.png){kind=logo}
PDF Download
FREE AND STUDY GAMES ABOUT ENTREPRENEURSHIP
EXAM QUESTIONS
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -78 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation
Question 1: Entrepreneurial orientation toward control of resources
Answer:
a focus on how to access others' resources
Question 2: Professional-support network
Answer:
individuals who help the entrepreneur in business activities
Question 3: Entrepreneurial resource
Answer:
the ability to obtain, and the recombine, resources into a bundle that is valuable, rare, and inimitable
Question 4: Superficial similarities
Answer:
exist when the basic (relatively easy to observe) elements of the technology resemble (match) the basic (relatively easy to observe) elements of the market
Question 5: Product planning and development process
Answer:
the stages in developing a new product
Question 6: Checklist method
Answer:
developing a new idea through a list of related issues
Question 7: Top management commitment
Answer:
managers in an organization strongly supporting corporate entrepreneurship
Question 8: Product development stage
Answer:
third stage in product development process
Question 9: Dual process model of coping with negative emotions
Answer:
involves oscillation between a loss orientation and a restoration orientation
Question 10: Entrepreneurial orientation toward commitment of resources
Answer:
a focus on how to minimize the resources that would be required in the pursuit of a particular opportunity
Question 11: Assets of newness
Answer:
positive implications arising from an organization's newness
Question 12: Parameter analysis
Answer:
developing a new idea by focusing on parameter identification and creative synthesis
Question 13: Culture
Answer:
the environment of a particular organization
Question 14: Window of opportunity
Answer:
the period of time when the environment is favorable for entrepreneurs to exploit a particular new entry
Question 15: Switching costs
Answer:
the costs that must be borne by customers if they are to stop purchasing from the current supplier and begin purchasing from another
Question 16: Product life cycle
Answer:
the stages each product goes through from introduction to decline
Question 17: Creative problem solving
Answer:
a method for obtaining new ideas focusing on the parameters
Question 18: Bricolage
Answer:
entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities
Question 19: Forced relationships
Answer:
developing a new idea by looking at product combinations
Question 20: Reverse brainstorming
Answer:
a group method for obtaining new ideas focusing on the negative
Question 21: Casual process
Answer:
a process that starts with a desired outcome and focuses on the means to generate that outcome
Question 22: Perceived desirability
Answer:
the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes
Question 23: Reflection tasks
Answer:
tasks designed to stimulate entrepreneurs to think about their understanding and feelings as they progress through the entrepreneurial process
Question 24: New entry
Answer:
offering a new product to an established or new market, offering an established product to a new market, or creating a new organization
Question 25: Comprehension questions
Answer:
questions designed to increase entrepreneurs' understanding of the nature of the environment
Question 26: Cognitive adaptability
Answer:
describes the extent to which entrepreneurs are dynamic, flexible, self-regulating, and engaged in the process of generating multiple decision frameworks focused on sensing and processing changes in their environments and then acting on them
Question 27: Structural similarities
Answer:
exist when the underlying mechanisms of the technology resemble (or match) the underlying mechanism of the market
.png)