Question 1

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

Accepted Answer

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

Question 2

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

Accepted Answer

A) True 
 B)False

Question 3

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Accepted Answer

A) information symmetry 
B) market research 
C) means-end relationships 
D) social networks 
E) entrepreneurial risk 
A) information symmetry 
B) market research 
C) means-end relationships 
D) social networks 
E) entrepreneurial risk

Question 4

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Accepted Answer

A) Illusion of control 
B) Entrepreneurial risk management 
C) Strategic planning 
D) Feasibility analysis 
E) Entrepreneurial alertness 
A) Illusion of control 
B) Entrepreneurial risk management 
C) Strategic planning 
D) Feasibility analysis 
E) Entrepreneurial alertness

Question 5

Describe the four factors that influence the ability of individuals to identify opportunities.

Accepted Answer

The four factors that influence the abil

Question 6

What is corporate entrepreneurship?

Accepted Answer

Corporate entrepreneurship is the proces

Question 7

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Accepted Answer

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

Question 8

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

Accepted Answer

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

Question 9

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Accepted Answer

A) Exploitation 
B) Information asymmetry 
C) Entrepreneurial risk 
D) Illusion of control 
E) Social value 
A) Exploitation 
B) Information asymmetry 
C) Entrepreneurial risk 
D) Illusion of control 
E) Social value

Question 10

Which of the following is true about bank financing?

Accepted Answer

A) Like angel investors and venture capitalists,banks invest in a business. 
B) Banks are more interested in ensuring that the entrepreneur's opportunity will survive long enough to ensure repayment. 
C) Banks typically focus on investing in a small number of industries. 
D) Banks are concerned with the long-term potential for returns. 
E) Banks typically provide more capital as the new venture becomes more established. 
A) Like angel investors and venture capitalists,banks invest in a business. 
B) Banks are more interested in ensuring that the entrepreneur's opportunity will survive long enough to ensure repayment. 
C) Banks typically focus on investing in a small number of industries. 
D) Banks are concerned with the long-term potential for returns. 
E) Banks typically provide more capital as the new venture becomes more established.

Question 11

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

Accepted Answer

A) angel investing 
B) capital investments 
C) bank financing 
D) loan sharking 
E) corporate funding 
A) angel investing 
B) capital investments 
C) bank financing 
D) loan sharking 
E) corporate funding

Question 12

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

Accepted Answer

A) organization's culture,practices,tolerance level for uncertainty 
B) stakeholders and investors 
C) Dow and NASDAQ 
D) individual profits 
E) competition 
A) organization's culture,practices,tolerance level for uncertainty 
B) stakeholders and investors 
C) Dow and NASDAQ 
D) individual profits 
E) competition

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

________ are wealthy individuals who provide capital to new companies.

Accepted Answer

A) Angel investors 
B) Venture capitalists 
C) Bank financiers 
D) Crowd funders 
E) Private equity investors 
A) Angel investors 
B) Venture capitalists 
C) Bank financiers 
D) Crowd funders 
E) Private equity investors

Question 15

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

Accepted Answer

A) True 
 B)False

Question 16

Jerry starts his own business even when he is advised by family and friends that it is not a suitable opportunity.His friends feel that the market is uncertain and a new entry at this juncture is inadvisable.Jerry soon realizes that his friends were right and he should have taken their advise.In spite of himself,he is forced to admit that the market situation is such that it would take more than being a good entrepreneur to survive.Which of the following is Jerry experiencing?

Accepted Answer

A) exploitation 
B) anchoring 
C) information bias 
D) illusion of control 
E) reactance 
A) exploitation 
B) anchoring 
C) information bias 
D) illusion of control 
E) reactance

Question 17

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Accepted Answer

A) Corporate social entrepreneurship 
B) Intrapreneurship 
C) Intrepreneurship 
D) Corporate entrepreneurship 
E) Social entrepreneurship 
A) Corporate social entrepreneurship 
B) Intrapreneurship 
C) Intrepreneurship 
D) Corporate entrepreneurship 
E) Social entrepreneurship

Question 18

Entrepreneurial opportunity is ________.

Accepted Answer

A) the activities and investments committed to gain returns from the new product or service arising from the opportunity 
B) resources (i.e.,money,relationships,etc.)the entrepreneur could lose if the opportunity does not succeed 
C) an occasion to bring into existence new products and services that allow outputs to be sold at a price greater than their cost of production 
D) an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment 
E) the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation 
A) the activities and investments committed to gain returns from the new product or service arising from the opportunity 
B) resources (i.e.,money,relationships,etc.)the entrepreneur could lose if the opportunity does not succeed 
C) an occasion to bring into existence new products and services that allow outputs to be sold at a price greater than their cost of production 
D) an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment 
E) the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation

Question 19

Define social entrepreneurship.

Accepted Answer

Social entrepreneurship involves the rec

Question 20

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

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

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Describe the four factors that influence the ability of individuals to identify opportunities.

What is corporate entrepreneurship?

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Which of the following is true about bank financing?

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

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

________ are wealthy individuals who provide capital to new companies.

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Entrepreneurial opportunity is ________.

Define social entrepreneurship.

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

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

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

An example of organizational rejuvenation is when Meryl Computers Inc.,a computer hardware company,changes policies and procedures within the company to support innovation.

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

________ is a type of evaluation that helps entrepreneurs understand whether an idea is practical.

Describe the four factors that influence the ability of individuals to identify opportunities.

What is corporate entrepreneurship?

________ occurs when a firm proactively seeks to create a new product market position that competitors have not recognized.

Which of the following is an example of an opportunity that has arisen from new uses for raw materials?

________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.

Which of the following is true about bank financing?

When an entrepreneur obtains financing from a financial institution in the form of a loan,it is termed as ________.

The success of corporate entrepreneurship efforts will depend on many factors.Which of the following are examples of dependent factors?

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

________ are wealthy individuals who provide capital to new companies.

Bank financing occurs when an entrepreneur obtains financing from a financial institution in the form of a loan.

________ involves the recognition,evaluation,and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Entrepreneurial opportunity is ________.

Define social entrepreneurship.

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

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