Question 1

Licensing is mostly used in the service industries.

Accepted Answer

A) True 
 B)False

Question 2

According to the resource-based view,the entrepreneurial resources must have inimitable resources to be successful.

Accepted Answer

A) True 
 B)False

Question 3

Compared to large firms,innovators at SMEs have limited ability to personally profit from their innovations because property rights usually belong to the corporation.

Accepted Answer

A) True 
 B)False

Question 4

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

Accepted Answer

A)  Direct exports 
B)  Licensing 
C)  Indirect exports 
D)  Letters of credit 
A)  Direct exports 
B)  Licensing 
C)  Indirect exports 
D)  Letters of credit

Question 5

In general,governments in developed economies impose more procedures to start a company than those in poorer countries.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a popular way to enter into international service markets?

Accepted Answer

A)  Licensing 
B)  Harvest and exit 
C)  Franchising 
D)  Indirect exporting 
A)  Licensing 
B)  Harvest and exit 
C)  Franchising 
D)  Indirect exporting

Question 7

Which of the following is a defining characteristic of entrepreneurship?

Accepted Answer

A)  Size of the firm 
B)  Market share of the firm 
C)  Ability to exploit opportunity 
D)  Nationality of the individual or firm 
A)  Size of the firm 
B)  Market share of the firm 
C)  Ability to exploit opportunity 
D)  Nationality of the individual or firm

Question 8

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Accepted Answer

A)  Monotonousness 
B)  Internationalization 
C)  Inimitability 
D)  Informality 
A)  Monotonousness 
B)  Internationalization 
C)  Inimitability 
D)  Informality

Question 9

Foreign direct investment is the only way in which SMEs can enter foreign markets.

Accepted Answer

A) True 
 B)False

Question 10

The word "entrepreneurs" mostly refers to founders and owners of new businesses or managers of existing firms.

Accepted Answer

A) True 
 B)False

Question 11

Franchising is typically used in manufacturing industries.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following nations has the highest level of informal investment,as a percentage of GDP,in the world?

Accepted Answer

A)  Sweden 
B)  China 
C)  Greece 
D)  Japan 
A)  Sweden 
B)  China 
C)  Greece 
D)  Japan

Question 13

International new ventures are also referred to as _____.

Accepted Answer

A)  born global firms 
B)  microfinance firms 
C)  greenfield subsidiaries 
D)  conglomerates 
A)  born global firms 
B)  microfinance firms 
C)  greenfield subsidiaries 
D)  conglomerates

Question 14

Which of the following supports the notion that most new ventures in China are financed by friends and family?

Accepted Answer

A)  Informal investments are outlawed in China. 
B)  China lacks formal market-supporting institutions. 
C)  Credit reporting agencies are abundant in China. 
D)  Venture capitalists are the biggest investors for entrepreneurship in China. 
A)  Informal investments are outlawed in China. 
B)  China lacks formal market-supporting institutions. 
C)  Credit reporting agencies are abundant in China. 
D)  Venture capitalists are the biggest investors for entrepreneurship in China.

Question 15

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 16

Entrepreneurial firms can internationalize while staying in domestic markets through indirect exports.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is a part of the VRIO framework?

Accepted Answer

A)  Value 
B)  Reliability 
C)  Impulse 
D)  Orientation 
A)  Value 
B)  Reliability 
C)  Impulse 
D)  Orientation

Question 18

Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?

Accepted Answer

A)  Harvest and exit 
B)  Indirect exports 
C)  Microfinancing 
D)  Franchising 
A)  Harvest and exit 
B)  Indirect exports 
C)  Microfinancing 
D)  Franchising

Licensing is mostly used in the service industries.

According to the resource-based view,the entrepreneurial resources must have inimitable resources to be successful.

Compared to large firms,innovators at SMEs have limited ability to personally profit from their innovations because property rights usually belong to the corporation.

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

In general,governments in developed economies impose more procedures to start a company than those in poorer countries.

Which of the following is a popular way to enter into international service markets?

Which of the following is a defining characteristic of entrepreneurship?

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Foreign direct investment is the only way in which SMEs can enter foreign markets.

The word "entrepreneurs" mostly refers to founders and owners of new businesses or managers of existing firms.

Franchising is typically used in manufacturing industries.

Which of the following nations has the highest level of informal investment,as a percentage of GDP,in the world?

International new ventures are also referred to as _____.

Which of the following supports the notion that most new ventures in China are financed by friends and family?

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Entrepreneurial firms can internationalize while staying in domestic markets through indirect exports.

Which of the following is a part of the VRIO framework?

Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 9: Growing and Internationalizing the Entrepreneurial Firm

Licensing is mostly used in the service industries.

According to the resource-based view,the entrepreneurial resources must have inimitable resources to be successful.

Compared to large firms,innovators at SMEs have limited ability to personally profit from their innovations because property rights usually belong to the corporation.

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

In general,governments in developed economies impose more procedures to start a company than those in poorer countries.

Which of the following is a popular way to enter into international service markets?

Which of the following is a defining characteristic of entrepreneurship?

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Foreign direct investment is the only way in which SMEs can enter foreign markets.

The word "entrepreneurs" mostly refers to founders and owners of new businesses or managers of existing firms.

Franchising is typically used in manufacturing industries.

Which of the following nations has the highest level of informal investment,as a percentage of GDP,in the world?

International new ventures are also referred to as _____.

Which of the following supports the notion that most new ventures in China are financed by friends and family?

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Entrepreneurial firms can internationalize while staying in domestic markets through indirect exports.

Which of the following is a part of the VRIO framework?

Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters