Question 1

If a new product that is developed by a corporation does not fit with the company's established products, what is the recommended form of entrepreneurship?

Accepted Answer

A)  Intrapreneurship 
B)  Spin-offs 
C)  Franchises 
D)  Partnerships 
A)  Intrapreneurship 
B)  Spin-offs 
C)  Franchises 
D)  Partnerships

Question 2

Franchises are typical in technology companies where the new technology does not fit with the company's core competencies.

Accepted Answer

A) True 
 B)False

Question 3

An entrepreneur assumes fewer risks with franchising because the franchise can provide

Accepted Answer

A)  a product or service with an established market and favorable image. 
B)  management training and assistance in operating the business. 
C)  economies of scale for advertising and purchasing. 
D)  all of the above 
A)  a product or service with an established market and favorable image. 
B)  management training and assistance in operating the business. 
C)  economies of scale for advertising and purchasing. 
D)  all of the above

Question 4

Discuss the importance of entrepreneurship.

Accepted Answer

Entrepreneurship and the creation of sma

Question 5

Which of the following is not one of the most common reasons for business failure?

Accepted Answer

A)  Poor knowledge of the market 
B)  Lack of capital 
C)  Paralysis of analysis 
D)  Human resource problems 
A)  Poor knowledge of the market 
B)  Lack of capital 
C)  Paralysis of analysis 
D)  Human resource problems

Question 6

The economic paradigm shift today is from quality and price as key drives to creativity.

Accepted Answer

A) True 
 B)False

Question 7

After a public offering

Accepted Answer

A)  there is a higher tolerance for management mistakes. 
B)  management decisions are under a higher level of public scrutiny. 
C)  there is less shareholder pressure for dividends. 
D)  less information is made public for competitors. 
A)  there is a higher tolerance for management mistakes. 
B)  management decisions are under a higher level of public scrutiny. 
C)  there is less shareholder pressure for dividends. 
D)  less information is made public for competitors.

Question 8

Innovation is

Accepted Answer

A)  doing something different. 
B)  always about radical change. 
C)  always about incremental change. 
D)  always embraced by large organizations. 
A)  doing something different. 
B)  always about radical change. 
C)  always about incremental change. 
D)  always embraced by large organizations.

Question 9

What is entrepreneurship?

Accepted Answer

Entrepreneurship is the proces

Question 10

A corporation

Accepted Answer

A)  is a legal entity separate from the individuals who own it. 
B)  receives limited rights to operate from the government that provides its charter. 
C)  is more costly to form than a partnership. 
D)  all of the above 
A)  is a legal entity separate from the individuals who own it. 
B)  receives limited rights to operate from the government that provides its charter. 
C)  is more costly to form than a partnership. 
D)  all of the above

Question 11

Discuss the three different forms entrepreneurs can select from when launching a new venture.

Accepted Answer

Entrepreneurs can select from proprietor

Question 12

A common form of debt financing is

Accepted Answer

A)  venture capitalists. 
B)  commercial loans. 
C)  equity financing. 
D)  bankruptcy. 
A)  venture capitalists. 
B)  commercial loans. 
C)  equity financing. 
D)  bankruptcy.

Question 13

What are some of the key characteristics of entrepreneurs?

Accepted Answer

Some key characteristics of entrepreneur

Question 14

More than half of all entrepreneurships are started by

Accepted Answer

A)  a single individual. 
B)  an individual from a family of entrepreneurs. 
C)  individuals under 30 years old. 
D)  a team of founders. 
A)  a single individual. 
B)  an individual from a family of entrepreneurs. 
C)  individuals under 30 years old. 
D)  a team of founders.

Question 15

What types of problems may a business face if it grows too quickly?

Accepted Answer

A business that grows too quickly may ex

Question 16

An advantage of intrapreneurship is

Accepted Answer

A)  a successful intrapreneur within a corporation receives financial rewards equal to those generated by an independent entrepreneurship. 
B)  franchising fees are generated. 
C)  the company provides funding and corporate resources that an independent entrepreneur cannot gather. 
D)  rights may be sold overseas to grow geographically. 
A)  a successful intrapreneur within a corporation receives financial rewards equal to those generated by an independent entrepreneurship. 
B)  franchising fees are generated. 
C)  the company provides funding and corporate resources that an independent entrepreneur cannot gather. 
D)  rights may be sold overseas to grow geographically.

Question 17

Equity financing requires collateral.

Accepted Answer

A) True 
 B)False

Question 18

A small business is defined by the U.S. Small Business Administration as employing fewer than

Accepted Answer

A)  25 employees. 
B)  100 employees. 
C)  250 employees. 
D)  500 employees. 
A)  25 employees. 
B)  100 employees. 
C)  250 employees. 
D)  500 employees.

Question 19

When Xerox created Semaphore Communications to manufacture and market a security product that encrypts messages for cellular phones, which form of entrepreneurship were they using?

Accepted Answer

A)  Intrapreneurship 
B)  Spin-off 
C)  Franchise 
D)  Partnership 
A)  Intrapreneurship 
B)  Spin-off 
C)  Franchise 
D)  Partnership

Question 20

An advantage of a proprietorship is

Accepted Answer

A)  it requires a minimum of paperwork. 
B)  it can provide complementary skills that can create more opportunities for the enterprise. 
C)  it has limited liability. 
D)  the personal assets of the owner are separate from the business. 
A)  it requires a minimum of paperwork. 
B)  it can provide complementary skills that can create more opportunities for the enterprise. 
C)  it has limited liability. 
D)  the personal assets of the owner are separate from the business.

If a new product that is developed by a corporation does not fit with the company's established products, what is the recommended form of entrepreneurship?

Franchises are typical in technology companies where the new technology does not fit with the company's core competencies.

An entrepreneur assumes fewer risks with franchising because the franchise can provide

Discuss the importance of entrepreneurship.

Which of the following is not one of the most common reasons for business failure?

The economic paradigm shift today is from quality and price as key drives to creativity.

After a public offering

Innovation is

What is entrepreneurship?

A corporation

Discuss the three different forms entrepreneurs can select from when launching a new venture.

A common form of debt financing is

What are some of the key characteristics of entrepreneurs?

More than half of all entrepreneurships are started by

What types of problems may a business face if it grows too quickly?

An advantage of intrapreneurship is

Equity financing requires collateral.

A small business is defined by the U.S. Small Business Administration as employing fewer than

When Xerox created Semaphore Communications to manufacture and market a security product that encrypts messages for cellular phones, which form of entrepreneurship were they using?

An advantage of a proprietorship is

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

If a new product that is developed by a corporation does not fit with the company's established products, what is the recommended form of entrepreneurship?

Franchises are typical in technology companies where the new technology does not fit with the company's core competencies.

An entrepreneur assumes fewer risks with franchising because the franchise can provide

Discuss the importance of entrepreneurship.

Which of the following is not one of the most common reasons for business failure?

The economic paradigm shift today is from quality and price as key drives to creativity.

After a public offering

Innovation is

What is entrepreneurship?

A corporation

Discuss the three different forms entrepreneurs can select from when launching a new venture.

A common form of debt financing is

What are some of the key characteristics of entrepreneurs?

More than half of all entrepreneurships are started by

What types of problems may a business face if it grows too quickly?

An advantage of intrapreneurship is

Equity financing requires collateral.

A small business is defined by the U.S. Small Business Administration as employing fewer than

When Xerox created Semaphore Communications to manufacture and market a security product that encrypts messages for cellular phones, which form of entrepreneurship were they using?

An advantage of a proprietorship is

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