Question 1

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

Accepted Answer

A) True 
 B)False

Question 2

The biggest difference in moving from corporate life to entrepreneurship is that entrepreneurs do not have a buffer between a mistake and total failure.

Accepted Answer

A) True 
 B)False

Question 3

The traditional firm:

Accepted Answer

A)  develops strategies needed to expand abroad at the time of the firm's founding. 
B)  begins with a "borderless" view of the world. 
C)  operates in the home country for many years and gradually evolves into international trade. 
D)  focuses on achieving superior performance in international business from the inception of the firm. 
E)  is defined as a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries. 
A)  develops strategies needed to expand abroad at the time of the firm's founding. 
B)  begins with a "borderless" view of the world. 
C)  operates in the home country for many years and gradually evolves into international trade. 
D)  focuses on achieving superior performance in international business from the inception of the firm. 
E)  is defined as a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Question 4

Organizations allow intrapreneurial employees to participate in the rewards of what they create in order to promote intrapreneurship.

Accepted Answer

A) True 
 B)False

Question 5

In the coexistence approach:

Accepted Answer

A)  the firm sets up an internal new-venture division. 
B)  new venture activities are conducted within an existing business or business unit. 
C)  investment firms make venture investments and bring managerial and technical expertise as well as capital to the investments. 
D)  firms exploit a new business opportunity with limited funds. 
E)  firms create a new market that was previously ignored by the existing market's dominant players. 
A)  the firm sets up an internal new-venture division. 
B)  new venture activities are conducted within an existing business or business unit. 
C)  investment firms make venture investments and bring managerial and technical expertise as well as capital to the investments. 
D)  firms exploit a new business opportunity with limited funds. 
E)  firms create a new market that was previously ignored by the existing market's dominant players.

Question 6

Born-global firms follow the traditional pattern of businesses that operate in the home country for many years and gradually evolve into international trade.

Accepted Answer

A) True 
 B)False

Question 7

A local dry cleaner has been through four different owners and provides dry cleaning facilities to customers in a particular locality. The current owner would be considered an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 8

The pillars associated with _____ economies are institutions, infrastructure, macroeconomic stability, and health and primary education.

Accepted Answer

A)  productivity-driven 
B)  skill-driven 
C)  innovation-driven 
D)  efficiency-driven 
E)  factor-driven 
A)  productivity-driven 
B)  skill-driven 
C)  innovation-driven 
D)  efficiency-driven 
E)  factor-driven

Question 9

"_____" is also known as "wisdom of the crowds."

Accepted Answer

The answer of "_____" is also known as "wisdom of...

Question 10

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Accepted Answer

A)  born-global firm 
B)  spin-out firm 
C)  early internationalizing firm 
D)  young resource-poor firm 
E)  restructured existing firm 
A)  born-global firm 
B)  spin-out firm 
C)  early internationalizing firm 
D)  young resource-poor firm 
E)  restructured existing firm

Question 11

_____ typically enter established markets, providing a more traditional product or service to a local market.

Accepted Answer

Small-busi

Question 12

The probability of the success of a business venture depends:

Accepted Answer

A)  solely on strong execution of the strategies. 
B)  solely on the necessary resources and capabilities. 
C)  solely on the right entrepreneurial team. 
D)  solely on a good opportunity. 
E)  on a good opportunity, the right entrepreneurial team, and the necessary resources and capabilities. 
A)  solely on strong execution of the strategies. 
B)  solely on the necessary resources and capabilities. 
C)  solely on the right entrepreneurial team. 
D)  solely on a good opportunity. 
E)  on a good opportunity, the right entrepreneurial team, and the necessary resources and capabilities.

Question 13

The entrepreneur:

Accepted Answer

A)  is typically the intraorganizational revolutionary. 
B)  has the backing of an organization. 
C)  challenges the status quo and fights to change the system from within. 
D)  recognizes opportunities and uses resources to implement innovative ideas for new, thoughtfully planned ventures. 
E)  operates as the profit centre of an organization. 
A)  is typically the intraorganizational revolutionary. 
B)  has the backing of an organization. 
C)  challenges the status quo and fights to change the system from within. 
D)  recognizes opportunities and uses resources to implement innovative ideas for new, thoughtfully planned ventures. 
E)  operates as the profit centre of an organization.

Question 14

A common characteristic of born-global firms is that their offerings complement the products or capabilities of other global players.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is an example of a factor-driven economy?

Accepted Answer

A)  Turkey 
B)  Belgium 
C)  Denmark 
D)  Uruguay 
A)  Turkey 
B)  Belgium 
C)  Denmark 
D)  Uruguay

Question 16

How does a stint in corporate life help an entrepreneur?

Accepted Answer

As corporate life continues to offer les

Question 17

In their book "Re-Inventing the Corporation," John Naisbitt and Patricia Aburdene cited _____ as a way for established businesses to find new markets and new products.

Accepted Answer

A)  venture capitalism 
B)  angel investment 
C)  intrapreneurship 
D)  small-business ownership 
E)  bias for action 
A)  venture capitalism 
B)  angel investment 
C)  intrapreneurship 
D)  small-business ownership 
E)  bias for action

Question 18

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

Accepted Answer

A)  new-market disruption 
B)  bias for action 
C)  angel investment 
D)  venture capitalism 
E)  low-end disruption 
A)  new-market disruption 
B)  bias for action 
C)  angel investment 
D)  venture capitalism 
E)  low-end disruption

Question 19

Culture plays an insignificant role in deciding whether the condition in a particular country is conducive to entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 20

A(n) _____ is one that seeks to systematically promote the spirit of intrapreneurship in targeted parts of the organization.

Accepted Answer

A)  intrapreneurial organization 
B)  angel investor 
C)  venture capitalist 
D)  social entrepreneur 
E)  small-business owner 
A)  intrapreneurial organization 
B)  angel investor 
C)  venture capitalist 
D)  social entrepreneur 
E)  small-business owner

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

The biggest difference in moving from corporate life to entrepreneurship is that entrepreneurs do not have a buffer between a mistake and total failure.

The traditional firm:

Organizations allow intrapreneurial employees to participate in the rewards of what they create in order to promote intrapreneurship.

In the coexistence approach:

Born-global firms follow the traditional pattern of businesses that operate in the home country for many years and gradually evolve into international trade.

A local dry cleaner has been through four different owners and provides dry cleaning facilities to customers in a particular locality. The current owner would be considered an entrepreneur.

The pillars associated with _____ economies are institutions, infrastructure, macroeconomic stability, and health and primary education.

"_____" is also known as "wisdom of the crowds."

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

_____ typically enter established markets, providing a more traditional product or service to a local market.

The probability of the success of a business venture depends:

The entrepreneur:

A common characteristic of born-global firms is that their offerings complement the products or capabilities of other global players.

Which of the following is an example of a factor-driven economy?

How does a stint in corporate life help an entrepreneur?

In their book "Re-Inventing the Corporation," John Naisbitt and Patricia Aburdene cited _____ as a way for established businesses to find new markets and new products.

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

Culture plays an insignificant role in deciding whether the condition in a particular country is conducive to entrepreneurship.

A(n) _____ is one that seeks to systematically promote the spirit of intrapreneurship in targeted parts of the organization.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Exporting, Importing, and Global Sourcing

Strategy and International Business

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters

Exam 11: Global Entrepreneurship and Intrapreneurship

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

The biggest difference in moving from corporate life to entrepreneurship is that entrepreneurs do not have a buffer between a mistake and total failure.

The traditional firm:

Organizations allow intrapreneurial employees to participate in the rewards of what they create in order to promote intrapreneurship.

In the coexistence approach:

Born-global firms follow the traditional pattern of businesses that operate in the home country for many years and gradually evolve into international trade.

A local dry cleaner has been through four different owners and provides dry cleaning facilities to customers in a particular locality. The current owner would be considered an entrepreneur.

The pillars associated with _____ economies are institutions, infrastructure, macroeconomic stability, and health and primary education.

"_____" is also known as "wisdom of the crowds."

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

_____ typically enter established markets, providing a more traditional product or service to a local market.

The probability of the success of a business venture depends:

The entrepreneur:

A common characteristic of born-global firms is that their offerings complement the products or capabilities of other global players.

Which of the following is an example of a factor-driven economy?

How does a stint in corporate life help an entrepreneur?

In their book "Re-Inventing the Corporation," John Naisbitt and Patricia Aburdene cited _____ as a way for established businesses to find new markets and new products.

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

Culture plays an insignificant role in deciding whether the condition in a particular country is conducive to entrepreneurship.

A(n) _____ is one that seeks to systematically promote the spirit of intrapreneurship in targeted parts of the organization.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Exporting, Importing, and Global Sourcing

Strategy and International Business

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters