Question 1

How do large social networks affect entrepreneurs?

Accepted Answer

A) Social networks do not affect entrepreneurs. 
B) Social networks do not improve the performance of social entrepreneurs. 
C) Social networks can help identify potential employees and volunteers. 
D) Social networks provide no sources of capital. 
E) Social networks have access to commercial entrepreneurs. 
A) Social networks do not affect entrepreneurs. 
B) Social networks do not improve the performance of social entrepreneurs. 
C) Social networks can help identify potential employees and volunteers. 
D) Social networks provide no sources of capital. 
E) Social networks have access to commercial entrepreneurs.

Question 2

________ allow entrepreneurs to produce goods or services at lower costs,which allows the entrepreneurs to satisfy the needs of customers more effectively.

Accepted Answer

A) New markets 
B) New raw materials 
C) New methods of production 
D) New methods of organizing 
E) New products 
A) New markets 
B) New raw materials 
C) New methods of production 
D) New methods of organizing 
E) New products

Question 3

Organizational rejuvenation occurs when a firm attempts to alter its own competitive strategy.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following best describes an angel investor?

Accepted Answer

A) Families and friends of an entrepreneur are not angel investors. 
B) Angel investors raise money and then use this money to make investments in new firms. 
C) Angel investors make fewer investments than venture capitalists. 
D) Angel investors focus on a small number of industries. 
E) Angel investors provide the initial financing to start-up ventures. 
A) Families and friends of an entrepreneur are not angel investors. 
B) Angel investors raise money and then use this money to make investments in new firms. 
C) Angel investors make fewer investments than venture capitalists. 
D) Angel investors focus on a small number of industries. 
E) Angel investors provide the initial financing to start-up ventures.

Question 5

The pursuit of entrepreneurial opportunities for the purpose of generating sales and profits is called ________.

Accepted Answer

A) commercial entrepreneurship 
B) intrapreneurship 
C) intrepreneurship 
D) corporate entrepreneurship 
E) social entrepreneurship 
A) commercial entrepreneurship 
B) intrapreneurship 
C) intrepreneurship 
D) corporate entrepreneurship 
E) social entrepreneurship

Question 6

Opportunities may arise from the creation or discovery of ________.

Accepted Answer

A) new research 
B) new raw materials 
C) ethics 
D) more capital 
E) social networks 
A) new research 
B) new raw materials 
C) ethics 
D) more capital 
E) social networks

Question 7

What occurs when an entrepreneur decides whether he or she has just a good idea or a viable opportunity that will provide the desired outcomes?

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 8

________ occurs when firms develop new culture,processes,or structures to support new product innovations in current markets as well as with existing products in new markets.

Accepted Answer

A) Domain definition 
B) Organized rejuvenation 
C) Strategic renewal 
D) Sustained regeneration 
E) Project hosting 
A) Domain definition 
B) Organized rejuvenation 
C) Strategic renewal 
D) Sustained regeneration 
E) Project hosting

Question 9

________ refers to the identification,evaluation,and exploitation of opportunities.

Accepted Answer

A) Entrepreneur 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Entrepreneurship 
E) Entrepreneurial risk 
A) Entrepreneur 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Entrepreneurship 
E) Entrepreneurial risk

Question 10

________ occurs when a firm tries to offer a new strategy altogether,unlike introducing a new product or service.

Accepted Answer

A) Public hosting 
B) Sustained regeneration 
C) Organized rejuvenation 
D) Strategic renewal 
E) Domain definition 
A) Public hosting 
B) Sustained regeneration 
C) Organized rejuvenation 
D) Strategic renewal 
E) Domain definition

Question 11

________ is the first step of the entrepreneurial process.

Accepted Answer

A) Opportunity identification 
B) Opportunity evaluation 
C) Risk identification 
D) Opportunity feedback 
E) Risk evaluation 
A) Opportunity identification 
B) Opportunity evaluation 
C) Risk identification 
D) Opportunity feedback 
E) Risk evaluation

Question 12

Which of the following is an example of an opportunity that arose from the use of a new method of organizing?

Accepted Answer

A) using corn to produce ethanol 
B) using the Internet to sell a product 
C) raising chickens without antibiotics 
D) an American bank providing services in Australia 
E) the invention of the heart stent 
A) using corn to produce ethanol 
B) using the Internet to sell a product 
C) raising chickens without antibiotics 
D) an American bank providing services in Australia 
E) the invention of the heart stent

Question 13

Rick and Jose gain new market information regarding a potential entrepreneurial opportunity.Despite the fact that both of them have gained access to this new information,only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity.What is this an example of?

Accepted Answer

A) information asset 
B) information assurance 
C) social networking 
D) information asymmetry 
E) information reliability 
A) information asset 
B) information assurance 
C) social networking 
D) information asymmetry 
E) information reliability

Question 14

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

Accepted Answer

A) Commercial value 
B) Social value 
C) Economic value 
D) Psychological value 
E) International value 
A) Commercial value 
B) Social value 
C) Economic value 
D) Psychological value 
E) International value

Question 15

Which type of opportunity is Citibank pursuing if it provides services in China?

Accepted Answer

A) new products or services 
B) new geographical markets 
C) new raw materials 
D) new methods of production 
E) new methods of organizing 
A) new products or services 
B) new geographical markets 
C) new raw materials 
D) new methods of production 
E) new methods of organizing

Question 16

Why is an organization's capital base important for social entrepreneurs?

Accepted Answer

A) Capital helps entrepreneurs improve social networking. 
B) Capital helps management make better decisions. 
C) Capital creates opportunity for philanthropy. 
D) Social entrepreneurs do not have access to the venture capital and bank financing available to commercial entrepreneurs. 
E) Capital helps identify potential employees and volunteers. 
A) Capital helps entrepreneurs improve social networking. 
B) Capital helps management make better decisions. 
C) Capital creates opportunity for philanthropy. 
D) Social entrepreneurs do not have access to the venture capital and bank financing available to commercial entrepreneurs. 
E) Capital helps identify potential employees and volunteers.

Question 17

________ are firms that raise money from investors and then use this money to make investments in new firms.

Accepted Answer

A) Angel investors 
B) Venture capitalists 
C) Banking institutions 
D) Entrepreneurs 
E) Insurance companies 
A) Angel investors 
B) Venture capitalists 
C) Banking institutions 
D) Entrepreneurs 
E) Insurance companies

Question 18

All entrepreneurs completely fund operations with their own money or credit cards.

Accepted Answer

A) True 
 B)False

Question 19

One distinction between commercial and social entrepreneurship involves the availability of resources such as funding and employees.

Accepted Answer

A) True 
 B)False

Question 20

Venture capitalists generally make larger investments than angel investors.

Accepted Answer

A) True 
 B)False

How do large social networks affect entrepreneurs?

________ allow entrepreneurs to produce goods or services at lower costs,which allows the entrepreneurs to satisfy the needs of customers more effectively.

Organizational rejuvenation occurs when a firm attempts to alter its own competitive strategy.

Which of the following best describes an angel investor?

The pursuit of entrepreneurial opportunities for the purpose of generating sales and profits is called ________.

Opportunities may arise from the creation or discovery of ________.

What occurs when an entrepreneur decides whether he or she has just a good idea or a viable opportunity that will provide the desired outcomes?

________ occurs when firms develop new culture,processes,or structures to support new product innovations in current markets as well as with existing products in new markets.

________ refers to the identification,evaluation,and exploitation of opportunities.

________ occurs when a firm tries to offer a new strategy altogether,unlike introducing a new product or service.

________ is the first step of the entrepreneurial process.

Which of the following is an example of an opportunity that arose from the use of a new method of organizing?

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

Which type of opportunity is Citibank pursuing if it provides services in China?

Why is an organization's capital base important for social entrepreneurs?

________ are firms that raise money from investors and then use this money to make investments in new firms.

All entrepreneurs completely fund operations with their own money or credit cards.

One distinction between commercial and social entrepreneurship involves the availability of resources such as funding and employees.

Venture capitalists generally make larger investments than angel investors.

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

How do large social networks affect entrepreneurs?

________ allow entrepreneurs to produce goods or services at lower costs,which allows the entrepreneurs to satisfy the needs of customers more effectively.

Organizational rejuvenation occurs when a firm attempts to alter its own competitive strategy.

Which of the following best describes an angel investor?

The pursuit of entrepreneurial opportunities for the purpose of generating sales and profits is called ________.

Opportunities may arise from the creation or discovery of ________.

What occurs when an entrepreneur decides whether he or she has just a good idea or a viable opportunity that will provide the desired outcomes?

________ occurs when firms develop new culture,processes,or structures to support new product innovations in current markets as well as with existing products in new markets.

________ refers to the identification,evaluation,and exploitation of opportunities.

________ occurs when a firm tries to offer a new strategy altogether,unlike introducing a new product or service.

________ is the first step of the entrepreneurial process.

Which of the following is an example of an opportunity that arose from the use of a new method of organizing?

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

Which type of opportunity is Citibank pursuing if it provides services in China?

Why is an organization's capital base important for social entrepreneurs?

________ are firms that raise money from investors and then use this money to make investments in new firms.

All entrepreneurs completely fund operations with their own money or credit cards.

One distinction between commercial and social entrepreneurship involves the availability of resources such as funding and employees.

Venture capitalists generally make larger investments than angel investors.

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