Question 1

Which of the following nonfinancial resources is crucial to the success of a new business?

Accepted Answer

A) transaction fees 
B) bootleggers 
C) cheerleaders 
D) top management teams 
E) horse traders 
A) transaction fees 
B) bootleggers 
C) cheerleaders 
D) top management teams 
E) horse traders D

Question 2

Successfully fostering and managing intrapreneurship requires the company to

Accepted Answer

A) discourage bootlegging. 
B) focus on one project. 
C) reward risk taking. 
D) manage many small projects. 
E) minimize competition. 
A) discourage bootlegging. 
B) focus on one project. 
C) reward risk taking. 
D) manage many small projects. 
E) minimize competition. C

Question 3

________ are also referred to as corporate entrepreneurs.

Accepted Answer

A) Franchisors 
B) Intrapreneurs 
C) Knowledge workers 
D) Sole proprietors 
E) Franchisees 
A) Franchisors 
B) Intrapreneurs 
C) Knowledge workers 
D) Sole proprietors 
E) Franchisees B

Question 4

YourWorks is on online business that allows people to upload their original artwork to be imprinted on cards and calendars,which are then offered for sale.What e-commerce model is YourWorks most likely using?

Accepted Answer

A) affiliate 
B) intermediary 
C) advertising support 
D) subscription 
E) transaction fee 
A) affiliate 
B) intermediary 
C) advertising support 
D) subscription 
E) transaction fee

Question 5

List the characteristics of a successful entrepreneur and explain each one.

Accepted Answer

The characteristics of a successful entr

Question 6

Discuss at least three major management challenges associated with entrepreneurship.Include strategies to overcome the difficulties.

Accepted Answer

Student answers will vary,but should dem

Question 7

________ provides a lasting source of competitive advantage.

Accepted Answer

A) Social capital 
B) Venture capital 
C) Bootlegging 
D) Horse trading 
E) Emotional intelligence 
A) Social capital 
B) Venture capital 
C) Bootlegging 
D) Horse trading 
E) Emotional intelligence

Question 8

The most dangerous risk in corporate entrepreneurship is possibility of

Accepted Answer

A) supporting innovative and creative behaviors. 
B) relying too heavily on a single large project. 
C) working on a few underfunded projects. 
D) tolerating and encouraging bootlegging. 
E) rewarding risk takers. 
A) supporting innovative and creative behaviors. 
B) relying too heavily on a single large project. 
C) working on a few underfunded projects. 
D) tolerating and encouraging bootlegging. 
E) rewarding risk takers.

Question 9

Scenario A.Deanna leaves her job at a refrigerator manufacturing company and starts her own business.Her objective is to attain maximum growth and earn high profits.Deanna's friend Callie still works at the refrigerator manufacturing company,where she has started a business venture utilizing the company's resources.Gus,her colleague,states that he would make a successful entrepreneur because he is a gambler and believes that a good idea and talent lead to success within a year.
-From Scenario A,it can be understood that Callie is a(n)

Accepted Answer

A) bootlegger. 
B) horse trader. 
C) social entrepreneur. 
D) business incubator. 
E) corporate entrepreneur. 
A) bootlegger. 
B) horse trader. 
C) social entrepreneur. 
D) business incubator. 
E) corporate entrepreneur.

Question 10

Which of the following e-commerce models is an online newspaper most likely to use?

Accepted Answer

A) affiliate 
B) intermediary 
C) advertising support 
D) subscription 
E) transaction fee 
A) affiliate 
B) intermediary 
C) advertising support 
D) subscription 
E) transaction fee

Question 11

Benefits of business incubators typically include

Accepted Answer

A) free rent. 
B) high security. 
C) venture capital. 
D) shared services. 
E) guaranteed profitability. 
A) free rent. 
B) high security. 
C) venture capital. 
D) shared services. 
E) guaranteed profitability.

Question 12

Renaldo is creating a business plan.His first formal step should be to

Accepted Answer

A) secure financing. 
B) write a business plan. 
C) conduct an opportunity analysis. 
D) get others to support one's ideas. 
E) hire the right people. 
A) secure financing. 
B) write a business plan. 
C) conduct an opportunity analysis. 
D) get others to support one's ideas. 
E) hire the right people.

Question 13

Marta decided that a growing Latino population has created an opportunity to market her family's salsa recipes.Which type of opportunity is she focusing on?

Accepted Answer

A) technological discoveries 
B) demographic change 
C) economic dislocations 
D) calamities 
E) government initiatives 
A) technological discoveries 
B) demographic change 
C) economic dislocations 
D) calamities 
E) government initiatives

Question 14

________ are project teams designated to produce a new product.

Accepted Answer

A) Bootleggers 
B) Skunkworks 
C) Intrapreneurs 
D) Affiliates 
E) Incubators 
A) Bootleggers 
B) Skunkworks 
C) Intrapreneurs 
D) Affiliates 
E) Incubators

Question 15

Protected environments for new,small business are known as

Accepted Answer

A) business incubators. 
B) business accelerators. 
C) business shelters. 
D) skunkworks. 
E) bootleggers. 
A) business incubators. 
B) business accelerators. 
C) business shelters. 
D) skunkworks. 
E) bootleggers.

