Question 1

Match the following team roles to their implied communication task.
-Team Worker.

Accepted Answer

A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team. 
A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team. C

Question 2

Match the following elements of a business plan with their descriptions.
-Marketing and promotional strategy.

Accepted Answer

A)  Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. 
B)  Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). 
C)  Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. 
D)  Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted. 
A)  Sets out practical aspects of the venture including key processes, information systems, assets (e.g. premises, technologies), and controls. 
B)  Sets out what venture aims to provide, why there is a demand and who is involved in the process (e.g. customers, suppliers, partners). 
C)  Outlines the key features of the venture and may highlight relevant points such as funding required, growth potential and returns for investors. 
D)  Analyses potential market and competition, summarizes marketing mix and explains how products and services will be promoted. D

Question 3

What are entrepreneurs?

Accepted Answer

The key parts of the definition entrepreneurs seek to value by the creation or expansion of economic activity. The way in which they do this is by identifying and exploiting opportunities. See Section 1.2.2 for more information.

Question 4

Match these types of examples with the relevant decisions.
-Once it is trading, 'Eco-Dry' is paying wages to employees, reimbursing suppliers, paying dividends to investors and taxes to local and national governments. The founders may also decide to re-invest their profits in new projects and making donations to environmental charities.

Accepted Answer

A)  Appropriating and accumulating value 
B)  Identifying or creating new opportunities 
C)  Mobilising and leveraging resources 
D)  Redistributing and redirecting value 
A)  Appropriating and accumulating value 
B)  Identifying or creating new opportunities 
C)  Mobilising and leveraging resources 
D)  Redistributing and redirecting value

Question 5

Complete the following statements.
One of the major disadvantages of the emergent approach is that it can be difficult to explain your ______ to other people, including potential financiers and partners. This may be appropriate for some kinds of venture, including those that are less ______ and more ______.

Accepted Answer

The answer of Complete the following statements.
One of the major...

Question 6

Match the type of knowledge with the relevant examples.
-Practical knowledge about entrepreneurship.

Accepted Answer

A)  The founders of a new social enterprise know about the needs of young disabled people in their city. 
B)  The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business. 
C)  Economists identify a correlation between research and development spill-overs and economic growth in two countries. 
D)  Organizational researchers show how entrepreneurs can use social networks more effectively. 
A)  The founders of a new social enterprise know about the needs of young disabled people in their city. 
B)  The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business. 
C)  Economists identify a correlation between research and development spill-overs and economic growth in two countries. 
D)  Organizational researchers show how entrepreneurs can use social networks more effectively.

Question 7

Complete the following sentence by choosing the appropriate phrase for each gap.
Entrepreneurship researchers need to combine the theoretically informed, ______ generated by academics and the more concrete ______ of entrepreneurs.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 8

Complete the following sentences by choosing the appropriate selection for each gap.
Learning by doing focuses on learning through ______ and ______. In this process, entrepreneurs identify ______ and ______ through trial and error.

Accepted Answer

The answer of Complete the following sentences by choosing the...

Question 9

Fill in the gaps below.
To be competitive an enterprise needs to add ______, as ______ by its customers, by the ______. Any venture will have a wide range of processes that cover everything from legal 'terms and conditions' for customers to 'employment contracts' with staff. Your new venture will have to perform these to a certain ______ standard just to ______ in your ______.

Accepted Answer

The answer of Fill in the gaps below.
To be competitive...

Question 10

Match these approaches to marketing with their descriptions.
-Marketing research, market segmentation, product positioning and brand management.

Accepted Answer

A)  New marketing approaches 
B)  Mainstream marketing approaches 
A)  New marketing approaches 
B)  Mainstream marketing approaches

Question 11

Match these types of examples with the relevant decisions.
-Three engineering graduates establish 'EcoDry' a new venture that seizes a growing market opportunity. They have combined several existing technologies, creating a new, more environmentally-friendly technique for dry cleaning textiles.

Accepted Answer

A)  Appropriating and accumulating value 
B)  Identifying or creating new opportunities 
C)  Mobilising and leveraging resources 
D)  Redistributing and redirecting value 
A)  Appropriating and accumulating value 
B)  Identifying or creating new opportunities 
C)  Mobilising and leveraging resources 
D)  Redistributing and redirecting value

Question 12

Match the following team roles to their implied communication task.
-Chair.

Accepted Answer

A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team. 
A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team.

Question 13

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used
-Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.

Accepted Answer

A)  Business history 
B)  Psychology and behavioural studies 
C)  Economics 
D)  Sociology, human geography and anthropology 
A)  Business history 
B)  Psychology and behavioural studies 
C)  Economics 
D)  Sociology, human geography and anthropology

Question 14

Encouraging entrepreneurial activity that focuses on whether our country has supportive rules and regulations would be referred to as operating at what level?

Accepted Answer

The answer of Encouraging entrepreneurial activity that focuses on whether...

Question 15

Match the following terms to their definitions.
-Assets.

Accepted Answer

A)  The difference between total assets and total liabilities 
B)  Sum of creditors, accrued liabilities and tax owed 
C)  The value of the company's worth 
D)  The amount a company owes to other entities 
A)  The difference between total assets and total liabilities 
B)  Sum of creditors, accrued liabilities and tax owed 
C)  The value of the company's worth 
D)  The amount a company owes to other entities

Question 16

Match the following team roles to their primary contribution.
-Chair.

Accepted Answer

A)  Initiates, provides leadership and drives team towards achieving task. 
B)  Maintains a check on outcomes in relation to project milestones and deadlines. 
C)  Organizes, co-ordinates and seeks to retain teams focus and involvement. 
D)  Encourages other members, fosters team morale and reduces negative emotions. 
A)  Initiates, provides leadership and drives team towards achieving task. 
B)  Maintains a check on outcomes in relation to project milestones and deadlines. 
C)  Organizes, co-ordinates and seeks to retain teams focus and involvement. 
D)  Encourages other members, fosters team morale and reduces negative emotions.

Question 17

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team.
-Storming.

Accepted Answer

A)  Fairly open and multilateral exchanges as people seek an initial indication of each others' capabilities and potential roles. 
B)  Greater attention to feedback as team leaders confirm consent and establish roles. 
C)  Strong bilateral, persuasive communication as members exchange arguments. 
D)  Bilateral exchanges between team members engaged in delegated roles, with some multilateral communication to ensure activities are co-ordinated. 
A)  Fairly open and multilateral exchanges as people seek an initial indication of each others' capabilities and potential roles. 
B)  Greater attention to feedback as team leaders confirm consent and establish roles. 
C)  Strong bilateral, persuasive communication as members exchange arguments. 
D)  Bilateral exchanges between team members engaged in delegated roles, with some multilateral communication to ensure activities are co-ordinated.

Question 18

Complete the following definition.
Innovation is popularly defined as 'the introduction of ______; the ______ of what is established by the introduction of new elements or forms'.

Accepted Answer

The answer of Complete the following definition.
Innovation is popularly defined...

Question 19

Match their titles to their descriptions:
-Product innovation.

Accepted Answer

A)  Cost, profit and revenue 
B)  Capabilities, partnerships and value configuration 
C)  Offering and value proposition 
D)  Customer, channel and relationship 
A)  Cost, profit and revenue 
B)  Capabilities, partnerships and value configuration 
C)  Offering and value proposition 
D)  Customer, channel and relationship

Question 20

Match the following team roles to their implied communication task.
-Team Leader.

Accepted Answer

A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team. 
A)  Generates persuasive bilateral and multilateral messages directed at team members. 
B)  Monitors and co-ordinates messages between team members. 
C)  Assesses and generates primarily affective, process-related messages within the team. 
D)  Analyses primarily cognitive task-related messages within the team.

Match the following team roles to their implied communication task. -Team Worker.

Match the following elements of a business plan with their descriptions. -Marketing and promotional strategy.

What are entrepreneurs?

Complete the following statements. One of the major disadvantages of the emergent approach is that it can be difficult to explain your to other people, including potential financiers and partners. This may be appropriate for some kinds of venture, including those that are less and more __.

Match the type of knowledge with the relevant examples. -Practical knowledge about entrepreneurship.

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, generated by academics and the more concrete of entrepreneurs.

Complete the following sentences by choosing the appropriate selection for each gap. Learning by doing focuses on learning through and . In this process, entrepreneurs identify and through trial and error.

Match these approaches to marketing with their descriptions. -Marketing research, market segmentation, product positioning and brand management.

Match these types of examples with the relevant decisions. -Three engineering graduates establish 'EcoDry' a new venture that seizes a growing market opportunity. They have combined several existing technologies, creating a new, more environmentally-friendly technique for dry cleaning textiles.

Match the following team roles to their implied communication task. -Chair.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.

Encouraging entrepreneurial activity that focuses on whether our country has supportive rules and regulations would be referred to as operating at what level?

Match the following terms to their definitions. -Assets.

Match the following team roles to their primary contribution. -Chair.

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team. -Storming.

Complete the following definition. Innovation is popularly defined as 'the introduction of ; the of what is established by the introduction of new elements or forms'.

Match their titles to their descriptions: -Product innovation.

Match the following team roles to their implied communication task. -Team Leader.

Filters

Exam 1: Exploring Entrepreneurship

Match the following team roles to their implied communication task. -Team Worker.

Match the following elements of a business plan with their descriptions. -Marketing and promotional strategy.

What are entrepreneurs?

Match the type of knowledge with the relevant examples. -Practical knowledge about entrepreneurship.

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, ______ generated by academics and the more concrete ______ of entrepreneurs.

Complete the following sentences by choosing the appropriate selection for each gap. Learning by doing focuses on learning through ______ and ______. In this process, entrepreneurs identify ______ and ______ through trial and error.

Match these approaches to marketing with their descriptions. -Marketing research, market segmentation, product positioning and brand management.

Match these types of examples with the relevant decisions. -Three engineering graduates establish 'EcoDry' a new venture that seizes a growing market opportunity. They have combined several existing technologies, creating a new, more environmentally-friendly technique for dry cleaning textiles.

Match the following team roles to their implied communication task. -Chair.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.

Encouraging entrepreneurial activity that focuses on whether our country has supportive rules and regulations would be referred to as operating at what level?

Match the following terms to their definitions. -Assets.

Match the following team roles to their primary contribution. -Chair.

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team. -Storming.

Complete the following definition. Innovation is popularly defined as 'the introduction of ______; the ______ of what is established by the introduction of new elements or forms'.

Match their titles to their descriptions: -Product innovation.

Match the following team roles to their implied communication task. -Team Leader.

Filters

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, generated by academics and the more concrete of entrepreneurs.

Complete the following sentences by choosing the appropriate selection for each gap. Learning by doing focuses on learning through and . In this process, entrepreneurs identify and through trial and error.

Complete the following definition. Innovation is popularly defined as 'the introduction of ; the of what is established by the introduction of new elements or forms'.