BUSI 3007 Week 6 Final Exam (100% Correct 24 August 2020)
1. Question: The commercialization of the results of technology combined with a social need
is called .
Your Answer: Technological innovation
Technology transfer CORRECT
Intrapreneurship
Iterative synthesis
Points Received: 2 of 2
Comments:
2. Question: The earliest writings about ethical concepts are attributed to .
Your Answer: Richard Cantillon
Judaism and Hinduism CORRECT
Medieval clergy
Marco Polo
Points Received: 2 of 2
Comments:
3. Question: All of the following are skills needed by the entrepreneur, except .
, Your Answer: Technical skills
Business management skills
Bureaucratic skills CORRECT
Personal entrepreneurial skills
Points Received: 2 of 2
Comments:
4. Question: When would an entrepreneur be pronounced to have recovered from the grief of
a lost business?
Your Answer: On the availability of equally challenging entrepreneurial
opportunities Upon a simultaneous engagement in an analysis of the failed business
On having evaluated and absorbed the lessons learnt from the failed business
When thoughts about the events surrounding, and leading up to the loss of the business,
no longer generate a negative emotional responseCORRECT
Points Received: 2 of 2
Comments:
5. Question: In the loss-orientation process of grief recovery, when are painful memories
likely to dominate most?
, Your Answer: In the early phase of grief CORRECT
In the medial stage of grief
In the later stage of grief
Each time a related negative thought comes to mind
Points Received: 2 of 2
Comments:
6. Question: Entrepreneurial management differs from traditional management in all of
the following ways, except:
Your Answer: Control of resources
Reward philosophy
Level of control by stakeholders CORRECT
Commitment to opportunity
Points Received: 2 of 2
Comments:
7. Question: In the light of commitment towards opportunities, traditional firms,
unlike entrepreneurially managed firms, place considerable emphasis on .
Your Answer: Investment opportunities
Resources deployed
, Information and its analysis CORRECT ANSWER
Strategic orientation INCORRECT
Points Received: 0 of 2
Comments:
8. Question: With reference to management structure, which following option is an example
of an internal network for an entrepreneurially managed firm?
Your Answer: Buyers
Informal communication channels at work CORRECT
Suppliers
Financial institutions
Points Received: 2 of 2
Comments:
9. Question: The management structure of an entrepreneurially managed firm is .
Your Answer: Driven by perception of opportunity
Primarily bureaucratic
Organic CORRECT
Fluid
1. Question: The commercialization of the results of technology combined with a social need
is called .
Your Answer: Technological innovation
Technology transfer CORRECT
Intrapreneurship
Iterative synthesis
Points Received: 2 of 2
Comments:
2. Question: The earliest writings about ethical concepts are attributed to .
Your Answer: Richard Cantillon
Judaism and Hinduism CORRECT
Medieval clergy
Marco Polo
Points Received: 2 of 2
Comments:
3. Question: All of the following are skills needed by the entrepreneur, except .
, Your Answer: Technical skills
Business management skills
Bureaucratic skills CORRECT
Personal entrepreneurial skills
Points Received: 2 of 2
Comments:
4. Question: When would an entrepreneur be pronounced to have recovered from the grief of
a lost business?
Your Answer: On the availability of equally challenging entrepreneurial
opportunities Upon a simultaneous engagement in an analysis of the failed business
On having evaluated and absorbed the lessons learnt from the failed business
When thoughts about the events surrounding, and leading up to the loss of the business,
no longer generate a negative emotional responseCORRECT
Points Received: 2 of 2
Comments:
5. Question: In the loss-orientation process of grief recovery, when are painful memories
likely to dominate most?
, Your Answer: In the early phase of grief CORRECT
In the medial stage of grief
In the later stage of grief
Each time a related negative thought comes to mind
Points Received: 2 of 2
Comments:
6. Question: Entrepreneurial management differs from traditional management in all of
the following ways, except:
Your Answer: Control of resources
Reward philosophy
Level of control by stakeholders CORRECT
Commitment to opportunity
Points Received: 2 of 2
Comments:
7. Question: In the light of commitment towards opportunities, traditional firms,
unlike entrepreneurially managed firms, place considerable emphasis on .
Your Answer: Investment opportunities
Resources deployed
, Information and its analysis CORRECT ANSWER
Strategic orientation INCORRECT
Points Received: 0 of 2
Comments:
8. Question: With reference to management structure, which following option is an example
of an internal network for an entrepreneurially managed firm?
Your Answer: Buyers
Informal communication channels at work CORRECT
Suppliers
Financial institutions
Points Received: 2 of 2
Comments:
9. Question: The management structure of an entrepreneurially managed firm is .
Your Answer: Driven by perception of opportunity
Primarily bureaucratic
Organic CORRECT
Fluid
