BUSI 3007 FINAL EXAM WEEK 6 - QUESTION AND ANSWERS

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 _______. posted by Dennis 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 response CORRECT Points Received: 2 of 2 Comments: 5. Question: In the loss-orientation process of grief recovery, when are painful memories likely to dominate most? posted by Dennis 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 posted by Dennis 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 posted by Dennis Points Received: 2 of 2 Comments: 10. Question: Authors or publishers of software are protected under _______. Your Answer: Copyrights CORRECT Trademarks Utility patents Trade secrets Points Received: 2 of 2 Comments: 11. Question: Trade secrets are protected: Your Answer: By the General Agreement on Tariffs and Trade By federal law By state law CORRECT By the Library of Congress