Question 1

Licensing is mostly used in the service industries.

Accepted Answer

A) True 
 B)False  False

Question 2

____ is the method of sending out exports based on unsolicited inquiries.

Accepted Answer

A)  Direct exporting 
B)  A letter of credit 
C)  SME exporting 
D)  Sporadic exporting 
A)  Direct exporting 
B)  A letter of credit 
C)  SME exporting 
D)  Sporadic exporting D

Question 3

Entrepreneurship flourishes more in environments with more formal institutional procedures.

Accepted Answer

A) True 
 B)False  False

Question 4

The level of complexity and required resources increases from direct export, to licensing/ franchising, and finally to foreign direct investment.

Accepted Answer

A) True 
 B)False

Question 5

Discuss direct exporting, licensing, and franchising as strategies for entering a foreign market. Explain each, and detail strengths and weaknesses.

Accepted Answer

Direct exports are the first strategy fo

Question 6

Small- and medium-sized enterprises (SMEs) are defined as:

Accepted Answer

A)  Firms with fewer than 50 departments in the European Union and fewer than 25 departments in the United States 
B)  Firms with fewer than 50 departments in the United States and fewer than 25 departments in the European Union 
C)  Firms with fewer than 500 employees in the European Union and fewer than 250 employees in the United States 
D)  Firms with fewer than 500 employees in the United States and fewer than 250 employees in the European Union 
A)  Firms with fewer than 50 departments in the European Union and fewer than 25 departments in the United States 
B)  Firms with fewer than 50 departments in the United States and fewer than 25 departments in the European Union 
C)  Firms with fewer than 500 employees in the European Union and fewer than 250 employees in the United States 
D)  Firms with fewer than 500 employees in the United States and fewer than 250 employees in the European Union

Question 7

Which of the following would most likely foster more entrepreneurship?

Accepted Answer

A)  Individualistic and high uncertainty-avoidance 
B)  Collectivistic and high uncertainty-avoidance 
C)  Collectivistic and low uncertainty-avoidance 
D)  Individualistic and low uncertainty-avoidance 
A)  Individualistic and high uncertainty-avoidance 
B)  Collectivistic and high uncertainty-avoidance 
C)  Collectivistic and low uncertainty-avoidance 
D)  Individualistic and low uncertainty-avoidance

Question 8

Small- and medium-sized enterprises (SMEs) account for ____ percent of the number of firms worldwide.

Accepted Answer

A)  50 
B)  95 
C)  12 
D)  80 
A)  50 
B)  95 
C)  12 
D)  80

Question 9

Which of the following is a popular way to enter into international service markets?

Accepted Answer

A)  Direct exports 
B)  Foreign direct investments 
C)  Franchising 
D)  Indirect exports 
A)  Direct exports 
B)  Foreign direct investments 
C)  Franchising 
D)  Indirect exports

Question 10

Born global is a term referring to:

Accepted Answer

A)  Establishing large firms with major international networks 
B)  Entrepreneurial firms that attempt to internationalize from inception 
C)  The newest generation of entrepreneurs 
D)  Firms that focus on domestic issues first, then cautiously approach international opportunities. 
A)  Establishing large firms with major international networks 
B)  Entrepreneurial firms that attempt to internationalize from inception 
C)  The newest generation of entrepreneurs 
D)  Firms that focus on domestic issues first, then cautiously approach international opportunities.

Question 11

Identify the three characteristics of a growing entrepreneurial firm. Explain how each is encouraged more in an environment friendly to entrepreneurs than in an environment opposing entrepreneurship.

Accepted Answer

The three characteristics of a growing e

Question 12

Most SMEs are still slow at internationalizing.

Accepted Answer

A) True 
 B)False

Question 13

Which is NOT one of the three broad modes for entering foreign markets?

Accepted Answer

A)  Licensing/franchising 
B)  Direct exports 
C)  Microfinancing 
D)  Foreign direct investment 
A)  Licensing/franchising 
B)  Direct exports 
C)  Microfinancing 
D)  Foreign direct investment

Question 14

Governments in developed countries impose fewer procedures and offer lower total costs for start-up firms.

Accepted Answer

A) True 
 B)False

Question 15

____ perform an important middleman function by linking sellers and buyers overseas.

Accepted Answer

A)  Export intermediaries 
B)  Indirect exporters 
C)  Sporadic exporters 
D)  Alliance partners 
A)  Export intermediaries 
B)  Indirect exporters 
C)  Sporadic exporters 
D)  Alliance partners

Question 16

Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.

Accepted Answer

The costs of doing business internationa

Question 17

The term for a global movement to help eradicate poverty by providing financing is:

Accepted Answer

A)  Foreign direct investments 
B)  Microfinancing 
C)  Venture capital investment 
D)  Entrepreneurship 
A)  Foreign direct investments 
B)  Microfinancing 
C)  Venture capital investment 
D)  Entrepreneurship

Question 18

Which of the following is NOT one of the 5 strategies for entrepreneurial SMEs to internationalize without leaving their home country?

Accepted Answer

A)  Become suppliers for foreign firms 
B)  Export indirectly 
C)  Outsource administrative work 
D)  Harvest and exit through sell-offs 
A)  Become suppliers for foreign firms 
B)  Export indirectly 
C)  Outsource administrative work 
D)  Harvest and exit through sell-offs

Question 19

Which of the following is NOT a part of VRIO?

Accepted Answer

A)  Value 
B)  Resources 
C)  Limitability 
D)  Organization 
A)  Value 
B)  Resources 
C)  Limitability 
D)  Organization

Question 20

A potential start-up primarily has entrepreneurial vision, drive, and leadership, which compensate for its shortage of tangible resources.

Accepted Answer

A) True 
 B)False

Licensing is mostly used in the service industries.

____ is the method of sending out exports based on unsolicited inquiries.

Entrepreneurship flourishes more in environments with more formal institutional procedures.

The level of complexity and required resources increases from direct export, to licensing/ franchising, and finally to foreign direct investment.

Discuss direct exporting, licensing, and franchising as strategies for entering a foreign market. Explain each, and detail strengths and weaknesses.

Small- and medium-sized enterprises (SMEs) are defined as:

Which of the following would most likely foster more entrepreneurship?

Small- and medium-sized enterprises (SMEs) account for ____ percent of the number of firms worldwide.

Which of the following is a popular way to enter into international service markets?

Born global is a term referring to:

Identify the three characteristics of a growing entrepreneurial firm. Explain how each is encouraged more in an environment friendly to entrepreneurs than in an environment opposing entrepreneurship.

Most SMEs are still slow at internationalizing.

Which is NOT one of the three broad modes for entering foreign markets?

Governments in developed countries impose fewer procedures and offer lower total costs for start-up firms.

____ perform an important middleman function by linking sellers and buyers overseas.

Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.

The term for a global movement to help eradicate poverty by providing financing is:

Which of the following is NOT one of the 5 strategies for entrepreneurial SMEs to internationalize without leaving their home country?

Which of the following is NOT a part of VRIO?

A potential start-up primarily has entrepreneurial vision, drive, and leadership, which compensate for its shortage of tangible resources.

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing, Structuring, and Learning Around the World

Competing on Marketing and Supply Chain Management

Filters

Exam 9: Growing and Internationalizing the Entrepreneurial Firm

Licensing is mostly used in the service industries.

____ is the method of sending out exports based on unsolicited inquiries.

Entrepreneurship flourishes more in environments with more formal institutional procedures.

The level of complexity and required resources increases from direct export, to licensing/ franchising, and finally to foreign direct investment.

Discuss direct exporting, licensing, and franchising as strategies for entering a foreign market. Explain each, and detail strengths and weaknesses.

Small- and medium-sized enterprises (SMEs) are defined as:

Which of the following would most likely foster more entrepreneurship?

Small- and medium-sized enterprises (SMEs) account for ____ percent of the number of firms worldwide.

Which of the following is a popular way to enter into international service markets?

Born global is a term referring to:

Identify the three characteristics of a growing entrepreneurial firm. Explain how each is encouraged more in an environment friendly to entrepreneurs than in an environment opposing entrepreneurship.

Most SMEs are still slow at internationalizing.

Which is NOT one of the three broad modes for entering foreign markets?

Governments in developed countries impose fewer procedures and offer lower total costs for start-up firms.

____ perform an important middleman function by linking sellers and buyers overseas.

Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.

The term for a global movement to help eradicate poverty by providing financing is:

Which of the following is NOT one of the 5 strategies for entrepreneurial SMEs to internationalize without leaving their home country?

Which of the following is NOT a part of VRIO?

A potential start-up primarily has entrepreneurial vision, drive, and leadership, which compensate for its shortage of tangible resources.

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing, Structuring, and Learning Around the World

Competing on Marketing and Supply Chain Management

Filters