Question 1

Innovative, proactive and risk-seeking behavior crosses national borders.

Accepted Answer

A) True 
 B)False  True

Question 2

In entrepreneurial firms, an innovation strategy is a specialized form of differentiation strategy.

Accepted Answer

A) True 
 B)False  True

Question 3

Personal traits of entrepreneurs are no different from those of non-entrepreneurs.

Accepted Answer

A) True 
 B)False  False

Question 4

Describe the strategies of internationalization based on the stage model and the born-global model.

Accepted Answer

​
A key issue is whether it is better fo

Question 5

An SME would be the least likely to enhance its credibility through:

Accepted Answer

A) Specializing in standardized commodities such as books and airline tickets. 
B) Using e-commerce sites. 
C)  Dealing in products in which quality is an issue with consumers. 
D)  Forming strategic alliances with larger firms. 
A) Specializing in standardized commodities such as books and airline tickets. 
B) Using e-commerce sites. 
C)  Dealing in products in which quality is an issue with consumers. 
D)  Forming strategic alliances with larger firms.

Question 6

Children from wealthy families are less likely to start new businesses.

Accepted Answer

A) True 
 B)False

Question 7

The personal traits of entrepreneurs have been the primary motivating force in China and Southeast Asia, not the environments that set formal and informal rules.

Accepted Answer

A) True 
 B)False

Question 8

Suppose you are an SME with limited financial resources. In view of that, your best choice for entering foreign markets would be:

Accepted Answer

A) Foreign direct investment. 
B) Licensing or franchising. 
C)  Direct exporting. 
D)  None of the above. 
A) Foreign direct investment. 
B) Licensing or franchising. 
C)  Direct exporting. 
D)  None of the above.

Question 9

In the process of internationalization, which model states that firms must enter culturally and institutionally close markets first, spend enough time there to accumulate overseas experience, and then gradually move from exports to more sophisticated strategies?

Accepted Answer

A) ​The stage model. 
B) ​The born-global model. 
C)  ​The experiential model. 
D)  ​The leveraged model. 
A) ​The stage model. 
B) ​The born-global model. 
C)  ​The experiential model. 
D)  ​The leveraged model.

Question 10

Selling out can be a viable exit strategy.

Accepted Answer

A) True 
 B)False

Question 11

The comprehensive model of entrepreneurship involves which of the following perspectives?

Accepted Answer

A) ​Transaction cost-based. 
B) ​MNE-based. 
C)  ​Institution-based. 
D)  ​Accounting-based. 
A) ​Transaction cost-based. 
B) ​MNE-based. 
C)  ​Institution-based. 
D)  ​Accounting-based.

Question 12

Around the world, there are striking differences in government regulations concerning start-ups.

Accepted Answer

A) True 
 B)False

Question 13

As government policies in China became more friendly toward entrepreneurship:

Accepted Answer

A) ​Social norms still restrict most entrepreneurial activity. 
B) ​Institutional transitions have encouraged more entrepreneurship. 
C)  ​The risk avoidance culture has completely altered. 
D)  ​None of the above. 
A) ​Social norms still restrict most entrepreneurial activity. 
B) ​Institutional transitions have encouraged more entrepreneurship. 
C)  ​The risk avoidance culture has completely altered. 
D)  ​None of the above.

Question 14

Among the resource-based considerations of entrepreneurship is:

Accepted Answer

A) ​The industry's entry and exit barriers. 
B) ​The bargaining power of suppliers and buyers. 
C)  ​The cultural values and norms of a society. 
D)  ​The aspects of value and rarity. 
A) ​The industry's entry and exit barriers. 
B) ​The bargaining power of suppliers and buyers. 
C)  ​The cultural values and norms of a society. 
D)  ​The aspects of value and rarity.

Question 15

Entrepreneurship is not the exclusive domain of small, young firms.

Accepted Answer

A) True 
 B)False

Question 16

Innovation is at the heart of an entrepreneurial mindset and important to success. However, what if a person does not tend to be creative? Should that person not consider forming an SME? What approaches can follow that will likely enable such a person to be more innovative than would otherwise have been the case?

