Entrepreneurship
Chapter Exam Questions
Course Introduction
Entrepreneurship introduces students to the fundamental concepts and practices involved in identifying business opportunities, developing innovative ideas, and launching new ventures. The course covers essential topics such as opportunity recognition, business model development, market research, financial planning, marketing strategies, and the management of growth. Students will analyze case studies, engage in hands-on projects, and explore the roles of creativity, leadership, and risk-taking in entrepreneurial success. By the end of the course, students will have the knowledge and practical skills needed to create and present a comprehensive business plan for a startup idea.
Recommended Textbook
Principles of Management Version 2.0 by Mason A. Carpenter
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Chapter 1: Introduction
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Sample Questions
Q1) Organizational citizenship behaviors can be understood as:
A) individual behaviors that are beneficial to the organization and not recognized by the formal reward system.
B) individual behaviors that are beneficial to the organization and are recognized by the formal reward system.
C) group behaviors that are beneficial to the organization and are recognized by the formal reward system.
D) group behaviors that are beneficial to the organization and are not recognized by the formal reward system.
Answer: A
Q2) Monitor, disseminator, and spokesperson are the three decisional managerial roles in an organization.
A)True
B)False
Answer: False
Q3) Decisions made about the structure of an organization are generally referred to as
decisions.
Answer: organizational design
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Chapter 2: International Trade and Foreign Direct Investment
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Q1) The low cost of computers compared to phones puts them in the hands of more people around the world.
A)True
B)False
Answer: False
Q2) "Workers must be fairly paid for their services" is called the _____________ principle from Fayol.
Answer: remuneration
Q3) According to Fayol, good _____________ is the result of effective leadership; workers must understand the rules and management should use penalties judiciously if workers violate the rules.
Answer: discipline
Q4) Companies use social networking systems internally to help their employees identify new ideas.
A)True
B)False
Answer: False
Q5) Hong Kong and Malaysia are countries with ____________ uncertainty avoidance.
Answer: low
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Chapter 3: Culture and Business
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Q1) When engaging in job design or enrichment, a manager should consider:
A) Autonomy in relations to employee personality
B) Freedom relative to employee personality
C) Personality in relation to work behavior
D) Personality in relation to job design
Answer: C
Q2) One method some companies use to improve the match between job candidate and the job is personality testing.
A)True
B)False
Answer: True
Q3) Personality is a modest predictor of actual job performance, but a much better predictor of:
A) High quality relationships
B) "g"
C) Citizenship behaviors
D) Job quantity
Answer: C
Q4) "g" is often the abbreviation for ____________.
Answer: general mental ability
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Chapter 4: World Economies
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Q1) A stakeholder group, composed of the CEO and members of the top management team, is considered an important stakeholder group for all of the following reasons EXCEPT:
A) Its influence as either originator or steward of the organization's mission and vision
B) Its responsibility for formulating a strategy that realizes the mission and vision
C) Its power and influence in the organization
D) Its key role in strategy implementation
Q2) Nominal Group Technique (NGT) requires extensive preparation and supplies. A)True
B)False
Q3) ________________ refers to the range of techniques or tools used to identify and understand the needs and expectations of major interests inside and outside the organization environment.
Q4) An engaged employee is dedicated, passionate, and absorbed in their work. A)True
B)False
Q5) Why do managers perform stakeholder analysis?
Q6) How is passion relevant to vision in business?
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Chapter 5: Global and Regional Economic Cooperation and Integration
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Q1) Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.
A)True
B)False
Q2) According to the strategy diamond, economic logic tells us how profits will be generated above the firm's cost of capital.
A)True
B)False
Q3) The hardest thing for an organization to do is to develop its competitive advantage into ______________ competitive advantage, where the organization's strengths cannot be easily duplicated or imitated by other firms, nor made redundant or less valuable by changes in the external environment.
Q4) Where the value chain might suggest internal areas of strength, __________ helps predict whether those strengths will give it a competitive advantage.
Q5) The oil refiners are upstream of the oil producers. A)True B)False
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Chapter 6: International Monetary System
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Q1) The discipline of creating a Balanced Scorecard forces companies to integrate what two functions?
Q2) By supplying a mechanism for strategic feedback and review, the Balanced Scorecard helps organizations foster what kind of learning?
Q3) What should you take away from a performance review?
Q4) The actual metrics used to gauge performance on objectives are called ______________.
Q5) By relying on _________________, the scorecard forces managers to come to agreement on the metrics they will use to translate lofty visions into realities.
Q6) How do you prepare for an upcoming review?
Q7) A general objective has a much greater chance of being accomplished than a specific one.
A)True
B)False
Q8) The Balanced Scorecard is aimed to make key improvements on a simple ________ system, particularly by more clearly tying goals and objectives to vision, mission, and strategy by branching out beyond purely financial goals and objectives.
Q9) How does the Dow Jones Sustainability Index define CSR?
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Chapter 7: Foreign Exchange and the Global Capital Markets
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Sample Questions
Q1) Organizations should start with _______________, or making sure that organizational members are ready for and receptive to change.
Q2) Knowledge work is thought to be safe from outsourcing.
A)True
B)False
Q3) After the change is implemented, the long-term success of a change effort depends on the extent to which the change becomes part of the company's strategy.
A)True
B)False
Q4) What does it mean for companies that the workforce is getting older?
Q5) An example of a company that utilizes the matrix organization successfully is:
A) Starbucks
B) Nike
C) 3M
D) Ben and Jerry's
Q6) Organizational change is often a response to changes in the ________________.
9
Q7) One of the most useful frameworks in the area of change is the three-stage mode of planned changed developed by psychologist _______________.
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Chapter 8: International Expansion and Global Market Opportunity Assessment
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Q1) The process by which employees modify their own beliefs and behaviors to reflect those of the leader is called _________________.
Q2) A mission statement does not provide insights into the company culture.
A)True
B)False
Q3) One of the most important ways in which organizations can help new employees adjust to a company and a new job is through _________________, namely supervisors, coworkers, and mentors.
Q4) Countercultures are often shaped around a charismatic leader.
A)True
B)False
Q5) Of the three levels of organizational culture, _________________ are taken for granted, and reflect beliefs about human nature and reality.
Q6) Microsoft is often identified as a company with a(n) _____________ culture.
Q7) __________________ are trusted people who provide employees with advice and support regarding career-related matters.
Q9) What are the three levels of organization culture? Page 10
Q8) Part of the leader's influence over culture is through _________________.
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Chapter 9: Exporting, Importing, and Global Sourcing
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Sample Questions
Q1) The leadership style that involves employees in the making of important decisions is:
A) Supportive leadership
B) Participative leadership
C) Directive leadership
D) Achievement oriented leadership
Q2) Some tips to achieve servant leadership style include which of the following suggestions offered in the text?
A) Establish SMART goals for each employee and ensure they reach them.
B) One of your key priorities should be to help employees reach their goals.
C) Establish consistent employee reviews.
D) Have all of the answers and tell employees how they can achieve their goals.
Q3) A large body of research has shown that it is not possible to train people to increase their charisma.
A)True
B)False
Q4) The leadership approach that defines the leader's role as serving the needs of others is ______________.
Q5) Explain the least preferred coworker scale from the contingency theory?
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Chapter 10: Strategy and International Business
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Sample Questions
Q1) Describe the three decisions commonly made within organizations.
Q2) Groupthink is characterized by which of the following symptoms?
A) Invulnerability
B) Collective modeling
C) Nominal Group Technique (NGT) is used more often than it should
D) Stereotyped views of out-groups are seen when groups discount rivals' abilities to make effective responses
Q3) A group process using written responses to a series of questionnaires instead of physically bringing individuals together to make a decision is called _____________.
Q4) _____________ refers to the tendency of decision makers to be influenced by the way that a situation or problem is presented.
Q5) In 2005, McDonald's became aware of a need to respond to growing customer concerns regarding the unhealthy aspects of the food they sell in terms of being high in fat and calories, is an example of a programmed decision.
A)True
B)False
Q6) How does one avoid overconfidence bias?
Q7) Why does escalation of commitment occur?
Page 13
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Chapter 11: Global Entrepreneurship and Intrapreneurship
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Sample Questions
Q1) Selective perception is the filtering of information to suit our own needs.
A)True
B)False
Q2) Our _____________ relative to a chair or another person is another powerful silent messenger that conveys interest, aloofness, professionalism, or lack thereof.
Q3) What is the process model of communication?
Q4) The study of meaning in communication is _______________.
Q5) In the Far East, it is considered polite for a woman to shake a man's hand.
A)True
B)False
Q6) In the United States, looking someone in the eye for about a second is considered a sign of trustworthiness.
A)True
B)False
Q7) Why do handheld devices offer medium-rich channels of communication?
Q8) ________________ communication in business may take place over the phone, in person, or via video conferencing.
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Q9) Companies often have their own acronyms and buzzwords called business
Chapter 12: Winning Through Effective, Global Talent Management
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Sample Questions
Q1) The coordinator role includes:
A) Gathering information from the larger organization and informing those within the organization about team activities
B) Interfacing with others within the organization so that the team's efforts are in line with other individuals and teams
C) Addressing a specific issue or problem until it is resolved
D) Keeping the team on track in terms of suggesting any needed changes to the team's process
Q2) How did Chico's show nine years of double-digit same-store sales growth?
Q3) Why is the "Bay of Pigs" considered an example of groupthink?
Q4) A key consideration when forming a team is to understand the personality traits needed before starting the selection process as well as the team members':
A) KSAs
B) Potential
C) Leadership traits
D) Work ethic
Q5) Groups that are similar, stable, small, supportive and satisfied tend to be more _______________ than groups that are not.
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Chapter 13: Harnessing the Engine of Global Innovation
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Q1) Providing promotion opportunities at work, recognizing a person's accomplishments verbally or through more formal reward systems, job titles that communicate to the employee that one achieved high status within the organization are among the ways of satisfying:
A) Physiological needs
B) Esteem needs
C) Safety needs
D) Self-actualization needs
Q2) Instead of the five needs that are hierarchically organized in Maslow's theory, Alderfer proposed that basic human needs may be grouped under _____________ categories.
Q3) Regarding motivation, there are four major theories in the need-based category and they include all of the following EXCEPT:
A) Maslow's hierarchy of needs
B) Required needs theory
C) ERG theory
D) Herzberg's dual factor theory
Q4) Equity theory looks at perceived fairness as a _______________.
Q5) What are at least four reasons why SMART goals motivate?
Q6) Explain the ERG theory's main contribution to the literature.
Page 16
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Chapter 14: Competing Effectively Through Global
Marketing, Distribution, and Supply-Chain Management
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Sample Questions
Q1) What comprises the cash flow statement?
Q2) What is lean control?
Q3) Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.
A) 20%
B) 30%
C) 50%
D) 70%
Q4) A comparison of the company's current assets and its current liabilities reveals its working debt.
A)True
B)False
Q5) If $20,000 is made as a down payment and $80,000 is financed with a bank note to buy land and a building, the $80,000 is the
A) short term debt.
B) assets.
C) accounts receivable.
D) long-term debt.
Q6) What are 5 of the 7 deadly wastes of lean?
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Chapter 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage
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Q1) One way to help employees connect with the people and things that will help them achieve their professional goals is to:
A) Develop goals that stretch their ability
B) Give them assignments that are engaging
C) Connect people with mentors and help them build networks
D) Promote deserving employees
Q2) McKinsey & Company found that there is no relationship between a firm's financial performance and its global talent management practices.
A)True
B)False
Q3) The average job tenure has dropped from 15 years to:
A) 4 years
B) 5 years
C) 6 years
D) 7 years
Q4) What is strategic human resource management?
Q5) The doctrine of American law that defines an employment relationship in which either party can break the relationship with no liability is called ________________.
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