____ people thoroughly understand the concept of corporate entrepreneurship.
a. Just about all
b. Most
c. Many
d. Few
In the study of contemporary entrepreneurship, one concept reoccurs:
a. no one understands the field
b. folklore dominates the studies
c. there is no theoretical base
d. entrepreneurship is interdisciplinary
In restructuring corporate thinking, top management should
a. identify potential entrepreneurs after an innovation program is in operation.
b. make the entrepreneur follow strict corporate guidelines.
c. promote entrepreneurship through experimentation.
d. create diversity and order in strategic activities.
Intrapreneurship is also referred to as:
a. inside entrepreneurship
b. internal entrepreneurship
c. corporate entrepreneurship
d. outside entrepreneurship
Entrepreneurial persistence is related to
a. the entrepreneur’s outcomes meeting his or her expectations
b. focusing on personal goals
c. implementing problem-solving techniques
d. avoiding counterinfluences to entrepreneurship
______________ is the economic basis for all entrepreneurial activity.
a. Individuality
b. Capitalism
c. Voodoo economics
d. Free enterprise
What is skimming?
a. setting price to maximize profit
b. setting price to maximize market share
c. setting price to switch customers to new product lines
d. setting price to match the competition
The sales-driven philosophy
a. is based on the belief ‘produce efficiently and worry about sales later’
b. relies on research to discover consumer preferences before production begins
c. focuses on personal selling and advertising to persuade customers to buy the
company’s output
d. is strictly cost-driven
What are the four types of innovation?
a. invention, extension, synthesis, duplication
b. extension, retention, analysis, duplication
c. synthesis, extension, retention, analysis
d. analysis, synthesis, duplication, retention
Which of the following are keys to understanding opportunity and its development for
entrepreneurs?
a. creativity and capital
b. innovation and creativity
c. background and knowledge
d. incubation and experience
Which of the following falls under Chapter 7 bankruptcy?
a. The debtor surrenders most property to a court trustee.
b. The debtor fails to file income taxes.
c. The debtor is relieved of obligations.
d. The debtor is arrested.
With persistent problem solving, entrepreneurs
a. must daydream all day.
b. can’t multi-task.
c. think anything is possible.
d. are always working.
Which of the following terms would be associated with the left hemisphere of the
brain?
a. nonrational
b. nonverbal
c. abstract
d. imagining
When using trend line analysis, how many periods are required?
a. three
b. two
c. one
d. five
Key features in the success of any innovative program include all of the following
except
a. confidence.
b. trust.
c. accountability.
d. high profitability.
Ecopreneurship is a combination of ecologically and economically sustainable
development.
Entrepreneurs must fit the ‘profile.’
Political, cultural, and economic displacement are all part of the displacement school of
entrepreneurial thought.
Avoiding start-up costs is a factor to consider when valuing a business.
Many inventions and innovations are a result of inventors seeing new and different
relationships among objects, processes, materials, technologies, and people.
Trademark registration and search is not costly.
The registration of a trademark last for 40 years, with continuous renewal every 10
years.
Innovation is planned and predictable.
The generation of the twenty-first century may become known as generation E because
it is becoming the most entrepreneurial generation since the Industrial Revolution.
The business plan is a critical element in a new-venture proposal.