Question 1

When Nintendo Crescendo,an electronics company,develops and markets the Wii gaming system,it is an opportunity that has arisen from a ________.

Accepted Answer

A) new product or service 
B) new geographical market 
C) new method of production 
D) new raw material 
E) new method of organizing 
A) new product or service 
B) new geographical market 
C) new method of production 
D) new raw material 
E) new method of organizing A

Question 2

Jose has successfully initiated a business of repairing cars.However,without immediate income to sustain the business,he may have to shut his shop.His friend,Adam,invests in the company and gives the company a much-required boost.In this situation,Adam is a(n)________.

Accepted Answer

A) bank financier 
B) venture capitalist 
C) angel investor 
D) crowd funder 
E) private equity investor 
A) bank financier 
B) venture capitalist 
C) angel investor 
D) crowd funder 
E) private equity investor C

Question 3

Social value refers to the basic longstanding needs of society and has little to do with profits.

Accepted Answer

A) True 
 B)False  True

Question 4

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

Accepted Answer

A) opportunity identification,opportunity evaluation,opportunity exploitation 
B) opportunity identification,opportunity exploitation,opportunity evaluation 
C) opportunity evaluation,opportunity identification,opportunity exploitation 
D) opportunity evaluation,opportunity exploitation,opportunity identification 
E) opportunity exploitation,opportunity evaluation,opportunity identification 
A) opportunity identification,opportunity evaluation,opportunity exploitation 
B) opportunity identification,opportunity exploitation,opportunity evaluation 
C) opportunity evaluation,opportunity identification,opportunity exploitation 
D) opportunity evaluation,opportunity exploitation,opportunity identification 
E) opportunity exploitation,opportunity evaluation,opportunity identification

Question 6

Martha has recently created a Facebook account.She also understands that she can utilize this to advertise her growing recycling business.This is an example of ________.

Accepted Answer

A) information symmetry 
B) market research 
C) information asset 
D) social networks 
E) entrepreneurial risk 
A) information symmetry 
B) market research 
C) information asset 
D) social networks 
E) entrepreneurial risk

Question 7

Exploitation exists when entrepreneurs overestimate the extent to which they can control the outcome of an opportunity.

Accepted Answer

A) True 
 B)False

Question 8

What is entrepreneurial risk? In this context,explain downside loss.

Accepted Answer

When evaluating opportunities,entreprene

Question 9

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road" and often presents a difficult challenge.

Accepted Answer

A) True 
 B)False

Question 10

________ is the second step of the entrepreneurial process.

Accepted Answer

A) Opportunity identification 
B) Opportunity selection 
C) Opportunity evaluation 
D) Opportunity feedback 
E) Opportunity success 
A) Opportunity identification 
B) Opportunity selection 
C) Opportunity evaluation 
D) Opportunity feedback 
E) Opportunity success

Question 11

Explain feasibility analysis.

Accepted Answer

When evaluating opportunities,entreprene

Question 12

Which of the following is true about social entrepreneurship?

Accepted Answer

A) Social entrepreneurs often do not have the capital necessary to pay attractive salaries; they must focus on hiring employees who share the organization's purpose. 
B) Social entrepreneurs are not required to consider issues surrounding sales and costs since they have enough funding from angel investors. 
C) Social entrepreneurs do not rely on donations as sources of funding. 
D) Social entrepreneurs focus on more quantitative performance measures that are related to money. 
E) Social entrepreneurs do not rely on volunteers to help their organizations. 
A) Social entrepreneurs often do not have the capital necessary to pay attractive salaries; they must focus on hiring employees who share the organization's purpose. 
B) Social entrepreneurs are not required to consider issues surrounding sales and costs since they have enough funding from angel investors. 
C) Social entrepreneurs do not rely on donations as sources of funding. 
D) Social entrepreneurs focus on more quantitative performance measures that are related to money. 
E) Social entrepreneurs do not rely on volunteers to help their organizations.

Question 13

When do entrepreneurs require external capital? Describe the three primary sources of external capital.

Accepted Answer

When entrepreneurs decide that an opport

Question 14

When pursuing domain definition,what should firms hope for?

Accepted Answer

A) to be moderately competitive in the market segment 
B) organized rejuvenation 
C) to become the first competitor in a market segment 
D) strategic renewal 
E) to be one of many competitors in the market segment 
A) to be moderately competitive in the market segment 
B) organized rejuvenation 
C) to become the first competitor in a market segment 
D) strategic renewal 
E) to be one of many competitors in the market segment

Question 15

Entrepreneurial alertness refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is true about the differences between angel investors and venture capitalists?

Accepted Answer

A) Venture capitalists are wealthy individuals who provide capital to new companies. 
B) Angel investors raise money and then use this money to make investments in new firms. 
C) Venture capitalists make more investments than angel investors. 
D) Angel investors tend not to focus on particular industries. 
E) Venture capitalists typically provide the initial financing to start-up ventures. 
A) Venture capitalists are wealthy individuals who provide capital to new companies. 
B) Angel investors raise money and then use this money to make investments in new firms. 
C) Venture capitalists make more investments than angel investors. 
D) Angel investors tend not to focus on particular industries. 
E) Venture capitalists typically provide the initial financing to start-up ventures.

Question 17

Downside loss refers to the resources that an entrepreneur could lose if an opportunity does not succeed.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an example of corporate entrepreneurship?

Accepted Answer

A) creating new products,services,or technologies 
B) editing papers and reports 
C) reinvesting funds in other companies 
D) contracting work to consultants 
E) reducing corporate organization 
A) creating new products,services,or technologies 
B) editing papers and reports 
C) reinvesting funds in other companies 
D) contracting work to consultants 
E) reducing corporate organization

Question 19

Betty and David decide to conduct a survey to observe people's reaction to their innovative idea for a new product.With the help of an organization that conducts primary research,the couple are able to get the responses of people from their town.The results are very encouraging and they decide to start their company.What error have they committed?

Accepted Answer

A) hypercorrection 
B) cognitive distortion 
C) law of small numbers 
D) defence mechanism 
E) overregularization 
A) hypercorrection 
B) cognitive distortion 
C) law of small numbers 
D) defence mechanism 
E) overregularization

Question 20

Which of the following is true about corporate entrepreneurship?

Accepted Answer

A) Corporate entrepreneurs focus on less quantitative performance measures that are not related to money. 
B) The purpose of corporate entrepreneurship is to create value for the public. 
C) Corporate entrepreneurs face more difficulties attracting capital from angel investors,venture capitalists,or banks. 
D) Corporate entrepreneurship results in new companies that often continue to work closely with the parent company. 
E) Corporate entrepreneurs often face difficulties in the form of hiring and compensating employees. 
A) Corporate entrepreneurs focus on less quantitative performance measures that are not related to money. 
B) The purpose of corporate entrepreneurship is to create value for the public. 
C) Corporate entrepreneurs face more difficulties attracting capital from angel investors,venture capitalists,or banks. 
D) Corporate entrepreneurship results in new companies that often continue to work closely with the parent company. 
E) Corporate entrepreneurs often face difficulties in the form of hiring and compensating employees.

When Nintendo Crescendo,an electronics company,develops and markets the Wii gaming system,it is an opportunity that has arisen from a ________.

Jose has successfully initiated a business of repairing cars.However,without immediate income to sustain the business,he may have to shut his shop.His friend,Adam,invests in the company and gives the company a much-required boost.In this situation,Adam is a(n)________.

Social value refers to the basic longstanding needs of society and has little to do with profits.

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

Martha has recently created a Facebook account.She also understands that she can utilize this to advertise her growing recycling business.This is an example of ________.

Exploitation exists when entrepreneurs overestimate the extent to which they can control the outcome of an opportunity.

What is entrepreneurial risk? In this context,explain downside loss.

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road" and often presents a difficult challenge.

________ is the second step of the entrepreneurial process.

Explain feasibility analysis.

Which of the following is true about social entrepreneurship?

When do entrepreneurs require external capital? Describe the three primary sources of external capital.

When pursuing domain definition,what should firms hope for?

Entrepreneurial alertness refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Which of the following is true about the differences between angel investors and venture capitalists?

Downside loss refers to the resources that an entrepreneur could lose if an opportunity does not succeed.

Which of the following is an example of corporate entrepreneurship?

Which of the following is true about corporate entrepreneurship?

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters

Exam 6: Management and Entrepreneurship

When Nintendo Crescendo,an electronics company,develops and markets the Wii gaming system,it is an opportunity that has arisen from a ________.

Jose has successfully initiated a business of repairing cars.However,without immediate income to sustain the business,he may have to shut his shop.His friend,Adam,invests in the company and gives the company a much-required boost.In this situation,Adam is a(n)________.

Social value refers to the basic longstanding needs of society and has little to do with profits.

Information asymmetry refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior.

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

Martha has recently created a Facebook account.She also understands that she can utilize this to advertise her growing recycling business.This is an example of ________.

Exploitation exists when entrepreneurs overestimate the extent to which they can control the outcome of an opportunity.

What is entrepreneurial risk? In this context,explain downside loss.

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road" and often presents a difficult challenge.

________ is the second step of the entrepreneurial process.

Explain feasibility analysis.

Which of the following is true about social entrepreneurship?

When do entrepreneurs require external capital? Describe the three primary sources of external capital.

When pursuing domain definition,what should firms hope for?

Entrepreneurial alertness refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Which of the following is true about the differences between angel investors and venture capitalists?

Downside loss refers to the resources that an entrepreneur could lose if an opportunity does not succeed.

Which of the following is an example of corporate entrepreneurship?

Which of the following is true about corporate entrepreneurship?

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters