Question 1

_____ typically enter established markets, providing a more traditional product or service to a local market.

Accepted Answer

The answer of _____ typically enter established markets, providing a...

Question 2

An intrapreneur acts within the confines of an existing organization.

Accepted Answer

A) True 
 B)False

Question 3

The traditional firm:

Accepted Answer

A) develops strategies needed to expand abroad at the time of the firm's founding. 
B) begins with a "borderless" view of the world. 
C) operates in the home country for many years and gradually evolves into international trade. 
D) focuses on achieving superior performance in international business from the inception of the firm. 
E) is defined as a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Question 4

IBM used _____ to enable broad collaboration, gain new perspectives on problems and challenges, and find important patterns and themes, all with the goal of accelerating decision making and action.

Accepted Answer

A) venture capitalism 
B) crowdsourcing 
C) organizational intrapreneurship 
D) bootstrapping 
E) social entrepreneurship

Question 5

Define a "born-global" firm.

Accepted Answer

The answer of Define a "born-global" firm....

Question 6

Intrapreneurship refers to a form of entrepreneurship that:

Accepted Answer

A) allows the hostile takeover of one organization by another. 
B) leads to the establishment of a new business. 
C) helps in the merger of two existing businesses. 
D) takes place in a business that is already in existence. 
E) helps in the demerger of an existing business.

Question 7

The computer would be considered a _____ technology for the typewriter.

Accepted Answer

The answer of The computer would be considered a _____...

Question 8

JetBlue has focused on low-cost strategy and has been able to achieve the lowest cost position in the industry by eliminating many services.However, it has also targeted overpriced but underserved markets.This is an example of:

Accepted Answer

A) a new-market disruption strategy. 
B) venture capitalism. 
C) an angel investment. 
D) social entrepreneurship. 
E) a hybrid-disruption strategy.

Question 9

The distinguishing feature of born-global firms is that their origins are international, as demonstrated by management's global focus and the commitment of certain types of resources to international activities.

Accepted Answer

A) True 
 B)False

Question 10

Efficiency-driven economies are economies that are typical in countries that compete on the basis of:

Accepted Answer

A) production processes and increased product quality. 
B) advanced corporate infrastructure and business practices. 
C) cutting-edge technological know-how. 
D) unskilled labor and natural resources. 
E) business sophistication and innovation.

Question 11

In order to operate effectively, businesses need to know that contracts are binding, that their property and intellectual property rights are protected, and that there is a fair system for handling disputes.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is an example of a factor-driven economy?

Accepted Answer

A) Turkey 
B) Belgium 
C) Denmark 
D) Uruguay 
E) Egypt

Question 13

The coexistence approach is one form of:

Accepted Answer

A) organizational intrapreneurship. 
B) bootstrapping. 
C) social entrepreneurship. 
D) venture capitalism. 
E) a born-global firm.

Question 14

Chad's economy is dependent on oil reserves and is very sensitive to world economic cycles, commodity prices, and fluctuations in exchange rates.Hence, one could term this economy as an example of:

Accepted Answer

A) an innovation-driven economy. 
B) a factor-driven economy. 
C) bootstrapping. 
D) venture capitalism. 
E) an efficiency-driven economy.

Question 15

New-market disruption refers to:

Accepted Answer

A) targeting noncustomers to create a new market that was previously ignored by the dominant players of the existing market. 
B) disruptive technology that appears at the low end of an industry offering. 
C) the propensity to act or decide without customary analysis or sufficient information. 
D) a formal statement of a set of business goals. 
E) establishing organizations, either for-profit or nonprofit, whose focus is to implement innovative solutions to societal problems.

Question 16

Adam Smith, social philosopher and economist, argued that the free-enterprise economic system encourages entrepreneurship because it permits individuals freedom to create and produce.

Accepted Answer

A) True 
 B)False

Question 17

_____ refer(s) to the annual assessment of the national level of entrepreneurial activity across countries, started as a partnership between London Business School and Babson College.

Accepted Answer

A) Doing Business Index 
B) Global Entrepreneurship Monitor 
C) Global Competitiveness Index 
D) Index of Economic Freedom 
E) The World Bank Doing Business Reports

Question 18

_____ are those consumers who buy technologies ahead of the curve.

Accepted Answer

The answer of _____ are those consumers who buy technologies...

Question 19

The executive summary highlights how the business operates on a day-to-day basis.

Accepted Answer

A) True 
 B)False

Question 20

_____ indicators measure how long it takes to complete a regulatory goal.

Accepted Answer

The answer of _____ indicators measure how long it takes...

Exam 11: Global Entrepreneurship and Intrapreneurship

_____ typically enter established markets, providing a more traditional product or service to a local market.

An intrapreneur acts within the confines of an existing organization.

The traditional firm:

IBM used _____ to enable broad collaboration, gain new perspectives on problems and challenges, and find important patterns and themes, all with the goal of accelerating decision making and action.

Define a "born-global" firm.

Intrapreneurship refers to a form of entrepreneurship that:

The computer would be considered a _____ technology for the typewriter.

JetBlue has focused on low-cost strategy and has been able to achieve the lowest cost position in the industry by eliminating many services.However, it has also targeted overpriced but underserved markets.This is an example of:

The distinguishing feature of born-global firms is that their origins are international, as demonstrated by management's global focus and the commitment of certain types of resources to international activities.

Efficiency-driven economies are economies that are typical in countries that compete on the basis of:

In order to operate effectively, businesses need to know that contracts are binding, that their property and intellectual property rights are protected, and that there is a fair system for handling disputes.

Which of the following is an example of a factor-driven economy?

The coexistence approach is one form of:

Chad's economy is dependent on oil reserves and is very sensitive to world economic cycles, commodity prices, and fluctuations in exchange rates.Hence, one could term this economy as an example of:

New-market disruption refers to:

Adam Smith, social philosopher and economist, argued that the free-enterprise economic system encourages entrepreneurship because it permits individuals freedom to create and produce.

_____ refer(s) to the annual assessment of the national level of entrepreneurial activity across countries, started as a partnership between London Business School and Babson College.

_____ are those consumers who buy technologies ahead of the curve.

The executive summary highlights how the business operates on a day-to-day basis.

_____ indicators measure how long it takes to complete a regulatory goal.