________ involves the recognition, evaluation, and exploitation of opportunities that
create social value as opposed to personal or shareholder wealth.
A) Corporate social entrepreneurship
B) Intrapreneurship
C) Intrepreneurship
D) Corporate entrepreneurship
E) Social entrepreneurship
Which of the following is the ability to use information to determine whether a problem
has arisen that is blocking implementation?
A) allocating skill
B) interacting skill
C) monitoring skill
D) organizing skill
E) tactical skill
Beth heads the team of designers at La Belle, Inc., a well-known brand for designer
bags. She is an extraordinary designer herself and is also an excellent manager to her
team. In the past, La Belle has successfully implemented many of her innovative ideas
to their benefit. The company has now decided that Beth should be given the
responsibility of managing their new business unit that specializes in clothes, shoes, and
other accessories. What type of entrepreneurship is displayed in this scenario?
A) intrapreneurship
B) creative destruction
C) corporate social entrepreneurship
D) social entrepreneurship
E) corporate entrepreneurship
Which of the following is a disadvantage of division of labor?
A) It makes the work more difficult.
B) It makes work more time-consuming and inefficient.
C) It can result in workers getting bored of their work.
D) It prevents workers from specializing at a task.
E) It requires workers to know about the entire process and not just one task.
Which of the following is a disadvantage of programmed learning as a training method?
A) Programmed learning methods do not lend themselves easily to computerization.
B) The limited time period of programmed learning modules are disadvantageous to
students who prefer to learn at their own pace.
C) Programmed learning approaches are not conducive for encouraging students’ active
participation in the learning process.
D) With programmed learning, there is no one present to answer a confused learner’s
questions.
E) Students using programmed learning approaches are often confused as they cannot
immediately know whether they are right or wrong.
Which of the following is an example of a modern capacity strategy?
A) Construct large plants that perform all the value adding activities.
B) Produce more than the actual demand to minimize customer dissatisfaction.
C) Build large specialized plants with the potential for expansion.
D) Construct smaller and more specialized plants that focus on a few tasks.
E) Produce less than the actual demand to reduce the costs of operation.
Grid organization development technique is commonly used for ________.
A) changing people in organizations
B) designing structural changes
C) evaluating structural changes
D) evaluating technical changes
E) changing business processes
Which of the following best describes an angel investor?
A) Families and friends of an entrepreneur are not angel investors.
B) Angel investors raise money and then use this money to make investments in new
firms.
C) Angel investors make fewer investments than venture capitalists.
D) Angel investors focus on a small number of industries.
E) Angel investors provide the initial financing to start-up ventures.
Having too many alternatives may demotivate decision makers, which harms decision
making. This is known as the ________.
A) bandwagon effect
B) confirmation bias
C) paradox of choice
D) loss aversion effect
E) confidence bias
Which of the following is an example of an organization undertaking social
responsibility measurements in the social investment area?
A) Blanc Co., a mobile manufacturer, donates $10 million to Lance Armstrong Cancer
Foundation.
B) Caterpillar, the world’s largest manufacturer of construction and mining equipment,
replaces its old machinery and equipments to reduce workers injuries.
C) Glance, a textile manufacturing company, increases its workers pay after its union
declared a strike to demand pay hikes.
D) Glasco Computers, a computer hardware manufacturer, makes sure that it abides by
the law while catering to its customers’ needs.
E) UCB, a fashion and apparel company, opens six factories in different locations in
China.
Which of the following is a correct statement concerning transformational leadership,
coaching leadership, entrepreneurial leadership, and superleadership?
A) These styles can be combined to generate a unique style of leadership.
B) These styles are considered mutually exclusive.
C) Transformational leadership is the best form of leadership .
D) Entrepreneurial leadership is considered a better style than the other three styles.
E) Superleadership is a form of entrepreneurial leadership.
Standing plans and single-use plans are examples of which dimension of planning?
A) time
B) level
C) scope
D) repetitiveness
E) environment
Which of the following actions suggests that an individual is following the golden rule?
A) Acting in a way you would expect others to act toward you.
B) Taking actions that would be viewed as proper by a disinterested panel of
professional peers.
C) Acting in a way that results in the greatest good for the greatest number of people.
D) Taking actions that abide by the laws of the state.
E) Acting in a way that the action taken under the circumstances could be a universal
law of behavior.
________ refers to the activities and investments committed to gain returns from the
new product or service arising from the opportunity.
A) Exploitation
B) Information asymmetry
C) Entrepreneurial risk
D) Illusion of control
E) Social value
In Alderfer’s ERG theory, which of the following refers to the need for physical
well-being?
A) relatedness need
B) esteem need
C) existence need
D) growth need
E) goal need
Planning for diversity involves ________.
A) setting recruitment goals for members of underrepresented groups
B) establishing task forces or committees to explore issues and provide ideas
C) overseeing compliance with the legal stipulations of EEOC and affirmative action
D) evaluating the extent to which diversity goals are being achieved
E) managers encouraging and supporting employees to participate constructively in a
diverse work environment
Aptitude tests measure ________.
A) the level of skill or knowledge an individual possesses in a certain area
B) an individual’s interest in performing various kinds of jobs
C) the potential of an individual to perform a task
D) an individual’s personality dimensions in such areas as emotional maturity,
subjectivity, honesty, and objectivity
E) an individual’s response to stressful situations in order to assess his/her presence of
mind