a threat to a firm's development during the growth stage?

When considering the risks of international growth, _______________ incorporate fluctuating exchange rates, repatriation of profits and capital, and seasonal cash flows.

Describe at least two advantages and two disadvantages that are associated with operating as a small firm.

When considering the risks of international growth, _______________ include unstable governments, disruptions caused by territorial conflicts, wars, regionalism, illegal occupation, and political ideological differences.

During the growth stage, an entrepreneur must transition into a more managerial style that focuses on the planning and organizational ability needed to run a business

Before entering a foreign market, it is important to study the unique culture of the potential customers.

Which of the following is NOT an advantage commonly enjoyed by small ventures?

The level of failure the entrepreneur experienced and learned from at the start of the venture should be regarded as _________ the level expected, tolerated, and learned from in the growth stage.

New ventures face several disadvantages due to their small size.

Describe some of the threats and risks associated with entry into foreign markets.

During the growth stage, it is essential that an entrepreneur practice _______________ in order to free up his or her time to focus on planning and the challenges of business growth.

Entrepreneurial style relates to the creativity, innovation, and risk-taking ability needed to start up a venture, whereas managerial style emphasizes the ________________ability needed to operate the business

During the growth stage a "Quasi-board" or "board of advisors" can be a helpful source of:

Before entering a foreign market, an entrepreneur should consider their own:

Countries vary with respect to the quantity and proportion of resources they possess, which forms the basis for ___________________ of nations

Growth of the venture can often raise many ethical challenges, necessitating the formation of as strong ethical code within the firm.

The level of failure the entrepreneur experienced and learned from at the start of the venture can be regarded as less than the level expected, tolerated, and learned from in the growth stage.

Rapidly developing countries such as China, Sri Lanka, India etc. fall under which category

Using a sharp _______________ on what they set out to do, top management teams in high growth firms stay clearly directed on the specific strategic challenges in their industry.

New Ventures: The Quiet Giant

Ideation: The Concept

Venture Choices

Marketing: The Customer

Legal Considerations: The Parameters

Strategic Pricing: The Hook

Startup Capital: The Injection

Financial Statements: The Scorecard

Financial Analysis: The Gauges

HR and the Development of Teams: The People

Successful Business Plans: The Compass

Filters

Exam 12: Scaling Ventures: The Future

What is a code of conduct, and how can it assist a business?

Which of the following enterprise characteristics can pose a threat to a firm's development during the growth stage?

When considering the risks of international growth, _______________ incorporate fluctuating exchange rates, repatriation of profits and capital, and seasonal cash flows.

Describe at least two advantages and two disadvantages that are associated with operating as a small firm.

When considering the risks of international growth, _______________ include unstable governments, disruptions caused by territorial conflicts, wars, regionalism, illegal occupation, and political ideological differences.

During the growth stage, an entrepreneur must transition into a more managerial style that focuses on the planning and organizational ability needed to run a business

Before entering a foreign market, it is important to study the unique culture of the potential customers.

Which of the following is NOT an advantage commonly enjoyed by small ventures?

The level of failure the entrepreneur experienced and learned from at the start of the venture should be regarded as _________ the level expected, tolerated, and learned from in the growth stage.

New ventures face several disadvantages due to their small size.

Describe some of the threats and risks associated with entry into foreign markets.

During the growth stage, it is essential that an entrepreneur practice _______________ in order to free up his or her time to focus on planning and the challenges of business growth.

Entrepreneurial style relates to the creativity, innovation, and risk-taking ability needed to start up a venture, whereas managerial style emphasizes the ________________ability needed to operate the business

During the growth stage a "Quasi-board" or "board of advisors" can be a helpful source of:

Before entering a foreign market, an entrepreneur should consider their own:

Countries vary with respect to the quantity and proportion of resources they possess, which forms the basis for ___________________ of nations

Growth of the venture can often raise many ethical challenges, necessitating the formation of as strong ethical code within the firm.

The level of failure the entrepreneur experienced and learned from at the start of the venture can be regarded as less than the level expected, tolerated, and learned from in the growth stage.

Rapidly developing countries such as China, Sri Lanka, India etc. fall under which category

Using a sharp _______________ on what they set out to do, top management teams in high growth firms stay clearly directed on the specific strategic challenges in their industry.

New Ventures: The Quiet Giant

Ideation: The Concept

Venture Choices

Marketing: The Customer

Legal Considerations: The Parameters

Strategic Pricing: The Hook

Startup Capital: The Injection

Financial Statements: The Scorecard

Financial Analysis: The Gauges

HR and the Development of Teams: The People

Successful Business Plans: The Compass

Filters