ELE 3010 QUIZ 2 EXAMPREP 2026 COMPLETE
QUESTIONS AND ANSWERS ALREADY PASSED
◉ By delaying entry, late movers:
Answer: can learn from the actions of first movers without incurring
the same costs.
◉ A reflection task would involve thinking about what strategies
should be used to solve a problem. (T/F)
Answer: False
◉ A new entry includes all of the following except:
Answer: Creating a new brand name for your company.
◉ The period of time when the environment is favorable for
entrepreneurs to exploit a particular new entry is called the window
of opportunity. (T/F)
Answer: True
◉ Newness of a new entry is always an advantage. (T/F)
Answer: False
,◉ In the McMullen-Shepherd Model the first stage is the evaluation
stage.
Answer: False
◉ In regards to the differences between the entrepreneurial and
administrative focuses which of the following is correct?
Answer: Entrepreneurs rent or sporadically use resources;
managers like to own resources.
◉ Generally, independent, venture-capital based start-ups by
entrepreneurs tend to outperform corporate start-ups significantly.
(T/F)
Answer: True
◉ The McMullen-Shepherd Model helps to identify the common
traits of successful entrepreneurs. (T/F)
Answer: False
◉ Which is NOT a leadership characteristic of corporate
entrepreneur according to the text?
Answer: Encourages colleagues to follow hierarchy.
◉ _________ includes initiative and risk taking, as well as competitive
aggressiveness and boldness.
, Answer: Proactiveness
◉ The basic building blocks to a firm, or the inputs into the
production process, are:
Answer: resources
◉ Corporate entrepreneurship is best described as:
Answer: entrepreneurial action within an organization.
◉ Entrepreneurially run firms are driven by controlled resources
whereas traditionally managed firms are managed by perception of
opportunity. (T/F)
Answer: False
◉ Entrepreneurial opportunities are those situations in which new
goods, services, raw materials, and organizing methods can be sold
at greater than production cost. (T/F)
Answer: True
◉ Offering a small product range to a small number of customer
groups is:
Answer: a narrow-scope strategy
QUESTIONS AND ANSWERS ALREADY PASSED
◉ By delaying entry, late movers:
Answer: can learn from the actions of first movers without incurring
the same costs.
◉ A reflection task would involve thinking about what strategies
should be used to solve a problem. (T/F)
Answer: False
◉ A new entry includes all of the following except:
Answer: Creating a new brand name for your company.
◉ The period of time when the environment is favorable for
entrepreneurs to exploit a particular new entry is called the window
of opportunity. (T/F)
Answer: True
◉ Newness of a new entry is always an advantage. (T/F)
Answer: False
,◉ In the McMullen-Shepherd Model the first stage is the evaluation
stage.
Answer: False
◉ In regards to the differences between the entrepreneurial and
administrative focuses which of the following is correct?
Answer: Entrepreneurs rent or sporadically use resources;
managers like to own resources.
◉ Generally, independent, venture-capital based start-ups by
entrepreneurs tend to outperform corporate start-ups significantly.
(T/F)
Answer: True
◉ The McMullen-Shepherd Model helps to identify the common
traits of successful entrepreneurs. (T/F)
Answer: False
◉ Which is NOT a leadership characteristic of corporate
entrepreneur according to the text?
Answer: Encourages colleagues to follow hierarchy.
◉ _________ includes initiative and risk taking, as well as competitive
aggressiveness and boldness.
, Answer: Proactiveness
◉ The basic building blocks to a firm, or the inputs into the
production process, are:
Answer: resources
◉ Corporate entrepreneurship is best described as:
Answer: entrepreneurial action within an organization.
◉ Entrepreneurially run firms are driven by controlled resources
whereas traditionally managed firms are managed by perception of
opportunity. (T/F)
Answer: False
◉ Entrepreneurial opportunities are those situations in which new
goods, services, raw materials, and organizing methods can be sold
at greater than production cost. (T/F)
Answer: True
◉ Offering a small product range to a small number of customer
groups is:
Answer: a narrow-scope strategy
