Question 1

People's judgment of a company's acceptance,appropriateness,and desirability,generally stemming from company goals and methods that are consistent with societal values,is known as:

Accepted Answer

A)   social capital.
B)   venture capital.
C)   legitimacy.
D)   reliability.
E)   consistency.F) A) and B)
G) A) and E)

Question 2

Bad economic times can:

Accepted Answer

A)   offer more opportunities to expand.
B)   make it easier to start a company.
C)   make it easier for survival.
D)   make it difficult to recruit talent.
E)   often provide early success to entrepreneurs.F) A) and E)
G) B) and E)

Question 3

Successfully fostering and managing intrapreneurship involves:

Accepted Answer

A)   discouraging bootlegging activities.
B)   focusing on one very large,innovative project.
C)   rewarding risk taking.
D)   spreading intrapreneurial efforts over many small-scale projects.
E)   minimizing aggressiveness with competitors.F) All of the above
G) D) and E)

Question 4

A great idea is one of the essential ingredients in a successful entrepreneurial venture.

Accepted Answer

A) True 
 B)False

Question 5

Most small business ventures are in the _____ category of the entrepreneurial strategy matrix.

Accepted Answer

A)   high innovation / high risk
B)   low innovation / low risk
C)   high innovation / low risk
D)   low innovation / high risk
E)   high investment / low riskF) D) and E)
G) A) and B)

Question 6

Entrepreneurs are frequently challenged by an aversion to record keeping.

Accepted Answer

A) True 
 B)False

Question 7

Generally,the first formal planning step is 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.F) A) and D)
G) D) and E)

Question 8

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

Accepted Answer

A)   intrapreneur.
B)   independent entrepreneur.
C)   sole proprietor.
D)   venture capitalist.
E)   franchiseE.F) A) and D)
G) B) and C)

Question 9

List and explain a few myths about entrepreneurs.

Accepted Answer

Sure, here are a few myths about entrepr...

Question 10

Allegra independently owns and operates Southwest Style,a small business with about 30 employees.She is happy with the size of her business and the average profits it generates.From this scenario,Allegra's business can be considered an entrepreneurial venture.

Accepted Answer

A) True 
 B)False

Question 11

An entrepreneurial orientation includes being proactive and competitively aggressive.

Accepted Answer

A) True 
 B)False

Question 12

Amelie decides to offer one of her subordinates,Jason,his pick of tasks on a new project in exchange for his vocal support of it at an upcoming meeting.In this case,Amelie is:

Accepted Answer

A)   making cheerleaders.
B)   bootlegging.
C)   horse trading.
D)   clearing the investment.
E)   getting the blessing.F) A) and C)
G) B) and C)

Question 13

In Scenario A,Chelsea's business would be considered an example of a(n) :

Accepted Answer

A)   franchise.
B)   intrapreneurship.
C)   skunkwork.
D)   consortium.
E)   entrepreneurship.F) All of the above
G) A) and B)

Question 14

An entrepreneurial venture has growth and high profitability as primary objectives.

Accepted Answer

A) True 
 B)False

Question 15

Bringing buyers and sellers together and charging a commission for each sale is known as the _____ model.

Accepted Answer

A)   transaction fee
B)   advertising support
C)   intermediary
D)   affiliate
E)   subscriptionF) All of the above
G) None of the above

Question 16

What characteristics do successful entrepreneurs who are decisive,tenacious,disciplined,and willing to sacrifice possess?

Accepted Answer

A)   Leadership
B)   Commitment and determination
C)   Opportunity obsession
D)   Creativity,self-reliance,and ability to adapt
E)   Motivation to excelF) A) and D)
G) A) and C)

Question 17

Chelsea's objectives for her business is to attain high growth and profits,which is an example of a(n) ____.

Accepted Answer

A)   small business
B)   joint venture
C)   entrepreneurial venture
D)   skunkworks
E)   business incubatorF) All of the above
G) C) and D)

Question 18

Franchising is an entrepreneurial alliance between two organizations.

Accepted Answer

A) True 
 B)False

Question 19

The best business plans convey five key factors: the people,the opportunity,the competition,the context,and risk and reward.

Accepted Answer

A) True 
 B)False

Question 20

A new business having growth and high profitability as primary objectives is a(n) :

Accepted Answer

A)   business incubator.
B)   consortium.
C)   pop-up store.
D)   entrepreneurial venture.
E)   small business.F) A) and E)
G) D) and E)

Exam 7: Entrepreneurship

Generally,the first formal planning step is to:

Correct AnswerverifiedShow Answer

The best business plans convey five key factors: the people,the opportunity,the competition,the context,and risk and reward.

Correct AnswerverifiedShow Answer

An entrepreneurial venture has growth and high profitability as primary objectives.

Correct AnswerverifiedShow Answer

A great idea is one of the essential ingredients in a successful entrepreneurial venture.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A new business having growth and high profitability as primary objectives is a(n) :

Correct AnswerverifiedShow Answer

Entrepreneurs are frequently challenged by an aversion to record keeping.

Correct AnswerverifiedShow Answer

Amelie decides to offer one of her subordinates,Jason,his pick of tasks on a new project in exchange for his vocal support of it at an upcoming meeting.In this case,Amelie is:

Correct AnswerverifiedShow Answer

What characteristics do successful entrepreneurs who are decisive,tenacious,disciplined,and willing to sacrifice possess?

Correct AnswerverifiedShow Answer

Successfully fostering and managing intrapreneurship involves:

Correct AnswerverifiedShow Answer

People's judgment of a company's acceptance,appropriateness,and desirability,generally stemming from company goals and methods that are consistent with societal values,is known as:

Correct AnswerverifiedShow Answer

Franchising is an entrepreneurial alliance between two organizations.

Correct AnswerverifiedShow Answer

Chelsea's objectives for her business is to attain high growth and profits,which is an example of a(n) ____.

Correct AnswerverifiedShow Answer

An entrepreneurial orientation includes being proactive and competitively aggressive.

Correct AnswerverifiedShow Answer

Allegra independently owns and operates Southwest Style,a small business with about 30 employees.She is happy with the size of her business and the average profits it generates.From this scenario,Allegra's business can be considered an entrepreneurial venture.

Correct AnswerverifiedShow Answer

Bad economic times can:

Correct AnswerverifiedShow Answer

List and explain a few myths about entrepreneurs.

Correct AnswerAnswered by ExamLex AISure, here are a few myths about entrepr...View AnswerShow Answer

Most small business ventures are in the _____ category of the entrepreneurial strategy matrix.

Correct AnswerverifiedShow Answer

Bringing buyers and sellers together and charging a commission for each sale is known as the _____ model.

Correct AnswerverifiedShow Answer

In Scenario A,Chelsea's business would be considered an example of a(n) :

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Sure, here are a few myths about entrepr...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified