Question 1

Entrepreneurs can only be found at the top of organizations.

Accepted Answer

A) True 
 B)False

Question 2

Which would tend to result in a greater level of entrepreneurship?

Accepted Answer

A)  Ability to reduce the bargaining power of buyers 
B)  Fewer numbers of incumbents 
C)  Capital-intensive industries 
D)  Weak bargaining power of suppliers

Question 3

Intrapreneurship is:

Accepted Answer

A)  The establishment and fostering of entrepreneurial activity within large organizations 
B)  Inter-organizational entrepreneurial activity 
C)  Entrepreneurial activity within peer networks 
D)  Senior team entrepreneurial activity

Question 4

Identify the five paths an entrepreneurial start-up may take.

Accepted Answer

The answer of Identify the five paths an entrepreneurial start-up...

Question 5

Entrepreneurial leaders are noted for encouraging inclusive and democratic decision-making within organizations.

Accepted Answer

A) True 
 B)False

Question 6

Harsh bankruptcy laws become exit barriers,but not significant barriers to entry.

Accepted Answer

A) True 
 B)False

Question 7

Personal traits of entrepreneurs are no different than non-entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 8

A potential benefit of an initial public offering (IPO):

Accepted Answer

A)  Can increase firm's financial stability 
B)  Focus on short-term results 
C)  Fiduciary duty 
D)  Entrepreneurs' freedom of action

Question 9

Suppose you are convinced that you have a product/service that has a huge overseas potential but your funds are very limited and you do not wish to seek partners,investors,or creditors to exploit the opportunity. What can you do?

Accepted Answer

The answer of Suppose you are convinced that you have...

Question 10

Are all visionary leaders entrepreneurs?

Accepted Answer

A)  Mostly, but not always 
B)  Yes, always 
C)  No, the two are incompatible 
D)  Rarely

Question 11

How might intrapreneurial activity be structurally encouraged?

Accepted Answer

A)  Special task forces and development groups 
B)  Allowing individual managers the opportunity freedom, and possibly, capital, to try out new ideas 
C)  Change is seen as an opportunity rather than threat 
D)  All the above

Question 12

When an entrepreneurial business fails it is likely to be because:

Accepted Answer

A)  The opportunity identified can no longer be effectively addressed by the start-up. 
B)  The market remains a niche and never really grows 
C)  A and B above 
D)  It continues to serve only a local need

Question 13

A successful economy,it is claimed,requires entrepreneurial activity because:

Accepted Answer

A)  Opportunities will continually present themselves 
B)  Organizations must innovate and search for opportunities to rewrite the rules of competition 
C)  Cooperation between companies is essential in the new economy 
D)  Hyper-competition requires new business models

Question 14

Entrepreneurship:

Accepted Answer

A)  Can occur both within firms and independently of them 
B)  Is a process that may lead to the creation of new value 
C)  Involves recognizing or creating an opportunity, assembling resources to pursue it, and managing those resources to bring the new venture into being 
D)  All of the above

Question 15

What are some of the features found in firms that have high levels of innovation and entrepreneurship?

Accepted Answer

The answer of What are some of the features found...

Question 16

Development of entrepreneurship around the world depends on avoiding the impact of formal institutions that govern how entrepreneurs start up new ventures.

Accepted Answer

A) True 
 B)False

Question 17

There are striking differences in government regulations concerning start-ups.

Accepted Answer

A) True 
 B)False

Question 18

Identify what is felt to motivate entrepreneurs.

Accepted Answer

The answer of Identify what is felt to motivate entrepreneurs....

Question 19

Entrepreneurship is not the exclusive domain of small,young firms.

Accepted Answer

A) True 
 B)False

Question 20

The industry changes that become an opportunity that an entrepreneur typically seeks to exploit can be:

Accepted Answer

A)  Incremental only 
B)  Dynamic only 
C)  Incremental and dynamic 
D)  All of the above

Exam 16: Strategic Entrepreneurship

Entrepreneurs can only be found at the top of organizations.

Which would tend to result in a greater level of entrepreneurship?

Intrapreneurship is:

Identify the five paths an entrepreneurial start-up may take.

Entrepreneurial leaders are noted for encouraging inclusive and democratic decision-making within organizations.

Harsh bankruptcy laws become exit barriers,but not significant barriers to entry.

Personal traits of entrepreneurs are no different than non-entrepreneurs.

A potential benefit of an initial public offering (IPO) :

Suppose you are convinced that you have a product/service that has a huge overseas potential but your funds are very limited and you do not wish to seek partners,investors,or creditors to exploit the opportunity. What can you do?

Are all visionary leaders entrepreneurs?

How might intrapreneurial activity be structurally encouraged?

When an entrepreneurial business fails it is likely to be because:

A successful economy,it is claimed,requires entrepreneurial activity because:

Entrepreneurship:

What are some of the features found in firms that have high levels of innovation and entrepreneurship?

Development of entrepreneurship around the world depends on avoiding the impact of formal institutions that govern how entrepreneurs start up new ventures.

There are striking differences in government regulations concerning start-ups.

Identify what is felt to motivate entrepreneurs.

Entrepreneurship is not the exclusive domain of small,young firms.

The industry changes that become an opportunity that an entrepreneur typically seeks to exploit can be: