Professional Documents
Culture Documents
Entrepreneurship Development
Entrepreneurship Development
6. (C)
7. (C)
8 (D)
9 (B)
10 (B)
1. Resources will change as the organisation's purpose changes. In addition, they will also be influenced by what is
happening outside in the environment.
A. True
B. False
2. Which of the following is not an internal factor affecting organisational purpose?
A. Leadership
B. Innovation
C. Ownership
D. Co-operation
3. What, according to Nelson and Winter, is the critical factor constraining an organisation's ability to develop its
resource capabilities?
A. Investment funds
B. Organisational routines
C. Innovation and entrepreneurship
D. Availability of new resources in the market
4. The overall result of Scumpter's view of resource dynamics is that resource configurations develop over time,
they are constrained by what has gone before and they require investment if they are to continue.
A. True
B. False
5. Which of the following is an example of an early-mover advantage?
A. Developing intangible barriers to imitation
B. Legal barriers to imitation
C. Exploiting market size and scale economies
D. Building networks of complementors
6. Which of the following is not one of the ways in which resource advantages can be sustained and protected from
imitation?
A. Incremental improvements in the product or service
B. Exploiting market size and scale economies
C. Legal barriers to imitation
D. Entering into exclusive distribution contracts
7. In discussing the dynamics of competitive advantage, who said: "Strategy is as much about competing for
tomorrow's industry as it is about competing within today's industry structure"?
A. Alfred Chandler
B. Henry Mintzberg
C. Gary Hamel and C.K. Prahalad
D. Michael Porter
8. Which strategy guru is famed for his scepticism concerning the possibility of making accurate predictions about
environmental change on which to base strategy?
A. Henry Mintzberg
B. Michael Porter
C. Igor Ansoff
D. Richard Rumelt
9. Richard Rumelt has given a number of reasons why organisations that can see environmental changes coming still
do not react appropriately. Which of the following is not one of them?
A. Ostrich mentality
B. Distorted perception
C. Political deadlocks
D. Failed creative response
E. Action disconnects
F. Dulled motivation
10. What two factors are the principal determinants of the dynamics of fast-moving markets?
A. The pace and nature of technological innovation
B. Fashion and change
C. Competition and regulation
D. Market opportunity and market share
6. (D)
7. (C)
8 (A)
9 (A)
10 (A)
A.
B.
C.
D.
Low costs
Government support
Investment in infrastructure
Entrepreneurship
6. (A)
7. (A)
8 (C)
9 (A)
10 (B)
1. The distinction between an "entrepreneur" and "small business owner" , if made, revolves around:
A. really nothing; they are truly one and the same
B. the Small Business Administration definitions
C. whether the business is an Internet based one or not
D. the risk taking or re-invention of a business vs. someone who "simply" starts a business or buys an existing
one
2. Which of the following was NOT one of the classifications of entrepreneurs presented in our text?
A. Franchise entrepreneur
B. Classic entrepreneur
C. Multipreneur
D. Intrapreneur
3. The primary reason entrepeneurs start companies is to:
A. prove they could do it
B. recover from a layoff
C. create something new
D. control their own lives
4. One study found that entrepreneurs tend to demonstrate all of the following traits except:
A. opinionated
B. emotionally aloof
C. calm
D. focused
E. aggressive
5. One reason for the growth in small businesses relates to the trend for larger business to downsize by contracting
with smaller firms to do many of the functions once done internally. This is referred to as:
A. contracting
B. outsourcing
C. specializing
D. entrepreneuring
6. The technical characteristics of the small business would include all of the following except:
A. independently managed
B. owned by an individual or a small group of investors
C. based locally, even though the market might be widespread
D. significant influence in its industry
7. Which of the following might be termed a disadvantage faced by the small business?
A. greater flexibility
B. greater ability to serve specialized markets
C. extreme personal commitment of the owner
D. more personal service
8. The financial assistance to small business provided by the Small Business Administration takes the form of:
A. direct loans
B. guidance in locating lenders
C. loan guarantees
D. assistance in filling out paperwork
9. Key features of a well written business plan would include all of the following except:
A. financial plan
B. description of the product
C. .an analysis of the market
D. .review of the advertising firms analyzed
10. When buying an existing business, to cover the possibility that existing customers might go with the old owners
if they decide to open a similar business, a purchasing buyer might include in the contract:
A. a waiver of protection
B. a penalty fee
C. a noncompete clause
D. a structural fine
11. The Small Business Administration estimates that almost ______ of all new businesses fail by the end of the
sixth year.
A. one eighth
B. one third
C. one fourth
D. two thirds
12. To avoid the problems associated with running a new business, the use of consultants is viewed as helpful. One
of the types of consultants most frequently at the top of the list recommended would be the:
A. CPA
B. MBA
C. PhD
D. CLU
13. After considering the general labor shortage of the late 1990's, one of the primary difficulties experienced by
small business owners in attracting good employees is:
A. they can't offer flexible hours
B. they can't match salaries, benefits, and advancement potential of the larger firms
C. they can't offer benefits
D. they can't offer overseas business travel
14. One of significant changes in small business ownership starting in the 1990's and continuing through today is:
A. the shift toward manufacturing
B. the shift towards the southwest
C. the shift towards franchising
D. the shift towards home based businesses
15. Entrepreneurs are getting:
A. younger all the time
B. older by increasing numbers due to downsizing
C. harder to find
D. more set in their ways
6. (D)
7. (C)
8 (C)
9 (D)
10 (C)
11(D)
12(A)
13(B)
1. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction?
A. Development of a new product
B. Take-over of a competitor
C. Issuing shares
D. Reducing prices
2. An advantage of the small firm in the innovation process?
A. Ability to carry out R&D
B. Ability to raise finance
C. Ability of the entrepreneur to carry out multiple tasks
D. Ability of the entrepreneur to act on new ideas or product development
3. External links may provide incentives to:
A. Raise finance
B. Introduce new working practices
C. Introduce improvements to products
D. Attend business exhibitions
4. Firms located on science parks compared to those located off science parks are:
A. More innovative
B. Less innovative
C. No more or less innovative
6. (C)
7. (D)
8 (A)
9 (B)
10 (C)
1. Which type of feminist believes that men and women are equal?
A. Liberal
B. Objective
C. Postmodern
D. Difference
2. Which type of feminist finds important differences between men and women that are arbitrary and flexible?
A. Essentialist
B. Liberal
C. Marxist
D. Postmodern
6. (C)
7. (D)
8 (D)
9 (C)
10 (B)
1. Which of the following is the term for a bargaining strategy that combines separate issues into one negotiation?
A.
B.
C.
D.
Compellence
Entente
Dtente
Linkage
2. While constructivists might emphasize a powerful logic of appropriateness in state decision-making, realists
emphasize a logic of
A. consequences.
B. organizational process.
C. self-preservation.
D. collective security.
3. Postmodernism calls into question the value of which of the following?
A. The very notion of states as unitary actors
B. Focusing on any actors other than states in the study of international relations.
C. Looking at how people talk or write about international relations.
D. Academic scholarship in international relations
4. According to the chapter, constructivists are interested in which of the following?
A. Inequality between states
B. The link between the interests and capabilities of states
C. The gender of the leaders of states
D. The connection between the interests and identities of states
5. The generalization defined as "democratic peace" means that democracies almost never fight
A. without alliances.
B. authoritarian governments.
C. in opposition to the UN.
D. each other.
6. Constructivists believe that norms spread globally thanks to the activities of _________________
A. postmodernists.
B. idealist entrepreneurs.
C. globalists.
D. norm entrepreneurs.
7. Marxists believe that unequal relations between ______________ shape international relations.
A. classes
B. states
C. colonies
D. organizations
8. What did Lenin believe would be the outcome of exploitation of the poor countries in the South by the
industrialized North?
A. Revolution in the North
B. Revolution in the South
C. Big profits in the South
D. War between states in the South
9. Peace Studies scholars believe that positive peace can be achieved throught the efforts of ___________.
A. positivists
B. the world government
C. peace movements
D. militarists
10. Neoliberals believe that acting according to the principle of _________ promotes cooperation and helps to
6. (D)
7. (A)
8 (B)
9 (C)
10 (C)