Question 1

A partnership is a legal entity created as a legal entity by the state and existing apart from its owners.

Accepted Answer

A) True 
 B)False

Question 2

An entrepreneur recognises a viable idea for a business product or service and carries it out.

Accepted Answer

A) True 
 B)False

Question 3

During the __________ stage,the company will need to make greater use of budgets,standard cost systems and statistical reports.

Accepted Answer

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

Question 4

What is the difference between an entrepreneur and an intrapreneur?

Accepted Answer

An entrepreneur invents and develops his

Question 5

The belief by individuals that their future is not within their control but rather is influenced by external forces is referred to as a(n):

Accepted Answer

A)  awareness of passing time 
B)  tolerance for ambiguity 
C)  internal locus of control 
D)  external locus of control 
E)  deferred locus of control. 
A)  awareness of passing time 
B)  tolerance for ambiguity 
C)  internal locus of control 
D)  external locus of control 
E)  deferred locus of control.

Question 6

Encouraging intrapreneurships:

Accepted Answer

A)  results in spin-offs from frustrated employees 
B)  creates disruption to the normal successful business 
C)  is a way to keep innovation within the organization 
D)  may incur the wrath of labour unions 
E)  limits innovation in an organisation. 
A)  results in spin-offs from frustrated employees 
B)  creates disruption to the normal successful business 
C)  is a way to keep innovation within the organization 
D)  may incur the wrath of labour unions 
E)  limits innovation in an organisation.

Question 7

The resource maturity stage is the last of the five stages of growth for an entrepreneurial company.

Accepted Answer

A) True 
 B)False

Question 8

The process of initiating a business venture,gathering and organising the appropriate resources and assuming the associated risks and rewards is entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 9

The human quality in which people are motivated to excel and pick situations in which success is likely is known as 'self-confidence'.

Accepted Answer

A) True 
 B)False

Question 10

A(n)____________________ locus of control is the belief by individuals that their future is within their control.

Accepted Answer

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

Question 11

Briefly define and compare internal and external locus of control.

Accepted Answer

Internal locus of control is the belief

Question 12

David Montgomery and David Waterhouse of Technico in Australia developed a unique method for speeding up potato seed propagation,greatly reducing the cycle time.These men may be described as ____________________.

Accepted Answer

The answer of David Montgomery and David Waterhouse of Technico...

Question 13

The drawback(s)of proprietorship include:

Accepted Answer

A)  the unlimited liability of the partners 
B)  conflicts with partners 
C)  tax responsibilities 
D)  difficulty in obtaining financing 
E)  complexity and cost. 
A)  the unlimited liability of the partners 
B)  conflicts with partners 
C)  tax responsibilities 
D)  difficulty in obtaining financing 
E)  complexity and cost.

Question 14

List the five stages of growth for an entrepreneurial company.

Accepted Answer

Start-up and existen

Question 15

The 3M ____________________ Art Frey invented the Post-it Note as the result of personal frustration when his page markers were repeatedly lost.

Accepted Answer

The answer of The 3M ____________________ Art Frey invented the...

Question 16

During the latter stages of entrepreneurial growth,the manager:

Accepted Answer

A)  must learn to delegate and decentralise authority 
B)  must institute greater use of rules and procedures 
C)  must hire sufficient management to handle the growth 
D)  All of these choices. 
E)  None of these choices. 
A)  must learn to delegate and decentralise authority 
B)  must institute greater use of rules and procedures 
C)  must hire sufficient management to handle the growth 
D)  All of these choices. 
E)  None of these choices.

Question 17

Identify and define the six personality characteristics of an entrepreneur.Using examples from the business world,indicate what traits/behaviours might be included under each of the characteristics.

Accepted Answer

Students should be able to define all of

Question 18

A business plan is a document specifying the business details prepared by an entrepreneur prior to opening a new business.

Accepted Answer

A) True 
 B)False

Question 19

Identify and define the five types of small business owner.Use example (real or imagined)to illustrate your answer

Accepted Answer

Student should be able to identify the f

Question 20

___________________ innovation is a keen to continuous improvement.

Accepted Answer

A)  Moderate 
B)  Incremental 
C)  Radical 
D)  Internet-based 
E)  All of these choices. 
A)  Moderate 
B)  Incremental 
C)  Radical 
D)  Internet-based 
E)  All of these choices.

Exam 6: Managing Start-Ups and New Ventures

A partnership is a legal entity created as a legal entity by the state and existing apart from its owners.

An entrepreneur recognises a viable idea for a business product or service and carries it out.

During the __________ stage,the company will need to make greater use of budgets,standard cost systems and statistical reports.

What is the difference between an entrepreneur and an intrapreneur?

The belief by individuals that their future is not within their control but rather is influenced by external forces is referred to as a(n):

Encouraging intrapreneurships:

The resource maturity stage is the last of the five stages of growth for an entrepreneurial company.

The process of initiating a business venture,gathering and organising the appropriate resources and assuming the associated risks and rewards is entrepreneurship.

The human quality in which people are motivated to excel and pick situations in which success is likely is known as 'self-confidence'.

A(n)____________________ locus of control is the belief by individuals that their future is within their control.

Briefly define and compare internal and external locus of control.

David Montgomery and David Waterhouse of Technico in Australia developed a unique method for speeding up potato seed propagation,greatly reducing the cycle time.These men may be described as ____________________.

The drawback(s)of proprietorship include:

List the five stages of growth for an entrepreneurial company.

The 3M ____________________ Art Frey invented the Post-it Note as the result of personal frustration when his page markers were repeatedly lost.

During the latter stages of entrepreneurial growth,the manager:

Identify and define the six personality characteristics of an entrepreneur.Using examples from the business world,indicate what traits/behaviours might be included under each of the characteristics.

A business plan is a document specifying the business details prepared by an entrepreneur prior to opening a new business.

Identify and define the five types of small business owner.Use example (real or imagined)to illustrate your answer

___________________ innovation is a keen to continuous improvement.

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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