Question 16

A(n)________ is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it.

Accepted Answer

A) business plan 
B) operational plan 
C) opportunity analysis 
D) trend analysis 
E) strategic plan 
A) business plan 
B) operational plan 
C) opportunity analysis 
D) trend analysis 
E) strategic plan

Question 17

List a few myths about entrepreneurs and explain why they are myths.

Accepted Answer

Student answers will vary,but they shoul

Question 18

Marina is developing a new software company.She locates her business in an industrial park that offers low rent and shared support staff to start-up companies.This is an example of a

Accepted Answer

A) skunkworks. 
B) spin-off. 
C) franchise. 
D) bootlegging operation. 
E) business incubator. 
A) skunkworks. 
B) spin-off. 
C) franchise. 
D) bootlegging operation. 
E) business incubator.

Question 19

While working at Advance Corp. ,Samantha has created a new venture based solely on her idea and Enterprisers' proprietary technology.Samantha can be described as a(n)

Accepted Answer

A) intrapreneur. 
B) independent entrepreneur. 
C) sole proprietor. 
D) venture capitalist. 
E) franchisee. 
A) intrapreneur. 
B) independent entrepreneur. 
C) sole proprietor. 
D) venture capitalist. 
E) franchisee.

Question 20

Scenario A.Deanna leaves her job at a refrigerator manufacturing company and starts her own business.Her objective is to attain maximum growth and earn high profits.Deanna's friend Callie still works at the refrigerator manufacturing company,where she has started a business venture utilizing the company's resources.Gus,her colleague,states that he would make a successful entrepreneur because he is a gambler and believes that a good idea and talent lead to success within a year.
-By leaving her job and starting her own business,Deanna has become a(n)

Accepted Answer

A) business incubator. 
B) entrepreneur. 
C) intrapreneur. 
D) horse trader. 
E) bootlegger. 
A) business incubator. 
B) entrepreneur. 
C) intrapreneur. 
D) horse trader. 
E) bootlegger.

Which of the following nonfinancial resources is crucial to the success of a new business?

Successfully fostering and managing intrapreneurship requires the company to

________ are also referred to as corporate entrepreneurs.

YourWorks is on online business that allows people to upload their original artwork to be imprinted on cards and calendars,which are then offered for sale.What e-commerce model is YourWorks most likely using?

List the characteristics of a successful entrepreneur and explain each one.

Discuss at least three major management challenges associated with entrepreneurship.Include strategies to overcome the difficulties.

________ provides a lasting source of competitive advantage.

The most dangerous risk in corporate entrepreneurship is possibility of

Which of the following e-commerce models is an online newspaper most likely to use?

Benefits of business incubators typically include

Renaldo is creating a business plan.His first formal step should be to

Marta decided that a growing Latino population has created an opportunity to market her family's salsa recipes.Which type of opportunity is she focusing on?

________ are project teams designated to produce a new product.

Protected environments for new,small business are known as

A(n)________ is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it.

List a few myths about entrepreneurs and explain why they are myths.

Marina is developing a new software company.She locates her business in an industrial park that offers low rent and shared support staff to start-up companies.This is an example of a

While working at Advance Corp. ,Samantha has created a new venture based solely on her idea and Enterprisers' proprietary technology.Samantha can be described as a(n)

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters

Exam 7: Entrepreneurship

Which of the following nonfinancial resources is crucial to the success of a new business?

Successfully fostering and managing intrapreneurship requires the company to

________ are also referred to as corporate entrepreneurs.

YourWorks is on online business that allows people to upload their original artwork to be imprinted on cards and calendars,which are then offered for sale.What e-commerce model is YourWorks most likely using?

List the characteristics of a successful entrepreneur and explain each one.

Discuss at least three major management challenges associated with entrepreneurship.Include strategies to overcome the difficulties.

________ provides a lasting source of competitive advantage.

The most dangerous risk in corporate entrepreneurship is possibility of

Which of the following e-commerce models is an online newspaper most likely to use?

Benefits of business incubators typically include

Renaldo is creating a business plan.His first formal step should be to

Marta decided that a growing Latino population has created an opportunity to market her family's salsa recipes.Which type of opportunity is she focusing on?

________ are project teams designated to produce a new product.

Protected environments for new,small business are known as

A(n)________ is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it.

List a few myths about entrepreneurs and explain why they are myths.

Marina is developing a new software company.She locates her business in an industrial park that offers low rent and shared support staff to start-up companies.This is an example of a

While working at Advance Corp. ,Samantha has created a new venture based solely on her idea and Enterprisers' proprietary technology.Samantha can be described as a(n)

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters