Question 1

A business incubator is an independent company producing a product or service similar to that produced by the entrepreneur's former employer.

Accepted Answer

A) True 
 B)False

Question 2

A(n)____________________ locus of control is the belief by individuals that their future is not within their control but rather is influenced by external forces.

Accepted Answer

The answer of A(n)____________________ locus of control is the belief...

Question 3

An effective business plan will include all of the following,except:

Accepted Answer

A)  clear and realistic financial projections 
B)  evidence of an effective entrepreneurial management team 
C)  a clear and compelling vision for the business 
D)  in-depth details, typically greater than 50 pages in length 
E)  All of these choices. 
A)  clear and realistic financial projections 
B)  evidence of an effective entrepreneurial management team 
C)  a clear and compelling vision for the business 
D)  in-depth details, typically greater than 50 pages in length 
E)  All of these choices.

Question 4

Assistance provided by angel financing involves:

Accepted Answer

A) investing large amounts of money 
B) providing necessary assistance and advice 
C) providing information to help the entrepreneur prosper 
D) baring a lower amount of associated investment risk 
E) A,B and C. 
A) investing large amounts of money 
B) providing necessary assistance and advice 
C) providing information to help the entrepreneur prosper 
D) baring a lower amount of associated investment risk 
E) A,B and C.

Question 5

A(n)____________________ (two words)is a product,service,system or technology which is brand new to the industry,country or world.

Accepted Answer

The answer of A(n)____________________ (two words)is a product,service,system or technology...

Question 6

List the viable tactics for becoming a new business owner.

Accepted Answer

Start a new business; buy an e

Question 7

The process of starting a business venture,organising the resources and taking the risks is known as:

Accepted Answer

A)  intrapreneurship 
B)  entrepreneurship 
C)  small business administration 
D)  venture capital 
E)  equity financing. 
A)  intrapreneurship 
B)  entrepreneurship 
C)  small business administration 
D)  venture capital 
E)  equity financing.

Question 8

Adam believes that things such as luck or chance will determine his future success.Adam has:

Accepted Answer

A)  an internal locus of control 
B)  a high need for achievement 
C)  a tolerance for ambiguity 
D)  an external locus of control 
E)  high level of self-confidence. 
A)  an internal locus of control 
B)  a high need for achievement 
C)  a tolerance for ambiguity 
D)  an external locus of control 
E)  high level of self-confidence.

Question 9

During the _________________________ stage,the small business has demonstrated that has a workable business strategy

Accepted Answer

The answer of During the _________________________ stage,the small business has...

Question 10

An artificial entity created by the state and existing apart from its owners is known as a(n):

Accepted Answer

A)  partnership 
B)  proprietorship 
C)  company 
D)  association 
E)  dealership. 
A)  partnership 
B)  proprietorship 
C)  company 
D)  association 
E)  dealership.

Question 11

If an individual has an internal locus of control,they believe that their future is not within their control but rather is influenced by external forces.

Accepted Answer

A) True 
 B)False

Question 12

A company has made substantial financial gains,but may start to lose the advantages of small size through diseconomy of scale.Which stage of growth is this company experiencing?

Accepted Answer

A)  Resource maturity 
B)  Take-off 
C)  Success 
D)  Survival 
E)  Existence 
A)  Resource maturity 
B)  Take-off 
C)  Success 
D)  Survival 
E)  Existence

Question 13

A functional organisation structure starting to evolve with managers in charge of finance,manufacturing and marketing,describes which stage of growth?

Accepted Answer

A)  Existence 
B)  Survival 
C)  Take-off 
D)  Success 
E)  Resource maturity 
A)  Existence 
B)  Survival 
C)  Take-off 
D)  Success 
E)  Resource maturity

Question 14

Business plan documents may differ in their specifics,but all effective ones share the following characteristics,except:

Accepted Answer

A)  They demonstrate a clear, compelling vision. 
B)  Provide detailed information about potential customers and target market characteristics. 
C)  Pay attention to formatting and clear writing. 
D)  Are detailed, complex and are typically greater than 50 pages in length. 
E)  All of these are characteristics of effective business plans. 
A)  They demonstrate a clear, compelling vision. 
B)  Provide detailed information about potential customers and target market characteristics. 
C)  Pay attention to formatting and clear writing. 
D)  Are detailed, complex and are typically greater than 50 pages in length. 
E)  All of these are characteristics of effective business plans.

Question 15

The characteristic known as 'tolerance of ambiguity' describes a person to be untroubled by disorder and uncertainty

Accepted Answer

A) True 
 B)False

Question 16

A(n)___________________ is characterised as someone who has a high energy and enjoys handling every detail of their own business.

Accepted Answer

The answer of A(n)___________________ is characterised as someone who has...

Question 17

Identify the six tests that an organisational innovation must 'pass' in order for it to be commercially successful.

Accepted Answer

1.The innovation must be 'fit for purpos

Question 18

Financing provided by a wealthy individual who believes in the idea for a start-up and provides personal funds and advice to help the business get started is known as equity financing.

Accepted Answer

A) True 
 B)False

Question 19

Discuss the emergent role that 'social entrepreneurship' fulfils in the business world.Using the fastcompany.com website,provide some examples of organisations that have adopted social entrepreneurship.

Accepted Answer

Social entrepreneurship combines the cre

Question 20

Since 1998,a major investment in computer systems was made to provide CEO Peter Dryen at Dryen Australia with the type of information he could no longer keep up with himself.This would suggest that Dryen Australia is in the ________ stage.

Accepted Answer

A)  existence 
B)  growth 
C)  take-off 
D)  success 
E)  maturity 
A)  existence 
B)  growth 
C)  take-off 
D)  success 
E)  maturity

Exam 6: Managing Start-Ups and New Ventures

A business incubator is an independent company producing a product or service similar to that produced by the entrepreneur's former employer.

A(n)____________________ locus of control is the belief by individuals that their future is not within their control but rather is influenced by external forces.

An effective business plan will include all of the following,except:

Assistance provided by angel financing involves:

A(n)____________________ (two words)is a product,service,system or technology which is brand new to the industry,country or world.

List the viable tactics for becoming a new business owner.

The process of starting a business venture,organising the resources and taking the risks is known as:

Adam believes that things such as luck or chance will determine his future success.Adam has:

During the _________________________ stage,the small business has demonstrated that has a workable business strategy

An artificial entity created by the state and existing apart from its owners is known as a(n):

If an individual has an internal locus of control,they believe that their future is not within their control but rather is influenced by external forces.

A company has made substantial financial gains,but may start to lose the advantages of small size through diseconomy of scale.Which stage of growth is this company experiencing?

A functional organisation structure starting to evolve with managers in charge of finance,manufacturing and marketing,describes which stage of growth?

Business plan documents may differ in their specifics,but all effective ones share the following characteristics,except:

The characteristic known as 'tolerance of ambiguity' describes a person to be untroubled by disorder and uncertainty

A(n)___________________ is characterised as someone who has a high energy and enjoys handling every detail of their own business.

Identify the six tests that an organisational innovation must 'pass' in order for it to be commercially successful.

Financing provided by a wealthy individual who believes in the idea for a start-up and provides personal funds and advice to help the business get started is known as equity financing.

Discuss the emergent role that 'social entrepreneurship' fulfils in the business world.Using the fastcompany.com website,provide some examples of organisations that have adopted social entrepreneurship.

Since 1998,a major investment in computer systems was made to provide CEO Peter Dryen at Dryen Australia with the type of information he could no longer keep up with himself.This would suggest that Dryen Australia is in the ________ stage.

The Changing World of Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics,Social Responsibility and Sustainable Development

Organisational Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Organisation Structure

Managing Change and Innovation

Managing Human Resourcess

Managing Diversity

Individual Behaviour in Organisations

Leadership

Motivating Employees

Communication in Organisations

Leading Teams

Managerial and Quality Control

Managing the Value Chain, Information Technology and E-Business

Making Effective Management Happen

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