Deck 4: Pathways to Entrepreneurial Ventures

Question 1

What are bootstrap options for product development?

A)Preparing licences,royalties or advances from customers and applying the funding methods of research grants and university-based research incubators
B)Special deals on access to product hardware and customer-funded research and development
C)Turning a consultant project into a commercial product
D)All of these choices

Answer 1

D

Question 2

Public sector entrepreneurship is described as:

A)entrepreneurship that combines public and private resources in the pursuit of social objectives
B)entrepreneurship that applies private resources in the pursuit of social objectives
C)entrepreneurship that applies public resources in the pursuit of social objectives
D)entrepreneurship that combines non-profit,public and private resources

Answer 2

A

Question 3

A creative,problem solving entrepreneur is:

A)an adaptor and innovator
B)an adaptor and exploiter
C)a creator and innovator
D)a creator and adaptor

Answer 3

A

Question 4

The three conventional common pathways for start-ups are:

A)new family versus old family,old family versus new,and family succession
B)old to new,newer than older,and engineering the organisation
C)new to new,new to old,and family succession
D)re-engineering organisations,exit strategy,and old family

Question 5

Governpreneurship is described as:

A)entrepreneurship in the governmental sector
B)entrepreneurship in the NGO sector
C)entrepreneurship in the public sector
D)entrepreneurship in the social sector

Question 6

Cash flow is the:

A)movement of money within a business venture
B)movement of products within a business venture
C)movement of services within a business venture
D)movement of staff within a business venture

Question 7

Social venturing is:

A)a form of entrepreneurship that seeks to resolve or address social issues seen through the use of economic models and the practice of businesslike behaviours
B)a form of entrepreneurship that seeks to address health issues with the use of economic models
C)a form of entrepreneurship that seeks to resolve or address political issues seen through the use of economic models
D)a form of entrepreneurship that seeks the practice of business and behaviours of entrepreneurs

Question 8

The global financial crisis (GFC)has been described as:

A)the worst financial crisis since the Great Depression in the 1930s
B)the Great Depression,noted in the 1930s
C)the worst financial crisis since the Great Repression in the 1980s
D)the best depression since the Great Depression in the 1930s

Question 9

Which of the following is an online entrepreneurial career at the lower risk end of the spectrum?

A)minipreneuring
B)vetpreneuring
C)social entrepreneuring
D)nannypreneuring

Question 10

The three broad trade sectors of entrepreneurship are:

A)public (government),private (business)and social (non-profit)
B)public and private only
C)public (government),private (business)and environmental (eco)
D)public and social only

Question 11

The entrepreneurial economy has created an emphasis on:

A)entrepreneurial thinking in the global economy that had developed in the 1980s and 1990s and is prevalent in the 21st century
B)non-creative thinking in the global economy
C)21st century thinking
D)everyday business in the global economy

Question 12

Re-engineering organisations for entrepreneurial opportunities is increasingly demanded for:

A)the making of organisations conducive to an intrapreneurship for entrepreneurial thinking
B)organisations to be sold
C)exploitative thinking
D)the making of organisations not to be conducive to entrepreneurial thinking

Question 13

Niche needs of the customer market can be described as:

A)the long tail
B)the strong tail
C)the new tail
D)the end tail

Question 14

What are bootstrap options for business development?

A)Forgone,delayed or reduced compensation
B)Working from home using personal savings,personal credit cards or home equity
C)Deals with professional service providers at below competitive rates,space below-market or very low rent
D)All of these choices

Question 15

A serial entrepreneur is an entrepreneur who:

A)starts not one but repeated business ventures
B)starts only one business venture
C)starts one franchised business venture
D)exits repeated business ventures

Question 16

The classic entrepreneur pathway is:

A)a disruptive new venture creation
B)an exploitative new venture creation
C)an innovative new venture creation
D)a constructive new venture creation

Question 17

What are the objectives and characteristics of public entrepreneurs?

A)They are motivated by power and achievement,and undertake purposeful activity to initiate public sector organisations not constrained by profit
B)They are motivated by money and by profit
C)They are motivated to undertake purposeful activity to initiate private sector organisations
D)They are motivated by power,achievement and money

Question 18

A franchise is an arrangement for an entrepreneur whereby:

A)any arrangement in which the owner of a trademark,trade name or copyright has licensed others to use it to sell goods or services
B)any arrangement in which the owner of a business sells goods or services
C)any arrangement in which the owner of a business has licensed his family to sell goods or services
D)any arrangement in which the owner of a trademark,trade name or copyright will not be licensed to others to use it to sell goods or services

Question 19

The three circles model of family businesses describes which three areas of entrepreneurship?

A)Non-family and non-manager owners
B)Family members and non-family employees
C)Family owners,family employees and family owner employees
D)All of these choices

Question 20

Obstacles to intrapreneurship reflect the:

A)inefficiencies of management in the organisation to adapt to new venture development
B)effectiveness of management in the organisation to adapt to new venture development
C)boldness of management in the organisation to adapt to new venture development
D)inexperience of management in the organisation