Question 1

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

Accepted Answer

A)  Direct exports 
B)  Licensing 
C)  Indirect exports 
D)  Letters of credit 
A)  Direct exports 
B)  Licensing 
C)  Indirect exports 
D)  Letters of credit C

Question 2

Firms with fewer than 500 employees in the United States are considered small- and medium-sized enterprises.

Accepted Answer

A) True 
 B)False  True

Question 3

Microfinance provides micro loans used to:

Accepted Answer

A)  pay mortgages. 
B)  pay car loans. 
C)  start small businesses. 
D)  start subsidiaries. 
A)  pay mortgages. 
B)  pay car loans. 
C)  start small businesses. 
D)  start subsidiaries. C

Question 4

SMEs tend to be less entrepreneurial than large firms.

Accepted Answer

A) True 
 B)False

Question 5

Explain the resource-based views in light of their effect on entrepreneurial success.

Accepted Answer

The resource-based view sheds considerab

Question 6

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Accepted Answer

A)  Monotonousness 
B)  Internationalization 
C)  Inimitability 
D)  Informality 
A)  Monotonousness 
B)  Internationalization 
C)  Inimitability 
D)  Informality

Question 8

Firms that are first to introduce new goods or services are likely to earn "monopoly profits" until competitors emerge.

Accepted Answer

A) True 
 B)False

Question 9

Identify the three advantages offered by the innovation strategy used in a growing entrepreneurial firm.

Accepted Answer

An innovation strategy offers three adva

Question 10

Model of internationalization that portrays the slow step-by step process an SME must go through to internationalize its business is referred to as the_____.

Accepted Answer

A)  indirect model 
B)  stage model 
C)  franchising model 
D)  direct export model 
A)  indirect model 
B)  stage model 
C)  franchising model 
D)  direct export model

Question 11

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

Accepted Answer

​Compared with domestic transaction cost

Question 12

Brazil has the lowest level of informal investment in the world.

Accepted Answer

A) True 
 B)False

Question 13

In a service industry,_____ refers to firm A's agreement to give Firm B the rights to use A's proprietary assets for a royalty fee paid to A by B.

Accepted Answer

A)  adverse possession 
B)  franchising 
C)  bailment 
D)  licensing 
A)  adverse possession 
B)  franchising 
C)  bailment 
D)  licensing

Question 14

Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

Accepted Answer

A) True 
 B)False

Question 15

One hallmark of entrepreneurial growth is a dynamic,flexible,guerrilla strategy.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

Direct exporting entails the sale of pro

Question 17

Which of the following types of contracts are used between exporters and importers to reduce transaction risks?

Accepted Answer

A)  Letter of credit 
B)  Articles of incorporation 
C)  License 
D)  Bill of lading 
A)  Letter of credit 
B)  Articles of incorporation 
C)  License 
D)  Bill of lading

Question 18

Family background and educational attainment correlate with entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 19

Explain the concept of microfinance.

Accepted Answer

A highly innovative solution,called micr

Question 20

Entrepreneurs need to cultivate strong informal norms granting legitimacy to entrepreneurs.

Accepted Answer

A) True 
 B)False

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

Firms with fewer than 500 employees in the United States are considered small- and medium-sized enterprises.

Microfinance provides micro loans used to:

SMEs tend to be less entrepreneurial than large firms.

Explain the resource-based views in light of their effect on entrepreneurial success.

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Firms that are first to introduce new goods or services are likely to earn "monopoly profits" until competitors emerge.

Identify the three advantages offered by the innovation strategy used in a growing entrepreneurial firm.

Model of internationalization that portrays the slow step-by step process an SME must go through to internationalize its business is referred to as the_____.

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

Brazil has the lowest level of informal investment in the world.

In a service industry,_____ refers to firm A's agreement to give Firm B the rights to use A's proprietary assets for a royalty fee paid to A by B.

Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

One hallmark of entrepreneurial growth is a dynamic,flexible,guerrilla strategy.

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

Which of the following types of contracts are used between exporters and importers to reduce transaction risks?

Family background and educational attainment correlate with entrepreneurship.

Explain the concept of microfinance.

Entrepreneurs need to cultivate strong informal norms granting legitimacy to entrepreneurs.

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

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 9: Growing and Internationalizing the Entrepreneurial Firm

____ is a way to reach overseas customers by exporting through domestic-based export intermediaries.

Firms with fewer than 500 employees in the United States are considered small- and medium-sized enterprises.

Microfinance provides micro loans used to:

SMEs tend to be less entrepreneurial than large firms.

Explain the resource-based views in light of their effect on entrepreneurial success.

Individuals who discover,evaluate,and exploit previously unexplored opportunities are referred to as entrepreneurs.

Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?

Firms that are first to introduce new goods or services are likely to earn "monopoly profits" until competitors emerge.

Identify the three advantages offered by the innovation strategy used in a growing entrepreneurial firm.

Model of internationalization that portrays the slow step-by step process an SME must go through to internationalize its business is referred to as the_____.

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

Brazil has the lowest level of informal investment in the world.

In a service industry,_____ refers to firm A's agreement to give Firm B the rights to use A's proprietary assets for a royalty fee paid to A by B.

Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

One hallmark of entrepreneurial growth is a dynamic,flexible,guerrilla strategy.

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

Which of the following types of contracts are used between exporters and importers to reduce transaction risks?

Family background and educational attainment correlate with entrepreneurship.

Explain the concept of microfinance.

Entrepreneurs need to cultivate strong informal norms granting legitimacy to entrepreneurs.

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

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters