ANSWERED QUESTIONS| OFTEN
TESTED| REVIEWED AND RE-
APPROVED| 100 OUT OF 100
GUARANTEED.
What are cultural norms? - ANSWER ✔✔ an organization's expectations of its members'
behavior in any given situation
According to Cameron and Quinn's Competing Values Framework model, in which type of
organizational culture are the leaders efficient, organized, and striving to run a smooth operation
by following procedures and policies? - ANSWER ✔✔ hierarchy
Lower and middle-level managers typically only initiate and implement all of the following
kinds of change except? - ANSWER ✔✔ invention of economic models
Which of the following would not be an example of change typically brought about by the
political environment? - ANSWER ✔✔ advances in life sciences technology
The type of change that can be described as "doing better things" - according to the First,
Second, and Third Order Change Model - is which of the following types of change? -
ANSWER ✔✔ reformative change
In the Bridges' Transitional Model, which of the following would not be a suggestion for
managing Stage 1? - ANSWER ✔✔ develop short-term goals, interim
The fundamentals that drive successful change include communication, training, _____, and
______. - ANSWER ✔✔ leadership engagement, measurement
What are the types of cultures described by Cameron and Quinn in the Competing Values
Framework model? - ANSWER ✔✔ clan, adhocracy, market, and hierarchy
The ____________ view of leaders' impact on organizational culture holds that leaders shape
and mold organizational culture - ANSWER ✔✔ functionalist
Among the forces for environmental change, demographic change is an example of ________
change, and change in values is an example of ______ change. - ANSWER ✔✔ socioeconomic,
cultural
The push to reduce companies' and individuals' carbon footprints would be categorized as which
type of environmental change? - ANSWER ✔✔ cultural
, Which of the following best exemplifies the corridor principle? - ANSWER ✔✔ Beta testing of
a new social app shows that users exclusively use one feature and feedback reveals that they
want to see it as its own app.
You have been given a new product to evaluate. In Stage Two of the entrepreneurial process,
which of the following pieces of information would have no bearing on whether you would
decide to push forward with a new business venture? - ANSWER ✔✔ Whether the product has
an accepted, filed, or pending patent application
Companies that encourage employees to pursue risky new ideas internally are practicing -
ANSWER ✔✔ intrapreneurship
Which of the following qualities is perhaps most needed by an entrepreneur planning to enter a
highly competitive market. - ANSWER ✔✔ optimism
What information will an entrepreneur most likely not glean from assessing the competition? -
ANSWER ✔✔ their future product plans
After a year, a start up venture runs out of funds and must disband. What crucial financial
planning step(s) did the founders most likely fail to do correctly? - ANSWER ✔✔ forecast cash
flow
Which of the following involves a firm supplying rights to proprietary ideas, products to other
businesses in exchange for payment? - ANSWER ✔✔ licensing
Under Resource-based Theory, a start-up firm with many initial investors most enjoys which of
the following key resources? - ANSWER ✔✔ Valuable
Which of the following is an example of innovative stewardship of public resources? -
ANSWER ✔✔ the Roman aqueducts
which is typically the best predictor of entrepreneurial success? - ANSWER ✔✔ the amount of
related industry experience an entrepreneur has in the specific marketplace
What is the ideal length of a new venture's business plan, according to experts? - ANSWER ✔✔
50 pages
The brief informal summary of an entrepreneurial opportunity is known as the - ANSWER ✔✔
elevator pitch
___________ is revolutionary, ___________ is evolutionary. - ANSWER ✔✔ Radical
innovation, incremental innovation