Question 1

Which of the following online businesses is the most likely to use the transaction fee model?

Accepted Answer

A)  A newspaper
B)  A specialized encyclopedia
C)  A do-it-yourself auction site
D)  A clothing retailer
E)  A search engine

Question 2

During the formal planning process, after the current assessment, if Abdul still believes in the potential of the venture, he should proceed with a(n)  ____.

Accepted Answer

A)  environmental analysis
B)  SWOT analysis
C)  promotional plan
D)  opportunity analysis
E)  business plan

Question 3

_____ are also referred to as corporate entrepreneurs.

Accepted Answer

A)  Franchisors
B)  Intrapreneurs
C)  Knowledge workers
D)  Sole proprietors
E)  Franchisees

Question 4

Protected environments for new, small business are known as _____.

Accepted Answer

A)  business incubators
B)  business accelerators
C)  business shelters
D)  skunkworks
E)  bootleggers

Question 5

_____ are project teams designated to produce new, innovative products.

Accepted Answer

A)  Bootleggers
B)  Skunkworks
C)  Intrapreneurs
D)  Affiliates
E)  Incubators

Question 6

Discuss the entrepreneurial strategy matrix, including the characteristics of each cell. Provide an example of a business that would be located in each cell, and explain the usefulness of the model to entrepreneurs.

Accepted Answer

The entrepreneurial strategy matrix is a...

Question 7

Aleta is developing a new software company. She locates her business in an industrial park that offers low rent and shared support staff to start-up companies. This is an example of a _____.

Accepted Answer

A)  skunkworks
B)  spin-off
C)  franchise
D)  bootlegging operation
E)  business incubator

Question 8

The primary objective of an entrepreneurial venture is to

Accepted Answer

A)  provide non-profit services.
B)  create a stable small business.
C)  reduce the amount of dividends paid.
D)  acquire growth and high profitability.
E)  increase the social capital.

Question 9

In Scenario A, Elle's business venture is an example of a(n)  ____.

Accepted Answer

A)  skunkworks
B)  consortium
C)  franchise
D)  entrepreneurship
E)  interpreneurship

Question 10

Entrepreneurship occurs when an enterprising individual pursues a(n)  _____.

Accepted Answer

A)  safe career
B)  risky business gamble
C)  imitative path
D)  lucrative opportunity
E)  passive position

Question 11

According to the entrepreneurial strategy matrix, Mei's scenario can be described as involving

Accepted Answer

A)  low innovation/high risk.
B)  low innovation/low risk.
C)  high innovation/low risk.
D)  high innovation/high risk.
E)  high investment/no risk.

Question 12

In the subscription model for e-commerce, fees are charged to bring buyers and sellers together.

Accepted Answer

A) True 
 B)False

Question 13

Successfully fostering and managing intrapreneurship requires the company to

Accepted Answer

A)  discourage bootlegging activities.
B)  focus on one very large, innovative project.
C)  reward risk taking.
D)  spread intrapreneurial efforts over many small projects.
E)  minimize aggressiveness with competitors.

Question 14

An entrepreneur who is decisive, tenacious, disciplined, and willing to make sacrifices demonstrates which of the following characteristics?

Accepted Answer

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

Question 15

Which of the following online businesses uses the intermediary model of e-commerce?

Accepted Answer

A)  eBay
B)  iTunes
C)  Google
D)  Travelocity
E)  Amazon

Question 16

One primary reason that entrepreneurs start their own firms is that they

Accepted Answer

A)  won't have to work as hard.
B)  can do as they please.
C)  dislike the bureaucracy in corporate life.
D)  are on a quest for power.
E)  like to manipulate and control people.

Question 17

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.

Question 18

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

Accepted Answer

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

Question 19

Explain how an organization can go public and why many entrepreneurs prefer not to go public.

Accepted Answer

The answer of Explain how an organization can go public...

Question 20

Which of the following is the fundamental reason for creating an opportunity analysis?

Accepted Answer

A)  To obtain financing
B)  To negotiate agreements with suppliers
C)  To excite potential customers
D)  To analyze whether or not to proceed
E)  To work out the details of marketing, finance, and manufacturing

Exam 7: Entrepreneurship

_____ are also referred to as corporate entrepreneurs.

Correct AnswerverifiedShow Answer

Which of the following online businesses uses the intermediary model of e-commerce?

Correct AnswerverifiedShow Answer

_____ are project teams designated to produce new, innovative products.

Correct AnswerverifiedShow Answer

Explain how an organization can go public and why many entrepreneurs prefer not to go public.

Correct AnswerverifiedShow Answer

According to the entrepreneurial strategy matrix, Mei's scenario can be described as involving

Correct AnswerverifiedShow Answer

An entrepreneur who is decisive, tenacious, disciplined, and willing to make sacrifices demonstrates which of the following characteristics?

Correct AnswerverifiedShow Answer

Successfully fostering and managing intrapreneurship requires the company to

Correct AnswerverifiedShow Answer

Which of the following online businesses is the most likely to use the transaction fee model?

Correct AnswerverifiedShow Answer

During the formal planning process, after the current assessment, if Abdul still believes in the potential of the venture, he should proceed with a(n) ____.

Correct AnswerverifiedShow Answer

In Scenario A, Elle's business venture is an example of a(n) ____.

Correct AnswerverifiedShow Answer

Which of the following is the fundamental reason for creating an opportunity analysis?

Correct AnswerverifiedShow Answer

Discuss the entrepreneurial strategy matrix, including the characteristics of each cell. Provide an example of a business that would be located in each cell, and explain the usefulness of the model to entrepreneurs.

Correct AnswerAnswered by ExamLex AIThe entrepreneurial strategy matrix is a...View AnswerShow Answer

Aleta is developing a new software company. She locates her business in an industrial park that offers low rent and shared support staff to start-up companies. This is an example of a _____.

Correct AnswerverifiedShow Answer

Entrepreneurship occurs when an enterprising individual pursues a(n) _____.

Correct AnswerverifiedShow Answer

One primary reason that entrepreneurs start their own firms is that they

Correct AnswerverifiedShow Answer

Protected environments for new, small business are known as _____.

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

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

Correct AnswerverifiedShow Answer

In the subscription model for e-commerce, fees are charged to bring buyers and sellers together.

Correct AnswerverifiedShow Answer

The primary objective of an entrepreneurial venture is to

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
The entrepreneurial strategy matrix is a...
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