Question 1

________ is the likelihood and magnitude of the opportunity's downside loss.

Accepted Answer

A) Illusion of control 
B) Entrepreneurial risk 
C) Entrepreneurial alertness 
D) Exploitation 
E) Entrepreneurial opportunity 
A) Illusion of control 
B) Entrepreneurial risk 
C) Entrepreneurial alertness 
D) Exploitation 
E) Entrepreneurial opportunity B

Question 2

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road."

Accepted Answer

A) True 
 B)False  False

Question 3

Entrepreneurs are most likely to exploit an opportunity when ________.

Accepted Answer

A) customers are likely to continue using the same product 
B) there is no market demand,but an opportunity to create market demand 
C) they perceive that they have the support of important stakeholders 
D) they want to enhance the prospects of the opportunity by training an incapable management team 
E) they feel they do not have access to the resources needed to ensure high levels of organizational performance 
A) customers are likely to continue using the same product 
B) there is no market demand,but an opportunity to create market demand 
C) they perceive that they have the support of important stakeholders 
D) they want to enhance the prospects of the opportunity by training an incapable management team 
E) they feel they do not have access to the resources needed to ensure high levels of organizational performance C

Question 4

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 5

________ 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 6

________ 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 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

When entrepreneurs identify how they will market,produce,and position their new products,they are involved in which of the following entrepreneurial processes?

Accepted Answer

A) opportunity placement 
B) opportunity planning 
C) opportunity management 
D) opportunity exploitation 
E) opportunity analysis 
A) opportunity placement 
B) opportunity planning 
C) opportunity management 
D) opportunity exploitation 
E) opportunity analysis

Question 9

Opportunities may arise from the discovery of new geographical markets in which new customers will value the new product or service.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is the most frequently used type of corporate entrepreneurship?

Accepted Answer

A) sustained regeneration 
B) organized rejuvenation 
C) domain definition 
D) strategic renewal 
E) project hosting 
A) sustained regeneration 
B) organized rejuvenation 
C) domain definition 
D) strategic renewal 
E) project hosting

Question 11

If a food manufacturer raises chickens for commercial use,without using antibiotics,which type of opportunity is this?

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 12

An entrepreneurial team advantage can be equated to ________ as those on the team share their experiences and knowledge.

Accepted Answer

A) entrepreneurial alertness 
B) information asymmetry 
C) social networks 
D) feasibility analysis 
E) illusion of control 
A) entrepreneurial alertness 
B) information asymmetry 
C) social networks 
D) feasibility analysis 
E) illusion of control

Question 13

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 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

Angel investors and venture capitalists provide ________ for entrepreneurial opportunities.

Accepted Answer

A) consulting 
B) management 
C) research analysis 
D) financing 
E) feasibility analysis 
A) consulting 
B) management 
C) research analysis 
D) financing 
E) feasibility analysis

Question 16

Who is an entrepreneur?

Accepted Answer

An entrepreneur is an individual who ide

Question 17

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 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 initial financing to start-up ventures.

Question 18

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 19

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 20

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

Accepted Answer

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

________ is the likelihood and magnitude of the opportunity's downside loss.

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road."

Entrepreneurs are most likely to exploit an opportunity when ________.

Which of the following is true about social entrepreneurship?

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

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

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

When entrepreneurs identify how they will market,produce,and position their new products,they are involved in which of the following entrepreneurial processes?

Opportunities may arise from the discovery of new geographical markets in which new customers will value the new product or service.

Which of the following is the most frequently used type of corporate entrepreneurship?

If a food manufacturer raises chickens for commercial use,without using antibiotics,which type of opportunity is this?

An entrepreneurial team advantage can be equated to ________ as those on the team share their experiences and knowledge.

Opportunities may arise from the creation or discovery of ________.

________ are wealthy individuals who provide capital to new companies.

Angel investors and venture capitalists provide ________ for entrepreneurial opportunities.

Who is an entrepreneur?

Which of the following best describes an angel investor?

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

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

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

Introducing Modern Management: Concepts and Skills

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

Exam 2: Management and Entrepreneurship: Handling Start-Ups and New Ventures

________ is the likelihood and magnitude of the opportunity's downside loss.

When analyzing entrepreneurial opportunities,the opportunity identification step is,"Where the rubber meets the road."

Entrepreneurs are most likely to exploit an opportunity when ________.

Which of the following is true about social entrepreneurship?

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

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

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

When entrepreneurs identify how they will market,produce,and position their new products,they are involved in which of the following entrepreneurial processes?

Opportunities may arise from the discovery of new geographical markets in which new customers will value the new product or service.

Which of the following is the most frequently used type of corporate entrepreneurship?

If a food manufacturer raises chickens for commercial use,without using antibiotics,which type of opportunity is this?

An entrepreneurial team advantage can be equated to ________ as those on the team share their experiences and knowledge.

Opportunities may arise from the creation or discovery of ________.

________ are wealthy individuals who provide capital to new companies.

Angel investors and venture capitalists provide ________ for entrepreneurial opportunities.

Who is an entrepreneur?

Which of the following best describes an angel investor?

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

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

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

Introducing Modern Management: Concepts and Skills

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters