Question 1

Which of the following statements is true about Michael Dell?

Accepted Answer

A)  Dell realized he could build a company on the same business model of other computer firms. 
B)  Michael Dell became one of the youngest CEOs of a major U.S. corporation. 
C)  Dell avoided the use of the Internet as a distribution channel. 
D)  all of the above 
A)  Dell realized he could build a company on the same business model of other computer firms. 
B)  Michael Dell became one of the youngest CEOs of a major U.S. corporation. 
C)  Dell avoided the use of the Internet as a distribution channel. 
D)  all of the above

Question 2

A blueprint that maps out the business strategy for entering markets and explains the business to potential investors is the

Accepted Answer

A)  personal network. 
B)  business plan. 
C)  business network. 
D)  the marketing plan. 
A)  personal network. 
B)  business plan. 
C)  business network. 
D)  the marketing plan.

Question 3

Raising capital by selling securities on the New York Stock Exchange or NASDAQ is a

Accepted Answer

A)  public offering. 
B)  debt financing offer. 
C)  commercial loan. 
D)  venture capitalist. 
A)  public offering. 
B)  debt financing offer. 
C)  commercial loan. 
D)  venture capitalist.

Question 4

Today's business success has seen a shift from ________ to ________.

Accepted Answer

A)  quality and price; creativity 
B)  quality; price 
C)  price; size 
D)  creativity; innovation 
A)  quality and price; creativity 
B)  quality; price 
C)  price; size 
D)  creativity; innovation

Question 5

Intrapreneurship is also referred to as

Accepted Answer

A)  franchising. 
B)  spin-offs. 
C)  corporate entrepreneurship. 
D)  all of the above 
A)  franchising. 
B)  spin-offs. 
C)  corporate entrepreneurship. 
D)  all of the above

Question 6

What is the process of creating a business enterprise capable of entering new or established markets by deploying resources and people in a unique way to develop a new organization?

Accepted Answer

A)  Strategic management 
B)  Entrepreneurship 
C)  Partnership 
D)  Innovation 
A)  Strategic management 
B)  Entrepreneurship 
C)  Partnership 
D)  Innovation

Question 7

Which of the following is not one of the steps in Gary Hamel's wheel of innovation?

Accepted Answer

A)  Imagining 
B)  Scaling 
C)  Inventing 
D)  Experimenting 
A)  Imagining 
B)  Scaling 
C)  Inventing 
D)  Experimenting

Question 8

Which of the following is not an alternative to entrepreneurship?

Accepted Answer

A)  Intrapreneurship 
B)  Partnership 
C)  Spin-offs 
D)  Franchising 
A)  Intrapreneurship 
B)  Partnership 
C)  Spin-offs 
D)  Franchising

Question 9

What is the difference between a small business and an entrepreneurial venture?

Accepted Answer

A small business is any business that is

Question 10

The launch of CNBC by the National Broadcasting Company (NBC)is an example of

Accepted Answer

A)  franchising. 
B)  spin-offs. 
C)  corporate entrepreneurship. 
D)  all of the above 
A)  franchising. 
B)  spin-offs. 
C)  corporate entrepreneurship. 
D)  all of the above

Question 11

Jack believes that what happens to him is due to luck and factors beyond his control. Jack has a(n)

Accepted Answer

A)  high need for achievement. 
B)  internal locus of control. 
C)  external locus of control. 
D)  high level of self-confidence. 
A)  high need for achievement. 
B)  internal locus of control. 
C)  external locus of control. 
D)  high level of self-confidence.

Question 12

Entrepreneurship has provided an alternative career path for many minorities in the United States.

Accepted Answer

A) True 
 B)False

Question 13

What are the most common reasons for entrepreneurial business failure?

Accepted Answer

The most common reasons for entrepreneur

Question 14

A firm's alliances formed with other businesses to achieve mutually beneficial goals is a(n)

Accepted Answer

A)  personal network. 
B)  advisory board. 
C)  board of directors. 
D)  business network. 
A)  personal network. 
B)  advisory board. 
C)  board of directors. 
D)  business network.

Question 15

Pat and Jim are founding an entrepreneurial venture. They want to leverage their complementary skills and raise as much capital as possible. Which business form would you recommend for their venture?

Accepted Answer

A)  Proprietorship 
B)  Corporation 
C)  Partnership 
D)  Advisory board 
A)  Proprietorship 
B)  Corporation 
C)  Partnership 
D)  Advisory board

Question 16

What percent of all U.S. businesses are proprietorships?

Accepted Answer

A)  24 
B)  44 
C)  74 
D)  94 
A)  24 
B)  44 
C)  74 
D)  94

Question 17

An association of two or more persons acting as co-owners of a business creates a proprietorship.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is a reality of entrepreneurship?

