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Success of the corporate entrepreneurship plan depends on
a. resources provided by the firm.
b. shirking ethics to ensure entrepreneurial wins.
c. a few individuals.
d. the reaction of rivals.
Secretly working on new ideas on company time as well as on personal time is referred
to as
a. skunk works.
b. champion.
c. bootlegging.
d. interactive learning.
All of the following are characteristics of a creative climate except
a. a large variety of personality types.
b. an enjoyment in experimenting with new ideas.
c. restricted communication with outsiders.
d. a willingness to accept change.
Which of the following is not a reason for the lack of planning in new ventures?
a. time scarcity
b. lack of trust
c. lack of dominance
d. lack of knowledge
In recent studies of new venture problems, dominant problems at start-up were related
to:
a. regulatory environment
b. sales/marketing
c. production/operations
d. none of the above
Business-related reasons for selling may include all except:
a. trouble with suppliers.
b. changes in leasehold conditions.
c. changes in zoning that affect the business.
d. all of the above
The entrepreneurial motivations of individuals usually relate to which of the following
factors?
a. the environment
b. the entrepreneur
c. the venture
d. all of the above
Comparing financial numbers in order to make decisions is referred to as:
a. ratio analysis.
b. debt reduction.
c. comparable fractions.
d. descriptive statistics.
A key question to ask when buying an on-going small business is which of the
following?
a. How old is the business?
b. Where should you retire someday?
c. Can you become a millionaire by buying this business?
d. How many personnel are going to remain?
In following the rules for innovation, a manager should do all of the following except
a. encourage action.
b. use formal meetings whenever possible.
c. punish failure.
d. reward performance.
The four phases in the creative process in order are
a. background or knowledge accumulation, incubation, idea experience, and evaluation
and implementation.
b. idea experience, background or knowledge accumulation, incubation, and evaluation
and implementation.
c. incubation, background or knowledge accumulation, idea experience, and evaluation
and implementation.
d. evaluation and implementation, idea experience, incubation, and background or
knowledge accumulation.
Several aspects distinguish social media marketing from the traditional marketing. The
textbook discusses all of the following except:
a. relevancy
b. control versus contributions
c. trust building
d. two-way communication
Which of the following is not a type of innovation?
a. invention
b. duplication
c. adaptation
d. synthesis
Which of the following are questions an entrepreneur can ask to gain insight into the
viability of a venture?
a. Is it proprietary?
b. Are the initial production costs realistic?
c. Is the potential market large?
d. All of the above are correct.
Which is not one of the major sections of the bankruptcy act?
a. straight bankruptcy
b. reorganization
c. adjustments of debts
d. liquidation
Independence and autonomy are the major driving forces behind which of the following
types of ventures?
a. small unprofitable ventures
b. corporate ventures
c. lifestyle ventures
d. high-growth ventures
A disadvantage of debt financing is
a. regular interest payments.
b. possible cash flow enhancement.
c. inhibition of growth and development due to equity investments.
d. relinquishment of ownership.
A copyright provides exclusive rights to creative individuals for the protection of their
artistic productions.
Gazelles produced 5 million jobs despite the continual downsizing in major
corporations over the last decade.
Only three in ten privately held enterprises make it to a second generation.
Trace the evolution of entrepreneurship, list the persons who wrote about it, and
describe its impact on economic development.
Explain the new marketing concept?
Much franchise litigation has arisen over termination of owners.
