Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
CHAPTER 01: Venture Opportunity and Strategy Homework and
1) Which of the following is the most critical component necessary to turn an idea into an
enterprise?
A) A Viable Opportunity
B) Customer Need
C) Market Potential
D) Understanding of the Competitive Landscape
2) Is a good idea sufficient to ensure an entrepreneur’s success?
⊚ true
⊚ false
3) Which of the following best describes what entrepreneurship entails?
A) Running a Business
B) Creating Wealth
C) Taking Calculated Risks
D) Choosing your own hours
4) High-growth start-ups are almost twice as likely to be launched by people over 55 as by
people between the ages of 20 and 34.
⊚ true
⊚ false
5) Which of the following entrepreneurs has never held a title other than CEO?
A) Jeff Bezos
B) Steve Jobs
C) Elon Musk
D) None of the Above
6) What was the entrepreneurial activity rate (the number of U.S. adults engaged in setting up or
managing a new enterprise) between 1999 and 2015?
A) 12 percent
B) 2 percent
C) 7 percent
D) 10 percent
1
,Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
7) Which of the following did not receive early funding from venture capitalist?
A) Apple
B) Berkshire Hathaway
C) Google/Alphabet Inc.
D) Microsoft
8) The process by which new, creative firms disrupt existing markets could be called:
A) Dynamic Capitalism
B) Creative Destruction
C) Dynamic Disequilibrium
D) All of the Above
9) The quantity of goods and services produced from the sum of all inputs is called:
A) Productivity
B) Economic System
C) Natural Capital
D) Entrepreneurial Commitment
10) Human Capital is:
A) Minerals, fuels, energy, biological yield, or pollution absorption capacity
B) Financial assets, such as money, bonds, securities, and land
C) The combined knowledge, skills, and abilities in a population
D) The efficacy of management systems, and the relationships between various people
and organizations
11) Which of the following is not one of the elements of Intellectual Capital?
A) Human Capital
B) Financial Capital
C) Organizational Capital
D) Social Capital
12) Which of the following is not an example of an available input that the firm can transform
into desired outputs?
A) Raw Materials
B) Products and Services
C) Financial Capital
D) Physical Assets
2
,Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
13) For how many years did Facebook operate at a loss before becoming cash flow positive?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
14) Which of the following is not an element of the ability to overcome a challenge?
A) Able to start and grow organizations
B) Able to deal with a series of tough issues
C) Able to create solutions and work to perfect them
D) Able to handle many tasks simultaneously
15) Which of the following is a negative factor that people use to determine whether to become
entrepreneurs?
A) Self-realization: Recognition, achievement, status
B) Innovation: Creating something new
C) Risk: Potential for loss of income and wealth
D) Roles: Fulfilling family tradition, acting as leader
16) Work environments with a lack of technical-excellence incentives can positively influence
the entrepreneurial intentions of some employees.
⊚ true
⊚ false
17) Which of the following is not a component of the utility function U as defined by Douglas
and Shepherd, 1999:
A) Income
B) Risk
C) Reward
D) Independence
18) What is the value of an Entrepreneurial Attractiveness (EA) index where Income is high,
Independence is medium, Work Effort is low, and Risk is 2?
A) 5
B) 2
C) 0
D) -3
3
, Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
19) If an entrepreneur evaluates her existing job to have an EA of 2 and the value of a new
venture to be 6, she shouldn’t take the new venture.
⊚ true
⊚ false
20) In the first five years after Facebook’s Initial Public Offering (IPO), by about what
percentage did the value of the company increase?
A) 20 percent
B) 80 percent
C) 300 percent
D) 1000 percent
4
CHAPTER 01: Venture Opportunity and Strategy Homework and
CHAPTER 01: Venture Opportunity and Strategy Homework and
1) Which of the following is the most critical component necessary to turn an idea into an
enterprise?
A) A Viable Opportunity
B) Customer Need
C) Market Potential
D) Understanding of the Competitive Landscape
2) Is a good idea sufficient to ensure an entrepreneur’s success?
⊚ true
⊚ false
3) Which of the following best describes what entrepreneurship entails?
A) Running a Business
B) Creating Wealth
C) Taking Calculated Risks
D) Choosing your own hours
4) High-growth start-ups are almost twice as likely to be launched by people over 55 as by
people between the ages of 20 and 34.
⊚ true
⊚ false
5) Which of the following entrepreneurs has never held a title other than CEO?
A) Jeff Bezos
B) Steve Jobs
C) Elon Musk
D) None of the Above
6) What was the entrepreneurial activity rate (the number of U.S. adults engaged in setting up or
managing a new enterprise) between 1999 and 2015?
A) 12 percent
B) 2 percent
C) 7 percent
D) 10 percent
1
,Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
7) Which of the following did not receive early funding from venture capitalist?
A) Apple
B) Berkshire Hathaway
C) Google/Alphabet Inc.
D) Microsoft
8) The process by which new, creative firms disrupt existing markets could be called:
A) Dynamic Capitalism
B) Creative Destruction
C) Dynamic Disequilibrium
D) All of the Above
9) The quantity of goods and services produced from the sum of all inputs is called:
A) Productivity
B) Economic System
C) Natural Capital
D) Entrepreneurial Commitment
10) Human Capital is:
A) Minerals, fuels, energy, biological yield, or pollution absorption capacity
B) Financial assets, such as money, bonds, securities, and land
C) The combined knowledge, skills, and abilities in a population
D) The efficacy of management systems, and the relationships between various people
and organizations
11) Which of the following is not one of the elements of Intellectual Capital?
A) Human Capital
B) Financial Capital
C) Organizational Capital
D) Social Capital
12) Which of the following is not an example of an available input that the firm can transform
into desired outputs?
A) Raw Materials
B) Products and Services
C) Financial Capital
D) Physical Assets
2
,Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
13) For how many years did Facebook operate at a loss before becoming cash flow positive?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
14) Which of the following is not an element of the ability to overcome a challenge?
A) Able to start and grow organizations
B) Able to deal with a series of tough issues
C) Able to create solutions and work to perfect them
D) Able to handle many tasks simultaneously
15) Which of the following is a negative factor that people use to determine whether to become
entrepreneurs?
A) Self-realization: Recognition, achievement, status
B) Innovation: Creating something new
C) Risk: Potential for loss of income and wealth
D) Roles: Fulfilling family tradition, acting as leader
16) Work environments with a lack of technical-excellence incentives can positively influence
the entrepreneurial intentions of some employees.
⊚ true
⊚ false
17) Which of the following is not a component of the utility function U as defined by Douglas
and Shepherd, 1999:
A) Income
B) Risk
C) Reward
D) Independence
18) What is the value of an Entrepreneurial Attractiveness (EA) index where Income is high,
Independence is medium, Work Effort is low, and Risk is 2?
A) 5
B) 2
C) 0
D) -3
3
, Test Bank For Technology Ventures: From Idea to Enterprise
CHAPTER 01: Venture Opportunity and Strategy Homework and
19) If an entrepreneur evaluates her existing job to have an EA of 2 and the value of a new
venture to be 6, she shouldn’t take the new venture.
⊚ true
⊚ false
20) In the first five years after Facebook’s Initial Public Offering (IPO), by about what
percentage did the value of the company increase?
A) 20 percent
B) 80 percent
C) 300 percent
D) 1000 percent
4