Accepted Answer

A)  Entrepreneurs are born, not made. 
B)  It is necessary to have access to money to become an entrepreneur. 
C)  Most entrepreneurs are not young people under 30 years of age. 
D)  Entrepreneurs become successful on their first venture. 
A)  Entrepreneurs are born, not made. 
B)  It is necessary to have access to money to become an entrepreneur. 
C)  Most entrepreneurs are not young people under 30 years of age. 
D)  Entrepreneurs become successful on their first venture.

Question 19

The benefit of forming a corporation is

Accepted Answer

A)  lower taxes. 
B)  ease of formation. 
C)  limited liability. 
D)  less governmental regulation. 
A)  lower taxes. 
B)  ease of formation. 
C)  limited liability. 
D)  less governmental regulation.

Question 20

According to Michael Tushman, innovation can involve

Accepted Answer

A)  radical change, but not incremental change. 
B)  incremental change, but not radical change. 
C)  neither radical change nor incremental change. 
D)  radical change or incremental change. 
A)  radical change, but not incremental change. 
B)  incremental change, but not radical change. 
C)  neither radical change nor incremental change. 
D)  radical change or incremental change.

Which of the following statements is true about Michael Dell?

A blueprint that maps out the business strategy for entering markets and explains the business to potential investors is the

Raising capital by selling securities on the New York Stock Exchange or NASDAQ is a

Today's business success has seen a shift from to .

Intrapreneurship is also referred to as

What is the process of creating a business enterprise capable of entering new or established markets by deploying resources and people in a unique way to develop a new organization?

Which of the following is not one of the steps in Gary Hamel's wheel of innovation?

Which of the following is not an alternative to entrepreneurship?

What is the difference between a small business and an entrepreneurial venture?

The launch of CNBC by the National Broadcasting Company (NBC)is an example of

Jack believes that what happens to him is due to luck and factors beyond his control. Jack has a(n)

Entrepreneurship has provided an alternative career path for many minorities in the United States.

What are the most common reasons for entrepreneurial business failure?

A firm's alliances formed with other businesses to achieve mutually beneficial goals is a(n)

Pat and Jim are founding an entrepreneurial venture. They want to leverage their complementary skills and raise as much capital as possible. Which business form would you recommend for their venture?

What percent of all U.S. businesses are proprietorships?

An association of two or more persons acting as co-owners of a business creates a proprietorship.

Which of the following is a reality of entrepreneurship?

The benefit of forming a corporation is

According to Michael Tushman, innovation can involve

Management and Its Evolution

The Culture of Management

Managing Social Responsibility and Ethics

Managing Organizational Culture and Change

Managing the Planning Process

Decision Making

Strategic Management

Managing the Structure and Design of Organizations

Human Resource Management

Managing Employee Diversity

Leadership in Management

Managing Teams

Managing Communication

Operation and Information System Management

Filters

Exam 8: Entrepreneurship and Innovation

Which of the following statements is true about Michael Dell?

A blueprint that maps out the business strategy for entering markets and explains the business to potential investors is the

Raising capital by selling securities on the New York Stock Exchange or NASDAQ is a

Today's business success has seen a shift from ________ to ________.

Intrapreneurship is also referred to as

What is the process of creating a business enterprise capable of entering new or established markets by deploying resources and people in a unique way to develop a new organization?

Which of the following is not one of the steps in Gary Hamel's wheel of innovation?

Which of the following is not an alternative to entrepreneurship?

What is the difference between a small business and an entrepreneurial venture?

The launch of CNBC by the National Broadcasting Company (NBC)is an example of

Jack believes that what happens to him is due to luck and factors beyond his control. Jack has a(n)

Entrepreneurship has provided an alternative career path for many minorities in the United States.

What are the most common reasons for entrepreneurial business failure?

A firm's alliances formed with other businesses to achieve mutually beneficial goals is a(n)

Pat and Jim are founding an entrepreneurial venture. They want to leverage their complementary skills and raise as much capital as possible. Which business form would you recommend for their venture?

What percent of all U.S. businesses are proprietorships?

An association of two or more persons acting as co-owners of a business creates a proprietorship.

Which of the following is a reality of entrepreneurship?

The benefit of forming a corporation is

According to Michael Tushman, innovation can involve

Management and Its Evolution

The Culture of Management

Managing Social Responsibility and Ethics

Managing Organizational Culture and Change

Managing the Planning Process

Decision Making

Strategic Management

Managing the Structure and Design of Organizations

Human Resource Management

Managing Employee Diversity

Leadership in Management

Managing Teams

Managing Communication

Operation and Information System Management

Filters

Today's business success has seen a shift from to .