ELE 3010 EXAM 1 CERTIFICATION EVALUATION
2026 FULL QUESTIONS AND CORRECT
ANSWERS
◉ False.
Answer: T/F: Customers always embrace change in products and
services.
◉ can learn from the action of first movers without incurring the
same costs.
Answer: By delaying entry, late movers:
◉ True.
Answer: T/F: Entrepreneurially managed firm structure is usually
flat with multiple informal networks
◉ False.
Answer: T/F: In the McMullen-Shepherd Model the first stage is the
evaluation stage
◉ A company must be willing to invest money without a guarantee
of a return.
,Answer: Which of the following is true about corporate
entrepreneurship?
◉ True.
Answer: T/F: Entrepreneurial opportunities are those situations in
which new goods, services, raw materials and organizing methods
can be sold at greater than their production cost.
◉ Risk.
Answer: ______ refers to the probability, and magnitude, of downside
loss.
◉ Creating a new product development process for your company.
Answer: A new entry includes all of the following except:
◉ True.
Answer: T/F: The question "What is this technology all about?" is a
comprehension question.
◉ resources.
Answer: The basic building blocks to a firm, or the inputs into the
production process , are:
, ◉ False.
Answer: T/F: Entrepreneurially run firms are driven by controlled
resources whereas traditionally managed firms are driven by
perception of opportunity
◉ entrepreneurial action within an organization.
Answer: Corporate entrepreneurship is best described as:
◉ False.
Answer: T/F: In order to be the basis for a firm's superior
performance, a bundle of resources must be valuable, rare, and
imitable.
◉ exist when the basic (relatively easy to observe) elements of the
technology resemble the basic elements of the market.
Answer: In regards to thinking structurally, superficial similarities:
◉ False.
Answer: T/F: Newness of a new entry is always an advantage
◉ False.
Answer: T/F: In encouraging a culture for corporate
entrepreneurship, using older, proven, technology is recommended
in order to increase stability in the organization
2026 FULL QUESTIONS AND CORRECT
ANSWERS
◉ False.
Answer: T/F: Customers always embrace change in products and
services.
◉ can learn from the action of first movers without incurring the
same costs.
Answer: By delaying entry, late movers:
◉ True.
Answer: T/F: Entrepreneurially managed firm structure is usually
flat with multiple informal networks
◉ False.
Answer: T/F: In the McMullen-Shepherd Model the first stage is the
evaluation stage
◉ A company must be willing to invest money without a guarantee
of a return.
,Answer: Which of the following is true about corporate
entrepreneurship?
◉ True.
Answer: T/F: Entrepreneurial opportunities are those situations in
which new goods, services, raw materials and organizing methods
can be sold at greater than their production cost.
◉ Risk.
Answer: ______ refers to the probability, and magnitude, of downside
loss.
◉ Creating a new product development process for your company.
Answer: A new entry includes all of the following except:
◉ True.
Answer: T/F: The question "What is this technology all about?" is a
comprehension question.
◉ resources.
Answer: The basic building blocks to a firm, or the inputs into the
production process , are:
, ◉ False.
Answer: T/F: Entrepreneurially run firms are driven by controlled
resources whereas traditionally managed firms are driven by
perception of opportunity
◉ entrepreneurial action within an organization.
Answer: Corporate entrepreneurship is best described as:
◉ False.
Answer: T/F: In order to be the basis for a firm's superior
performance, a bundle of resources must be valuable, rare, and
imitable.
◉ exist when the basic (relatively easy to observe) elements of the
technology resemble the basic elements of the market.
Answer: In regards to thinking structurally, superficial similarities:
◉ False.
Answer: T/F: Newness of a new entry is always an advantage
◉ False.
Answer: T/F: In encouraging a culture for corporate
entrepreneurship, using older, proven, technology is recommended
in order to increase stability in the organization
