Question 1

Entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity.

Accepted Answer

A) True 
 B)False

Question 2

With regard to the differences between the entrepreneurial and administrative focuses which of the following is correct

Accepted Answer

A)  Entrepreneurs focus on slow steady growth and managers focus on rapid growth 
B)  Entrepreneurs rent or sporadically use resources; managers like to own resources 
C)  Entrepreneurs are driven by controlled resources; managers by opportunity 
D)  Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach 
A)  Entrepreneurs focus on slow steady growth and managers focus on rapid growth 
B)  Entrepreneurs rent or sporadically use resources; managers like to own resources 
C)  Entrepreneurs are driven by controlled resources; managers by opportunity 
D)  Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach

Question 3

Which of the following is true

Accepted Answer

A)  Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly. 
B)  New ventures started within a corporation performed better than those started independently by entrepreneurs. 
C)  Independent entrepreneurs find difficulty in maintaining a long-term commitment. 
D)  Corporate ventures become profitable twice as fast as independent ventures. 
A)  Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly. 
B)  New ventures started within a corporation performed better than those started independently by entrepreneurs. 
C)  Independent entrepreneurs find difficulty in maintaining a long-term commitment. 
D)  Corporate ventures become profitable twice as fast as independent ventures.

Question 4

A dual process model of coping with negative emotions is an approach to negative emotions based on both avoidance and a proactiveness toward secondary sources of stress arising from a major loss.

Accepted Answer

A) True 
 B)False

Question 5

All these are characteristics of an entrepreneurial environment except:

Accepted Answer

A)  there are short term horizons. 
B)  new ideas are encouraged. 
C)  the organization operates on frontiers of technology. 
D)  it uses a multidiscipline teamwork approach. 
A)  there are short term horizons. 
B)  new ideas are encouraged. 
C)  the organization operates on frontiers of technology. 
D)  it uses a multidiscipline teamwork approach.

Question 6

When would an entrepreneur be pronounced to have recovered from the grief of a lost business

Accepted Answer

A)  On the availability of equally challenging entrepreneurial opportunities 
B)  Upon a simultaneous engagement in an analysis of the failed business 
C)  On having evaluated and absorbed the lessons learnt from the failed business 
D)  When thoughts about the events surrounding, and leading up to the loss of the business, no longer generate a negative emotional response 
A)  On the availability of equally challenging entrepreneurial opportunities 
B)  Upon a simultaneous engagement in an analysis of the failed business 
C)  On having evaluated and absorbed the lessons learnt from the failed business 
D)  When thoughts about the events surrounding, and leading up to the loss of the business, no longer generate a negative emotional response

Question 7

Identify five of the twelve characteristics of an entrepreneurial environment.
TABLE 2.3 Characteristics of an Entrepreneurial Environment
-Organization operates on frontiers of technology
-New ideas encouraged
-Trial and error encouraged
-Failures allowed
-No opportunity parameters
-Resources available and accessible
-Multidiscipline teamwork approach
-Long time horizon
-Volunteer program
-Appropriate reward system
-Sponsors and champions available
-Support of top management 
Students can choose five of the twelve from table 2.3 above.

Accepted Answer

An entrepreneurial environment is one th

Question 8

A sufficient time for top management to be committed to corporate entrepreneurship is:

Accepted Answer

A)  at least one year. 
B)  at least two years. 
C)  at least three years. 
D)  at least ten years. 
A)  at least one year. 
B)  at least two years. 
C)  at least three years. 
D)  at least ten years.

Question 9

________ includes a redefinition of the business concept,reorganization,and the introduction of system-wide changes to increase innovation.

