Question 1

Effective time management can increase an entrepreneur's job satisfaction.

Accepted Answer

A) True 
 B)False  True

Question 2

What benefits can an entrepreneur receive from better time management?

Accepted Answer

Increased productivity
Increased job satisfaction
Improved personal relationships
Reduced anxiety and tension
Better health

Question 3

Developing standardized forms and procedures for recurring events would be an example of the principle of reanalysis.

Accepted Answer

A) True 
 B)False  False

Question 4

In order to better serve customers,all customer information should be stored in the memory of individual salespeople.

Accepted Answer

A) True 
 B)False

Question 5

The principle of reanalysis requires the entrepreneur to categorize his or her tasks by their degree of importance and then to allocate time to tasks based on this categorization.

Accepted Answer

A) True 
 B)False

Question 6

The grocery and pharmaceutical industries have developed a computerized system to link chain members together and manage demand,distribution,and marketing.

Accepted Answer

A) True 
 B)False

Question 7

When a manufacturer buys a chain of retail stores that carry its products,it is an example of backward integration.

Accepted Answer

A) True 
 B)False

Question 8

Growth of the venture:

Accepted Answer

A) lessens pressures on existing financial resources. 
B) causes pressures on human resources. 
C) lessens legitimacy of the firm. 
D) lessens time spent on management decision making. 
A) lessens pressures on existing financial resources. 
B) causes pressures on human resources. 
C) lessens legitimacy of the firm. 
D) lessens time spent on management decision making.

Question 9

The entrepreneur is required to withhold federal and state taxes for employees and then deposit payments monthly or quarterly.

Accepted Answer

A) True 
 B)False

Question 10

What are the 4 main growth strategies discussed in the text? Briefly define each.

Accepted Answer

penetration strategy to grow by encourag

Question 11

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles?

Accepted Answer

A) Principle of desire 
B) Principle of reanalysis 
C) Principle of effectiveness 
D) Principle of prioritized planning 
A) Principle of desire 
B) Principle of reanalysis 
C) Principle of effectiveness 
D) Principle of prioritized planning

Question 12

Even if there is a belief that the pursuit of growth will improve firm performance and
enhance personal wealth,some entrepreneurs will still avoid growing their business.

Accepted Answer

A) True 
 B)False

Question 13

Most new ventures need a human resource department from the first day of operations.

Accepted Answer

A) True 
 B)False

Question 14

Transport mode selection can be important in inventory management.

Accepted Answer

A) True 
 B)False

Question 15

A cash sensitivity analysis is used to provide a pessimistic and an optimistic cash estimate.

Accepted Answer

A) True 
 B)False

Question 16

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

Accepted Answer

A) Constrained growth 
B) Unused potential for growth 
C) Actual growth 
D) Little potential 
A) Constrained growth 
B) Unused potential for growth 
C) Actual growth 
D) Little potential

Question 17

In a horizontal diversification strategy,growth:

Accepted Answer

A) involves taking a step back (up)the value-added chain. 
B) occurs at the same level of the value-added chain. 
C) involves taking a step forward (down)the value added chain. 
D) involves opportunities unrelated to the existing value-added chain. 
A) involves taking a step back (up)the value-added chain. 
B) occurs at the same level of the value-added chain. 
C) involves taking a step forward (down)the value added chain. 
D) involves opportunities unrelated to the existing value-added chain.

Question 18

If employees are spread too thin because of growth,the firm will face problems of employee morale and increased employee turn over.

Accepted Answer

A) True 
 B)False

Question 19

In managing fixed assets the entrepreneur should buy,instead of lease,whenever possible.

Accepted Answer

A) True 
 B)False

Question 20

The Maxwell's company,PowerBar,was purchased by what company?

Accepted Answer

A) Proctor and Gamble 
B) Nestle 
C) Heinz 
D) Pilsbury 
A) Proctor and Gamble 
B) Nestle 
C) Heinz 
D) Pilsbury

Effective time management can increase an entrepreneur's job satisfaction.

What benefits can an entrepreneur receive from better time management?

Developing standardized forms and procedures for recurring events would be an example of the principle of reanalysis.

In order to better serve customers,all customer information should be stored in the memory of individual salespeople.

The principle of reanalysis requires the entrepreneur to categorize his or her tasks by their degree of importance and then to allocate time to tasks based on this categorization.

The grocery and pharmaceutical industries have developed a computerized system to link chain members together and manage demand,distribution,and marketing.

When a manufacturer buys a chain of retail stores that carry its products,it is an example of backward integration.

Growth of the venture:

The entrepreneur is required to withhold federal and state taxes for employees and then deposit payments monthly or quarterly.

What are the 4 main growth strategies discussed in the text? Briefly define each.

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles?

Even if there is a belief that the pursuit of growth will improve firm performance and enhance personal wealth,some entrepreneurs will still avoid growing their business.

Most new ventures need a human resource department from the first day of operations.

Transport mode selection can be important in inventory management.

A cash sensitivity analysis is used to provide a pessimistic and an optimistic cash estimate.

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

In a horizontal diversification strategy,growth:

If employees are spread too thin because of growth,the firm will face problems of employee morale and increased employee turn over.

In managing fixed assets the entrepreneur should buy,instead of lease,whenever possible.

The Maxwell's company,PowerBar,was purchased by what company?

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 13: Strategies for Growth and Managing the Implication of Growth

Effective time management can increase an entrepreneur's job satisfaction.

What benefits can an entrepreneur receive from better time management?

Developing standardized forms and procedures for recurring events would be an example of the principle of reanalysis.

In order to better serve customers,all customer information should be stored in the memory of individual salespeople.

The principle of reanalysis requires the entrepreneur to categorize his or her tasks by their degree of importance and then to allocate time to tasks based on this categorization.

The grocery and pharmaceutical industries have developed a computerized system to link chain members together and manage demand,distribution,and marketing.

When a manufacturer buys a chain of retail stores that carry its products,it is an example of backward integration.

Growth of the venture:

The entrepreneur is required to withhold federal and state taxes for employees and then deposit payments monthly or quarterly.

What are the 4 main growth strategies discussed in the text? Briefly define each.

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles?

Even if there is a belief that the pursuit of growth will improve firm performance and enhance personal wealth,some entrepreneurs will still avoid growing their business.

Most new ventures need a human resource department from the first day of operations.

Transport mode selection can be important in inventory management.

A cash sensitivity analysis is used to provide a pessimistic and an optimistic cash estimate.

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

In a horizontal diversification strategy,growth:

If employees are spread too thin because of growth,the firm will face problems of employee morale and increased employee turn over.

In managing fixed assets the entrepreneur should buy,instead of lease,whenever possible.

The Maxwell's company,PowerBar,was purchased by what company?

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters