Entrepreneurship and Innovation Management
Pre-Test Questions
Course Introduction
This course explores the principles and practices essential for fostering entrepreneurship and managing innovation within organizations and new ventures. Students will examine the entrepreneurial process, from opportunity recognition and idea generation to business planning and venture development. Emphasis is placed on strategies for cultivating creativity, implementing innovative solutions, and overcoming challenges in dynamic market environments. Through case studies, collaborative projects, and practical applications, learners will develop critical skills in evaluating business models, securing resources, and leading innovative teams, preparing them to drive growth and adapt to the rapidly evolving landscape of modern business.
Recommended Textbook
Successful Project Management 6th Edition by Jack Gido
Available Study Resources on Quizplus
13 Chapters
1197 Verified Questions
1197 Flashcards
Source URL: https://quizplus.com/study-set/3621
Page 2
Chapter 1: Project Management Concepts
Available Study Resources on Quizplus for this Chatper
79 Verified Questions
79 Flashcards
Source URL: https://quizplus.com/quiz/71896
Sample Questions
Q1) A request for proposals is used to initiate all projects by communicating that a project is needed.
A)True
B)False
Answer: False
Q2) A plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks
A)risk development
B)risk management
C)risk mitigation
D)risk avoidance
Answer: B
Q3) A project's stakeholders will always include only representatives from the sponsor's organization.
A)True
B)False
Answer: False
Q4) Give an example of a project objective.
Answer: Answers will vary.Response includes a deliverable, schedule, and budget.
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Identifying and Selecting Projects
Available Study Resources on Quizplus for this Chatper
70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/71897
Sample Questions
Q1) Housing Transitions, a local not-for-profit organization that provides temporary housing for people that are in transition i.e., just moved into an area, lost their home due to an unexpected event, etc.), has noticed paint on the outside of the house is peeling.Describe a project that will advance their mission and solve the problem of the paint peeling.
Answer: One project that Housing Transitions could undertake to advance their mission and solve the problem of the paint peeling on their temporary housing facilities is to organize a community volunteer painting day. They could reach out to local businesses, community groups, and individuals to donate paint, supplies, and their time to come together and repaint the exterior of the houses. Not only would this project address the immediate issue of the peeling paint, but it would also bring the community together to support the organization's mission of providing temporary housing for those in transition. Additionally, it could raise awareness and support for the organization's work, potentially leading to increased donations and volunteer involvement in the future. Overall, this project would not only improve the appearance of the housing facilities but also strengthen the organization's ties to the community and advance their mission.
To view all questions and flashcards with answers, click on the resource link above.
4
Chapter 3: Developing Project Proposals
Available Study Resources on Quizplus for this Chatper
112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/71898
Sample Questions
Q1) If the RFP format requirement states a page limit, the customer can reject a proposal that exceeds the page limit without any further review.
A)True
B)False
Answer: True
Q2) It is important to emphasize the unique features that differentiate the contractor from other contractors.
A)True
B)False
Answer: True
Q3) Special facilities for a project are a project cost and should be included in the project cost estimates for the proposal.
A)True
B)False
Answer: True
Q4) Always put the client first.
A)True
B)False Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Defining Scope, Quality, Responsibility, and Activity Sequence
Available Study Resources on Quizplus for this Chatper
129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/71899
Sample Questions
Q1) The may need to describe certain inspection techniques, testing procedures, or specific testing equipment or facilities that must be used.
A)statement of work
B)customer requirement
C)deliverables
D)acceptance criteria
Q2) If something is the statement of work, then it should be assumed that .
A)included, it will not change during the course of the project.
B)not included in, it will not be done or provided.
C)missing from, if the RFP stated the requirement is will be completed.
D)left out of, will be completed during the project.
Q3) A network diagram is a tool for arranging the specific activities in the and defining their .
A)serial order, concurrent task relationship
B)approximate sequence, interrelated positions
C)laddering order, predecessor position
D)appropriate sequence, dependent relationships
Q4) A responsibility assignment matrix defines who will be pay for the work.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Developing the Schedule
Available Study Resources on Quizplus for this Chatper
86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/71900
Sample Questions
Q1) Schedule control involves four steps.Place these steps in their proper order by stating the letter sequence of their proper order.
A.Analyzing the schedule to determine which areas may need corrective action
B.Recalculating the schedule to evaluate the effects of the planned corrective actions
C.Revising the plan to incorporate the chosen corrective actions
D.Deciding what specific corrective actions should be taken
A)A,B,C,D
B)A,D,C,B
C)D,A,C,B
D)D,A,B,C
Q2) Eliminating negative slack by reducing durations of activities will involve a trade-off in the form of
A)no change in costs and an increase in scope.
B)a decrease in costs and an expansion in scope.
C)an increase in costs or a reduction in scope.
D)an decrease in costs and no change in scope.
Q3) The estimated duration should be aggressive, yet unrealistic.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Resource Utilization
Available Study Resources on Quizplus for this Chatper
22 Verified Questions
22 Flashcards
Source URL: https://quizplus.com/quiz/71901
Sample Questions
Q1) The statement, "Network diagrams illustrate the technical constraints among activities," means the activities are constrained because
A)each of the activities are independent from the other activities.
B)one activity cannot be started until the predecessors are finished.
C)the activities use different resources to be completed.
D)some activities use the same resources that may not be available.
Q2) Resource leveling, or smoothing, levels the resources so that
A)equal number of resources is assigned to each task.
B)an equal number of tasks are completed each day by the resources on the project.
C)they are applied as uniformly as possible without extending the project schedule beyond the required completion time.
D)the costs for the resources are even as possible across the project.
Q3) A resource requirements plan illustrates
A)who is responsible for which activities.
B)the amount of labor expenses for the project.
C)the expected utilization of resources by time period during the time span of the project.
D)the budget for material and cost resources.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Determining Costs, Budget, and Earned Value
Available Study Resources on Quizplus for this Chatper
69 Verified Questions
69 Flashcards
Source URL: https://quizplus.com/quiz/71902
Sample Questions
Q1) When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well.
A)True
B)False
Q2) Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor.What should be done to arrive at an acceptable budget amount?
A)Cut the cost of the highest priced activity in half until the budget is reached.
B)Trade experienced and efficient resources for less experienced and less efficient resources.
C)Revise the budget expecting that several iterations may need to be made to reduce the costs.
D)Extend the scope of the project.
Q3) It is good practice to have the person who will be responsible for the costs associated with the work make the cost estimates.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
9
Chapter 8: Managing Risk
Available Study Resources on Quizplus for this Chatper
45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/71903
Sample Questions
Q1) Some level of risk planning should be done during the initiating phase of the project life cycle to make sure that a contractor understands the risks involved with bidding on a proposed project.
A)True
B)False
Q2) is a rating of low, medium, or high based on the expected level of change in completing the project's objective if the risk were to occur during the project.
A)The action trigger
B)The priority order
C)The mitigation plan
D)The degree of impact
Q3) Risks can be identified by using all the following except:
A)historical information.
B)progressive elaboration.
C)previously identified risks.
D)ignoring potential problems.
Q4) Establishing risk categories may help to identify and evaluate risks.List some categories to help identify risks.
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Closing the Project
Available Study Resources on Quizplus for this Chatper
42 Verified Questions
42 Flashcards
Source URL: https://quizplus.com/quiz/71904
Sample Questions
Q1) Lessons learned could be helpful in bidding, planning, and/or performing future projects.
A)True
B)False
Q2) The process of closing the project involves various actions, including
A)assigning Staff to activities.
B)examining and estimating costs associated with Staff.
C)recognizing and evaluating Staff.
D)having Staff get to know each other.
Q3) Hold meetings at the end of the project with team members to have feedback from each team member about their performance and how to improve future projects.
A)individual
B)group
C)activity specific
D)project progress
Q4) Projects also can be terminated by the sponsor or customer due to a project return on investment increase.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: The Project Manager
Available Study Resources on Quizplus for this Chatper
129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/71905
Sample Questions
Q1) Good problem solving starts with the late identification of a problem or potential problem.
A)True
B)False
Q2) involves empowering the project team to achieve the project objective and empowering each team member to accomplish the expected results for his or her area of responsibility.
A)Consignment
B)Facilitation
C)Authorization
D)Delegation
Q3) The project manager must create for the team a vision of the result and benefits of the project.
A)True
B)False
Q4) The project manager must ignore cultural differences into consideration when negotiating.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: The Project Team
Available Study Resources on Quizplus for this Chatper
225 Verified Questions
225 Flashcards
Source URL: https://quizplus.com/quiz/71906
Sample Questions
Q1) In the stage of team development, work performance accelerates and productivity increases.
A)forming
B)norming
C)storming
D)performing
Q2) Effective team members take pride in doing the work required and nothing more.
A)True
B)False
Q3) The fourth and final stage of team development and growth is the stage.
A)forming
B)norming
C)storming
D)performing
Q4) In the approach, the project team members place high value on both the outcome and the relationship between the individuals.
A)Collaborating, Confronting, or Problem Solving
B)Avoiding or Withdrawing
C)Competing or Forcing
D)Accommodating or Smoothing
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Project Communication and Documentation
Available Study Resources on Quizplus for this Chatper
124 Verified Questions
124 Flashcards
Source URL: https://quizplus.com/quiz/71907
Sample Questions
Q1) When communicating with individuals from other cultures or countries, their customs regarding greetings, gestures, eye contact, and protocol are not important.
A)True
B)False
Q2) The project manager must determine the purpose of the presentation.Is it to inform or to persuade?
A)True
B)False
Q3) The final report might include the following except A)a statement of the customer's original need, project objective, and original requirements.
B)a description of the project and degree to which the original project objective was met.
C)the actual versus anticipated benefits to the customer as a result of the project and a list of all deliverables provided to the customer.
D)personal accomplishments of the project team members.
Q4) List the most common types of project meetings.
Q5) List some common barriers to effective listening:
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Project Management Organizational Structures
Available Study Resources on Quizplus for this Chatper
65 Verified Questions
65 Flashcards
Source URL: https://quizplus.com/quiz/71908
Sample Questions
Q1) In , each project is operated like a mini-company.
A)an autonomous project organizational structure
B)a functional organizational structure
C)a matrix organizational structure
D)a project management office
Q2) provides the benefits associated with specialization and functional excellence.
A)An autonomous project organizational structure
B)A functional organizational structure
C)A matrix organizational structure
D)A project management office
Q3) In , the project manager also needs to take the time to regularly update the other functional managers in the company on the status of the project and thank them for the support of their people assigned to the task force.
A)an autonomous project organizational structure
B)a functional organizational structure
C)a matrix organizational structure
D)a project management office
To view all questions and flashcards with answers, click on the resource link above.
15