Accepted Answer

A)  Innovativeness 
B)  New business venturing 
C)  Self-renewal 
D)  Proactiveness 
A)  Innovativeness 
B)  New business venturing 
C)  Self-renewal 
D)  Proactiveness

Question 10

Which of the following statements is not true of the restoration orientation approach to negative emotions

Accepted Answer

A)  The restoration orientation approach is based on avoidance and proactiveness toward secondary sources of stress. 
B)  The restoration orientation approach requires oscillating between two alternate approaches to loss. 
C)  The restoration orientation approach involves distracting oneself from thinking about the failure. 
D)  The restoration orientation approach focuses one's energy on addressing problems that arise as a result of the failure. 
A)  The restoration orientation approach is based on avoidance and proactiveness toward secondary sources of stress. 
B)  The restoration orientation approach requires oscillating between two alternate approaches to loss. 
C)  The restoration orientation approach involves distracting oneself from thinking about the failure. 
D)  The restoration orientation approach focuses one's energy on addressing problems that arise as a result of the failure.

Question 11

New product development falls under which of the four major components of corporate entrepreneurship

Accepted Answer

A)  New business venturing 
B)  Self-renewal 
C)  Innovativeness 
D)  Proactiveness 
A)  New business venturing 
B)  Self-renewal 
C)  Innovativeness 
D)  Proactiveness

Question 12

Developing a spirit of entrepreneurship within the existing organization,called corporate entrepreneurship,can lower resistance to flexibility,growth,and diversification.

Accepted Answer

A) True 
 B)False

Question 13

Entrepreneurial endeavors consist of new business venturing,innovativeness,self-renewal,and reactiveness.

Accepted Answer

A) True 
 B)False

Question 14

________ includes initiative and risk taking,as well as competitive aggressiveness and boldness.

Accepted Answer

A)  New business venturing 
B)  Self-renewal 
C)  Innovativeness 
D)  Proactiveness 
A)  New business venturing 
B)  Self-renewal 
C)  Innovativeness 
D)  Proactiveness

Entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity.

With regard to the differences between the entrepreneurial and administrative focuses which of the following is correct

Which of the following is true

A dual process model of coping with negative emotions is an approach to negative emotions based on both avoidance and a proactiveness toward secondary sources of stress arising from a major loss.

All these are characteristics of an entrepreneurial environment except:

When would an entrepreneur be pronounced to have recovered from the grief of a lost business

A sufficient time for top management to be committed to corporate entrepreneurship is:

________ includes a redefinition of the business concept,reorganization,and the introduction of system-wide changes to increase innovation.

Which of the following statements is not true of the restoration orientation approach to negative emotions

New product development falls under which of the four major components of corporate entrepreneurship

Developing a spirit of entrepreneurship within the existing organization,called corporate entrepreneurship,can lower resistance to flexibility,growth,and diversification.

Entrepreneurial endeavors consist of new business venturing,innovativeness,self-renewal,and reactiveness.

________ includes initiative and risk taking,as well as competitive aggressiveness and boldness.

The Entrepreneurial Mind-Set

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 2: Corporate Entrepreneurship

Entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity.

With regard to the differences between the entrepreneurial and administrative focuses which of the following is correct

Which of the following is true

A dual process model of coping with negative emotions is an approach to negative emotions based on both avoidance and a proactiveness toward secondary sources of stress arising from a major loss.

All these are characteristics of an entrepreneurial environment except:

When would an entrepreneur be pronounced to have recovered from the grief of a lost business

A sufficient time for top management to be committed to corporate entrepreneurship is:

________ includes a redefinition of the business concept,reorganization,and the introduction of system-wide changes to increase innovation.

Which of the following statements is not true of the restoration orientation approach to negative emotions

New product development falls under which of the four major components of corporate entrepreneurship

Developing a spirit of entrepreneurship within the existing organization,called corporate entrepreneurship,can lower resistance to flexibility,growth,and diversification.

Entrepreneurial endeavors consist of new business venturing,innovativeness,self-renewal,and reactiveness.

________ includes initiative and risk taking,as well as competitive aggressiveness and boldness.

The Entrepreneurial Mind-Set

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters