Question 1

Entrepreneurs in the ________ quadrant of firm growth possess the abilities to grow but do not aspire to grow their businesses.

Accepted Answer

A)  constrained growth 
B)  unused potential for growth 
C)  actual growth 
D)  little potential 
A)  constrained growth 
B)  unused potential for growth 
C)  actual growth 
D)  little potential

Question 2

Entrepreneurs who have the necessary abilities for the transition to more professional management practices and the aspiration to grow their business:

Accepted Answer

A)  have little potential for firm growth. 
B)  will achieve growth only if the entrepreneur replaces himself or herself with a professional manager. 
C)  are the most likely to achieve growth. 
D)  usually form lifestyle firms. 
A)  have little potential for firm growth. 
B)  will achieve growth only if the entrepreneur replaces himself or herself with a professional manager. 
C)  are the most likely to achieve growth. 
D)  usually form lifestyle firms.

Question 3

________ are used to characterize potential customers based upon their income,education,age,sex,and so forth.

Accepted Answer

A)  Demographics 
B)  Development strategies 
C)  Democracies 
D)  Diversifications 
A)  Demographics 
B)  Development strategies 
C)  Democracies 
D)  Diversifications

Question 4

Acknowledgment that only a small amount of time is actually under one's control and that most of one's time is taken up by others is known as the:

Accepted Answer

A)  principle of desire. 
B)  principle of teamwork. 
C)  principle of analysis. 
D)  principle of prioritized planning. 
A)  principle of desire. 
B)  principle of teamwork. 
C)  principle of analysis. 
D)  principle of prioritized planning.

Question 5

Effective time management can increase an entrepreneur's job satisfaction.

Accepted Answer

A) True 
 B)False

Question 6

One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.

Accepted Answer

A) True 
 B)False

Question 7

Even if there is a belief that the pursuit of growth will improve firm performance and enhance personal wealth,some entrepreneurs will still avoid growing their business.

Accepted Answer

A) True 
 B)False

Question 8

Conducting a(n)________ on cash flow involves assigning a + or − probability to the estimated value.

Accepted Answer

A)  break-even analysis 
B)  audit 
C)  distribution analysis 
D)  sensitivity analysis 
A)  break-even analysis 
B)  audit 
C)  distribution analysis 
D)  sensitivity analysis

Question 9

Creating a positive organization culture involves:

Accepted Answer

A)  not communicating all matters to key employees. 
B)  being more involved in every aspect of the task, and avoiding delegation. 
C)  establishing a "we" spirit, not a "me" spirit in meetings and memorandum. 
D)  being conservative in the training process. 
A)  not communicating all matters to key employees. 
B)  being more involved in every aspect of the task, and avoiding delegation. 
C)  establishing a "we" spirit, not a "me" spirit in meetings and memorandum. 
D)  being conservative in the training process.

Question 10

Employee turnover for part-time workers is lower than that for full-time workers.

Accepted Answer

A) True 
 B)False

Question 11

In a horizontal diversification strategy,growth:

Accepted Answer

A)  involves taking a step back (up) the value-added chain. 
B)  occurs at the same level of the value-added chain. 
C)  involves taking a step forward (down) the value added chain. 
D)  involves opportunities unrelated to the existing value-added chain. 
A)  involves taking a step back (up) the value-added chain. 
B)  occurs at the same level of the value-added chain. 
C)  involves taking a step forward (down) the value added chain. 
D)  involves opportunities unrelated to the existing value-added chain.

Question 12

Entrepreneurs in the ________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

Accepted Answer

A)  constrained growth 
B)  unused potential for growth 
C)  actual growth 
D)  little potential 
A)  constrained growth 
B)  unused potential for growth 
C)  actual growth 
D)  little potential

Question 13

Which of the following is not one of the growth strategies outlined in the text

Accepted Answer

A)  Product development strategy 
B)  Customer development strategy 
C)  Diversification strategy 
D)  Market development strategy 
A)  Product development strategy 
B)  Customer development strategy 
C)  Diversification strategy 
D)  Market development strategy

Question 14

________ strategies involve selling a new product to a new market.

Accepted Answer

A)  Penetration 
B)  Market development 
C)  Product development 
D)  Diversification 
A)  Penetration 
B)  Market development 
C)  Product development 
D)  Diversification

Question 15

Which of the following is not a benefit of time management

Accepted Answer

A)  improvement of esprit de corps 
B)  decreased job satisfaction 
C)  increased productivity 
D)  less anxiety and tension 
A)  improvement of esprit de corps 
B)  decreased job satisfaction 
C)  increased productivity 
D)  less anxiety and tension

Question 16

Explain the four types of entrepreneurs and firm growth.

Accepted Answer

Actual Growth of the Firm Entrepreneurs

Question 17

The four growth strategies outlined in the text are: penetration strategy,customer development strategy,service development strategy,and diversification strategy.

Accepted Answer

A) True 
 B)False

Question 18

If employees are involved in the decision-making process,they are more motivated to implement the decided course of action.

Accepted Answer

A) True 
 B)False

Question 19

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles

Accepted Answer

A)  Principle of desire 
B)  Principle of reanalysis 
C)  Principle of effectiveness 
D)  Principle of prioritized planning 
A)  Principle of desire 
B)  Principle of reanalysis 
C)  Principle of effectiveness 
D)  Principle of prioritized planning

Question 20

A firm that manufactures washing machines starts to manufacture detergent.This illustrates ________ integration.

Accepted Answer

A)  backward 
B)  forward 
C)  horizontal 
D)  side 
A)  backward 
B)  forward 
C)  horizontal 
D)  side

Entrepreneurs in the ________ quadrant of firm growth possess the abilities to grow but do not aspire to grow their businesses.

Entrepreneurs who have the necessary abilities for the transition to more professional management practices and the aspiration to grow their business:

________ are used to characterize potential customers based upon their income,education,age,sex,and so forth.

Acknowledgment that only a small amount of time is actually under one's control and that most of one's time is taken up by others is known as the:

Effective time management can increase an entrepreneur's job satisfaction.

One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.

Even if there is a belief that the pursuit of growth will improve firm performance and enhance personal wealth,some entrepreneurs will still avoid growing their business.

Conducting a(n)________ on cash flow involves assigning a + or − probability to the estimated value.

Creating a positive organization culture involves:

Employee turnover for part-time workers is lower than that for full-time workers.

In a horizontal diversification strategy,growth:

Entrepreneurs in the ________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

Which of the following is not one of the growth strategies outlined in the text

________ strategies involve selling a new product to a new market.

Which of the following is not a benefit of time management

Explain the four types of entrepreneurs and firm growth.

The four growth strategies outlined in the text are: penetration strategy,customer development strategy,service development strategy,and diversification strategy.

If employees are involved in the decision-making process,they are more motivated to implement the decided course of action.

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles

A firm that manufactures washing machines starts to manufacture detergent.This illustrates ________ integration.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 13: Strategies for Growth and Managing the Implication of Growth

Entrepreneurs in the ________ quadrant of firm growth possess the abilities to grow but do not aspire to grow their businesses.

Entrepreneurs who have the necessary abilities for the transition to more professional management practices and the aspiration to grow their business:

________ are used to characterize potential customers based upon their income,education,age,sex,and so forth.

Acknowledgment that only a small amount of time is actually under one's control and that most of one's time is taken up by others is known as the:

Effective time management can increase an entrepreneur's job satisfaction.

One advantage of leasing equipment is that lease payments represent an expense and can be used as a tax deduction.

Even if there is a belief that the pursuit of growth will improve firm performance and enhance personal wealth,some entrepreneurs will still avoid growing their business.

Conducting a(n)________ on cash flow involves assigning a + or − probability to the estimated value.

Creating a positive organization culture involves:

Employee turnover for part-time workers is lower than that for full-time workers.

In a horizontal diversification strategy,growth:

Entrepreneurs in the ________ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so.

Which of the following is not one of the growth strategies outlined in the text

________ strategies involve selling a new product to a new market.

Which of the following is not a benefit of time management

Explain the four types of entrepreneurs and firm growth.

The four growth strategies outlined in the text are: penetration strategy,customer development strategy,service development strategy,and diversification strategy.

If employees are involved in the decision-making process,they are more motivated to implement the decided course of action.

Reviewing meetings to make sure they are being run effectively illustrates which of the following principles

A firm that manufactures washing machines starts to manufacture detergent.This illustrates ________ integration.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters