Question 1

Match the following profit measures to their definitions.
-Operating profit.

Accepted Answer

A)  A comparative indicator of profit in relation to sales value. 
B)  Gross profit less all operating expenses but not interest and taxes. 
C)  A measure of company performance after deducting operating expenses and interest but not taxes. 
D)  A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit. 
A)  A comparative indicator of profit in relation to sales value. 
B)  Gross profit less all operating expenses but not interest and taxes. 
C)  A measure of company performance after deducting operating expenses and interest but not taxes. 
D)  A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit.

Question 2

Match the following team roles to their primary contribution.
-Team Leader.

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 3

Match these types of innovation with their descriptions (based on Francis and Bessant 2005).
-Paradigm innovation.

Accepted Answer

A)  The way they are introduced to market 
B)  Product/service offered 
C)  Improvement to a part of product/service 
D)  Underlying business models 
A)  The way they are introduced to market 
B)  Product/service offered 
C)  Improvement to a part of product/service 
D)  Underlying business models

Question 4

Fills the gaps in the following sentence.
The term technology entrepreneur typically describes a person who has founded a ______ in order to develop some form of ______ , most commonly in industry sectors such as ______, ______, ______ and other applied sciences.

Accepted Answer

The answer of Fills the gaps in the following sentence.
The...

Question 5

As a branch of the social sciences what does economics study?

Accepted Answer

The answer of As a branch of the social sciences...

Question 6

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

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 7

How does innovation in an entrepreneurship context differ from inventions or new business ideas?

Accepted Answer

The answer of How does innovation in an entrepreneurship context...

Question 8

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture.
-Norming.

Accepted Answer

A)  Efforts to resolve differences; venture team reaches agreement over task and process issues. 
B)  Disagreements emerge over both task and process issues; some internal conflict and hostility. 
C)  Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). 
D)  Team concentrates on achieving its common purpose, while maintaining process dimension. 
A)  Efforts to resolve differences; venture team reaches agreement over task and process issues. 
B)  Disagreements emerge over both task and process issues; some internal conflict and hostility. 
C)  Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). 
D)  Team concentrates on achieving its common purpose, while maintaining process dimension.

Match the following profit measures to their definitions. -Operating profit.

Match the following team roles to their primary contribution. -Team Leader.

Match these types of innovation with their descriptions (based on Francis and Bessant 2005). -Paradigm innovation.

Fills the gaps in the following sentence. The term technology entrepreneur typically describes a person who has founded a in order to develop some form of , most commonly in industry sectors such as , , __ and other applied sciences.

As a branch of the social sciences what does economics study?

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

How does innovation in an entrepreneurship context differ from inventions or new business ideas?

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture. -Norming.

Filters

Exam 1: Exploring Entrepreneurship

Match the following profit measures to their definitions. -Operating profit.

Match the following team roles to their primary contribution. -Team Leader.

Match these types of innovation with their descriptions (based on Francis and Bessant 2005). -Paradigm innovation.

Fills the gaps in the following sentence. The term technology entrepreneur typically describes a person who has founded a ______ in order to develop some form of ______ , most commonly in industry sectors such as ______, ______, ______ and other applied sciences.

As a branch of the social sciences what does economics study?

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

How does innovation in an entrepreneurship context differ from inventions or new business ideas?

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture. -Norming.

Filters

Fills the gaps in the following sentence. The term technology entrepreneur typically describes a person who has founded a in order to develop some form of , most commonly in industry sectors such as , , __ and other applied sciences.