Correct Answers 2026/2027
What are cultural norms? - Correct 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? - Correct Answer-hierarchy
Lower and middle-level managers typically only initiate and implement all of the following kinds of
change except? - Correct Answer-invention of economic models
Which of the following would not 𝑏e an example of change typically 𝑏rought a 𝑏out 𝑏y the political
environment? - Correct 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? - Correct Answer-
reformative change
In the Bridges' Transitional Model, which of the following would not 𝑏e a suggestion for managing
Stage 1? - Correct Answer-develop short-term goals, interim
The fundamentals that drive successful change include communication, training, _____, and
______. - Correct Answer-leadership engagement, measurement
, What are the types of cultures descri𝑏ed 𝑏y Cameron and Quinn in the Competing Values
Framework model? - Correct Answer-clan, adhocracy, market, and hierarchy
The ____________ view of leaders' impact on organizational culture holds that leaders shape and
mold organizational culture - Correct Answer-functionalist
Among the forces for environmental change, demographic change is an example of ________
change, and change in values is an example of ______ change. - Correct Answer-socioeconomic,
cultural
The push to reduce companies' and individuals' car 𝑏on footprints would 𝑏e categorized as which
type of environmental change? - Correct Answer-cultural
Which of the following 𝑏est exemplifies the corridor principle? - Correct Answer-Beta testing of a
new social app shows that users exclusively use one feature and feed 𝑏ack 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? - Correct Answer-Whether the product has an accepted, filed,
or pending patent application
Companies that encourage employees to pursue risky new ideas internally are practicing - Correct
Answer-intrapreneurship
Which of the following qualities is perhaps most needed 𝑏y an entrepreneur planning to enter a
highly competitive market. - Correct Answer-optimism
What information will an entrepreneur most likely not glean from assessing the competition? -
Correct Answer-their future product plans
After a year, a start up venture runs out of funds and must dis 𝑏and. What crucial financial planning
step(s) did the founders most likely fail to do correctly? - Correct Answer-forecast cash flow
Which of the following involves a firm supplying rights to proprietary ideas, products to other
𝑏usinesses in exchange for payment? - Correct Answer-licensing
Under Resource-𝑏ased Theory, a start-up firm with many initial investors most enjoys which of the
following key resources? - Correct Answer-Valua𝑏le
Which of the following is an example of innovative stewardship of pu 𝑏lic resources? - Correct
Answer-the Roman aqueducts
which is typically the 𝑏est predictor of entrepreneurial success? - Correct 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? - Correct
Answer-50 pages