Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following traits would tend to prevent entrepreneurs from establishing new firms?

Accepted Answer

A)  Strong desire for achievement. 
B)  Strong locus of control. 
C)  Willingness to take risks and tolerate ambiguity. 
D)  None of the above. 
A)  Strong desire for achievement. 
B)  Strong locus of control. 
C)  Willingness to take risks and tolerate ambiguity. 
D)  None of the above. D

Question 3

One downside to licensing/franchising is that the licensor/franchisor may lose control over how their technology and brand are used.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following involves the most complexity?

Accepted Answer

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

Question 5

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 6

New entrepreneurial firms:

Accepted Answer

A)  Benefit from greater bargaining power of suppliers. 
B)  Are not noticeably affected by a society's informal institutions. 
C)  Tend to cluster around low-entry-barrier industries. 
D)  View interfirm rivalry in an industry as a motivating factor in entering an industry. 
A)  Benefit from greater bargaining power of suppliers. 
B)  Are not noticeably affected by a society's informal institutions. 
C)  Tend to cluster around low-entry-barrier industries. 
D)  View interfirm rivalry in an industry as a motivating factor in entering an industry.

Question 7

Which of the following is TRUE regarding internationalizing firms?

Accepted Answer

A)  Only large MNEs are able to internationalize successfully. 
B)  SMEs do not operate solely in domestic markets. 
C)  Opportunism is easy to detect and remedy in international markets. 
D)  Transaction costs do not prevent large firms from internationalizing. 
A)  Only large MNEs are able to internationalize successfully. 
B)  SMEs do not operate solely in domestic markets. 
C)  Opportunism is easy to detect and remedy in international markets. 
D)  Transaction costs do not prevent large firms from internationalizing.

Question 8

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 9

​According to the institution-based view

Accepted Answer

A)  ​It is relatively easy to establish a start-up in any country. 
B)  ​Both formal and informal institutional constraints affect entrepreneurship. 
C)  ​Governments in less developed countries tend to impose fewer procedures,resulting in lower total cost. 
D)  ​Flourishing entrepreneurship is unrelated to the level of development in a country. 
A)  ​It is relatively easy to establish a start-up in any country. 
B)  ​Both formal and informal institutional constraints affect entrepreneurship. 
C)  ​Governments in less developed countries tend to impose fewer procedures,resulting in lower total cost. 
D)  ​Flourishing entrepreneurship is unrelated to the level of development in a country.

Question 10

Which of the following is NOT an example of one of the five entrepreneurial strategies?

Accepted Answer

A)  Use speed and stealth to disrupt and pre-empt competitors. 
B)  Emphasize analysis over action. 
C)  Less novel,but substantially new ways of doing business can also be innovative. 
D)  Centrally located network positions are most helpful. 
A)  Use speed and stealth to disrupt and pre-empt competitors. 
B)  Emphasize analysis over action. 
C)  Less novel,but substantially new ways of doing business can also be innovative. 
D)  Centrally located network positions are most helpful.

Question 11

Which would tend to result in a greater level of entrepreneurship?

Accepted Answer

A)  Fewer numbers of incumbents. 
B)  Capital-intensive industries. 
C)  Weak bargaining power of suppliers. 
D)  Ability to reduce the bargaining power of buyers. 
A)  Fewer numbers of incumbents. 
B)  Capital-intensive industries. 
C)  Weak bargaining power of suppliers. 
D)  Ability to reduce the bargaining power of buyers.

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

​Provide two examples,one of a firm in a developed country and one of a firm in a poor country,of how institution-based considerations affect entrepreneurship.

Accepted Answer

​Specific examples will vary,but should

Question 14

​Describe how the industry-based,resource-based,and institutional-based views of strategy contribute to a comprehensive model of entrepreneurship.

Accepted Answer

​Student answers will include some expla

Question 15

Compared to underdeveloped countries,governments in developed economies impose more procedures and a higher total cost for new start-ups.

Accepted Answer

A) True 
 B)False

Question 16

​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 17

Which of the following is TRUE about the influence of micro institutions in entrepreneurial activity?

Accepted Answer

A)  Family background and educational attainment do not correlate with entrepreneurship. 
B)  Entrepreneurship is primarily the result of nurture rather than nature. 
C)  Children of wealthy parents are less likely to start their own firms. 
D)  The informal norms of an individual's socioeconomic group affect that person's entrepreneurial propensity. 
A)  Family background and educational attainment do not correlate with entrepreneurship. 
B)  Entrepreneurship is primarily the result of nurture rather than nature. 
C)  Children of wealthy parents are less likely to start their own firms. 
D)  The informal norms of an individual's socioeconomic group affect that person's entrepreneurial propensity.

Question 18

​A firm becomes a supplier to a foreign firm that enters the domestic market,which is an example of:

Accepted Answer

A)  ​Direct exports. 
B)  ​Internationalizing in the domestic market. 
C)  ​Franchising. 
D)  ​Harvesting. 
A)  ​Direct exports. 
B)  ​Internationalizing in the domestic market. 
C)  ​Franchising. 
D)  ​Harvesting.

Question 19

Harsh bankruptcy laws become exit barriers but not significant barriers to entry.

Accepted Answer

A) True 
 B)False

Question 20

​Without exception,it is better for entrepreneurs to start the internationalization process as soon after founding as possible to avoid the inertia of domestic orientation.

Accepted Answer

A) True 
 B)False

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

Which of the following traits would tend to prevent entrepreneurs from establishing new firms?

One downside to licensing/franchising is that the licensor/franchisor may lose control over how their technology and brand are used.

Which of the following involves the most complexity?

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

New entrepreneurial firms:

Which of the following is TRUE regarding internationalizing firms?

According to the institution-based view

Which of the following is NOT an example of one of the five entrepreneurial strategies?

Which would tend to result in a greater level of entrepreneurship?

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

Provide two examples,one of a firm in a developed country and one of a firm in a poor country,of how institution-based considerations affect entrepreneurship.

Describe how the industry-based,resource-based,and institutional-based views of strategy contribute to a comprehensive model of entrepreneurship.

Compared to underdeveloped countries,governments in developed economies impose more procedures and a higher total cost for new start-ups.

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

Which of the following is TRUE about the influence of micro institutions in entrepreneurial activity?

A firm becomes a supplier to a foreign firm that enters the domestic market,which is an example of:

Harsh bankruptcy laws become exit barriers but not significant barriers to entry.

Without exception,it is better for entrepreneurs to start the internationalization process as soon after founding as possible to avoid the inertia of domestic orientation.

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

Exam 5: Growing and Internationalizingthe Entrepreneurial Firm

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

Which of the following traits would tend to prevent entrepreneurs from establishing new firms?

One downside to licensing/franchising is that the licensor/franchisor may lose control over how their technology and brand are used.

Which of the following involves the most complexity?

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

New entrepreneurial firms:

Which of the following is TRUE regarding internationalizing firms?

​According to the institution-based view

Which of the following is NOT an example of one of the five entrepreneurial strategies?

Which would tend to result in a greater level of entrepreneurship?

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

​Provide two examples,one of a firm in a developed country and one of a firm in a poor country,of how institution-based considerations affect entrepreneurship.

​Describe how the industry-based,resource-based,and institutional-based views of strategy contribute to a comprehensive model of entrepreneurship.

Compared to underdeveloped countries,governments in developed economies impose more procedures and a higher total cost for new start-ups.

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

Which of the following is TRUE about the influence of micro institutions in entrepreneurial activity?

​A firm becomes a supplier to a foreign firm that enters the domestic market,which is an example of:

Harsh bankruptcy laws become exit barriers but not significant barriers to entry.

​Without exception,it is better for entrepreneurs to start the internationalization process as soon after founding as possible to avoid the inertia of domestic orientation.

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

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

According to the institution-based view

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

Provide two examples,one of a firm in a developed country and one of a firm in a poor country,of how institution-based considerations affect entrepreneurship.

Describe how the industry-based,resource-based,and institutional-based views of strategy contribute to a comprehensive model of entrepreneurship.

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

A firm becomes a supplier to a foreign firm that enters the domestic market,which is an example of:

Without exception,it is better for entrepreneurs to start the internationalization process as soon after founding as possible to avoid the inertia of domestic orientation.