ELE 3010 EXAM QUESTIONS AND
CORRECT ANSWERS!!
A new entry includes all of the following except:
Creating a new brand name for your company
An entrepreneur considering if what they are doing makes sense is an example of:
A reflection task
(T/F) Comprehension questions are designed to stimulate entrepreneurs to think about
their own understanding
False
In regards to the differences between the entrepreneurial and administrative focuses which
of the following is correct?
Entrepreneurs rent or sporadically use resources; managers like to own resources
Having an entrepreneurial orientation towards the control of resources means:
that one focuses on accessing others' resources
(T/F) The corporate entrepreneur to have the ability to encourage teamwork and use a
multidisciplined approach, which violates organizational practices and structures taught in
most business schools
True
The first step in establishing corporate entrepreneurship in an organization is:
securing commitment from top management
Which of the following is not a reason that first movers are better positioned to satisfy their
customers?
They have less uncertainty over the nature of the market
The casual process of thinking:
, starts with a desired outcome and focuses on the possible means to generate that outcome
All these are characteristics of an entrepreneurial environment except:
there are short term horizons
Corporate entrepreneurship is best described as:
entrepreneurial action within an organization
Which is not a leadership characteristic of a corporate entrepreneur according to the text?
Encourages colleagues to follow hierarchy
In Stage Two of the McMullen-Shepherd Model:
the entrepreneur decides whether or not there is an opportunity for him or her personally
(T/F) The McMullen-Shepherd Model explains how knowledge and motivation influences
two stages of entrepreneurial action
True
Frequent flier miles would be an example of which barrier to entry?
Building in switching costs
A ________ strategy that copies products that already exist and attempts to build an
advantage through minor variations.
me-too
(T/F) The effectuation process starts with what one has and selects among possible
outcomes
True
(T/F) The period of time when the environment is favorable for entrepreneurs to exploit a
particular new entry is called the window of opportunity
True
Which of the following is true?
CORRECT ANSWERS!!
A new entry includes all of the following except:
Creating a new brand name for your company
An entrepreneur considering if what they are doing makes sense is an example of:
A reflection task
(T/F) Comprehension questions are designed to stimulate entrepreneurs to think about
their own understanding
False
In regards to the differences between the entrepreneurial and administrative focuses which
of the following is correct?
Entrepreneurs rent or sporadically use resources; managers like to own resources
Having an entrepreneurial orientation towards the control of resources means:
that one focuses on accessing others' resources
(T/F) The corporate entrepreneur to have the ability to encourage teamwork and use a
multidisciplined approach, which violates organizational practices and structures taught in
most business schools
True
The first step in establishing corporate entrepreneurship in an organization is:
securing commitment from top management
Which of the following is not a reason that first movers are better positioned to satisfy their
customers?
They have less uncertainty over the nature of the market
The casual process of thinking:
, starts with a desired outcome and focuses on the possible means to generate that outcome
All these are characteristics of an entrepreneurial environment except:
there are short term horizons
Corporate entrepreneurship is best described as:
entrepreneurial action within an organization
Which is not a leadership characteristic of a corporate entrepreneur according to the text?
Encourages colleagues to follow hierarchy
In Stage Two of the McMullen-Shepherd Model:
the entrepreneur decides whether or not there is an opportunity for him or her personally
(T/F) The McMullen-Shepherd Model explains how knowledge and motivation influences
two stages of entrepreneurial action
True
Frequent flier miles would be an example of which barrier to entry?
Building in switching costs
A ________ strategy that copies products that already exist and attempts to build an
advantage through minor variations.
me-too
(T/F) The effectuation process starts with what one has and selects among possible
outcomes
True
(T/F) The period of time when the environment is favorable for entrepreneurs to exploit a
particular new entry is called the window of opportunity
True
Which of the following is true?