Accepted Answer

An innovation strategy is a specialized

Question 17

An individual's characteristics and actions of entrepreneurship are based:

Accepted Answer

A) ​Almost entirely on personal traits. 
B) ​Almost entirely on situational factors. 
C)  ​On a relatively universal standard psychological and personality profile. 
D)  ​On both factors of nurture and nature. 
A) ​Almost entirely on personal traits. 
B) ​Almost entirely on situational factors. 
C)  ​On a relatively universal standard psychological and personality profile. 
D)  ​On both factors of nurture and nature.

Question 18

Franchising is seen more often in manufacturing industries than in servicing industries.

Accepted Answer

A) True 
 B)False

Question 19

In a manufacturing setting, the purchase of the right to use another firm's proprietary technology is referred to as:

Accepted Answer

A) Direct exporting. 
B) Licensing. 
C)  Franchising. 
D)  Importing 
A) Direct exporting. 
B) Licensing. 
C)  Franchising. 
D)  Importing

Question 20

The age and size of a firm are the defining characteristics of its level of entrepreneurship.

Accepted Answer

A) True 
 B)False

Innovative, proactive and risk-seeking behavior crosses national borders.

In entrepreneurial firms, an innovation strategy is a specialized form of differentiation strategy.

Personal traits of entrepreneurs are no different from those of non-entrepreneurs.

Describe the strategies of internationalization based on the stage model and the born-global model.

An SME would be the least likely to enhance its credibility through:

Children from wealthy families are less likely to start new businesses.

The personal traits of entrepreneurs have been the primary motivating force in China and Southeast Asia, not the environments that set formal and informal rules.

Suppose you are an SME with limited financial resources. In view of that, your best choice for entering foreign markets would be:

In the process of internationalization, which model states that firms must enter culturally and institutionally close markets first, spend enough time there to accumulate overseas experience, and then gradually move from exports to more sophisticated strategies?

Selling out can be a viable exit strategy.

The comprehensive model of entrepreneurship involves which of the following perspectives?

Around the world, there are striking differences in government regulations concerning start-ups.

As government policies in China became more friendly toward entrepreneurship:

Among the resource-based considerations of entrepreneurship is:

Entrepreneurship is not the exclusive domain of small, young firms.

An individual's characteristics and actions of entrepreneurship are based:

Franchising is seen more often in manufacturing industries than in servicing industries.

In a manufacturing setting, the purchase of the right to use another firm's proprietary technology is referred to as:

The age and size of a firm are the defining characteristics of its level of entrepreneurship.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, Cultures, and Ethics

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, Acquiring, and Restructuring

Strategizing, Structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

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Exam 5: Growing and Internationalizingthe Entrepreneurial Firm

Innovative, proactive and risk-seeking behavior crosses national borders.

In entrepreneurial firms, an innovation strategy is a specialized form of differentiation strategy.

Personal traits of entrepreneurs are no different from those of non-entrepreneurs.

Describe the strategies of internationalization based on the stage model and the born-global model.

An SME would be the least likely to enhance its credibility through:

Children from wealthy families are less likely to start new businesses.

The personal traits of entrepreneurs have been the primary motivating force in China and Southeast Asia, not the environments that set formal and informal rules.

Suppose you are an SME with limited financial resources. In view of that, your best choice for entering foreign markets would be:

In the process of internationalization, which model states that firms must enter culturally and institutionally close markets first, spend enough time there to accumulate overseas experience, and then gradually move from exports to more sophisticated strategies?

Selling out can be a viable exit strategy.

The comprehensive model of entrepreneurship involves which of the following perspectives?

Around the world, there are striking differences in government regulations concerning start-ups.

As government policies in China became more friendly toward entrepreneurship:

Among the resource-based considerations of entrepreneurship is:

Entrepreneurship is not the exclusive domain of small, young firms.

An individual's characteristics and actions of entrepreneurship are based:

Franchising is seen more often in manufacturing industries than in servicing industries.

In a manufacturing setting, the purchase of the right to use another firm's proprietary technology is referred to as:

The age and size of a firm are the defining characteristics of its level of entrepreneurship.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, Cultures, and Ethics

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, Acquiring, and Restructuring

Strategizing, Structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters