mgt 492 exam 1 prep

Which of the following statements is false? a. Entrepreneurs want the authority to make important decisions. b. Management skills are not important characteristics for entrepreneurs to possession. c. Successful entrepreneurs strive to build a successful team around them. d. An entrepreneur can develop the vision of the company over time.

B

16. Ray Krocs development of mcdonalds would be a good illustration of which form of innovation? a. invention b. extension c. duplication d. synthesis

b

In an innovative climate failure is viewed as: a. the end of the world b. a learning experience c. ok inevitable since the employee is probably not capable of further innovative thought. d.a basis for firing

b

Rewards should be based upon _____ to encourage the desired behavior a. sensory b.results c. attitude d. morale

b

Which of the following is NOT considered in the Framework of Frameworks approach? a. integrative b.collaborative c.process d.life cycle

b

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 knkowledge d. incubation and experience

b

During the past 10 years, new business incorporations averaged nearly 400,000 per year. True or False?

True

Entrepreneur are aggressive catalyst for change within the marketplace. True or False?

True

Gazelle's do not always get venture capital funding. True or False?

True

Stress on the entrepreneurs can be caused both internally and by other people? True or False?

True

9. The "Dark Side" of entrepreneurship refers to a. destructive force within the energetic drive of entrepreneurs. b. the part of entrepreneurship that is most exciting. c. a misunderstanding about the results of entrepreneurship. d. another myth of entrepreneurship

a

Entrepreneurs themselves perceive the concept of risk in which of the following ways? a.calculated risk taking b. gambling risk c. distorted risk d. social risk

a

Which of the following statements about social entrepreneurship is not true? a. social entrepreneurship is limited to the world of non-for-profit corporations. C.Social entrepreneurship has in recent years been the subject of widespread media attention. d. Social entrepreneurship adopts some of the same principles that have been effective in successful entrepreneurship.

a

10. The major thrust of corporate entrepreneurship is to: a. encourage greater risk taking b. raise profitability c. encourage innovation d.increase morale

c

The first of the five steps for entering the international market is a.securing adequate finance b. filing the proper documents c.conducting research d. preparing a feasbility study

c

8. Which of the following is not a source of stress according to researchers Boyd and Gumpet? a.loneliness b. people problems c. immersion in business d. family requirements

d