Question 1

Typically, when faced with setbacks or failure, entrepreneurs

Accepted Answer

A)   remain optimistic and view it as a learning experience.
B)   become outraged and take a short vacation.
C)   blame top management.
D)   resign.E) A) and C)
F) B) and C)

Question 2

A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurial projects.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy?

Accepted Answer

A)   the rapid evolution of technology and knowledge
B)   demographic trends
C)   government regulation
D)   a robust venture capital marketE) A) and B)
F) A) and C)

Question 4

One reason why corporate entrepreneurship has done so well is that it allows organizations to

Accepted Answer

A)   increase salaries.
B)   fire the dead wood.
C)   encourage high risk taking.
D)   tap the innovative talents of their people.E) A) and C)
F) A) and B) D

Question 5

Skunk works are project groups that work within the traditional lines of authority.

Accepted Answer

A) True 
 B)False

Question 6

The first step in planning a strategy of entrepreneurship for enterprise is

Accepted Answer

A)   identifying specific objectives.
B)   sharing the vision of innovation.
C)   applying the exact tools of the entrepreneur.
D)   developing radical innovation.E) B) and C)
F) A) and B)

Question 7

Organizational boundaries allow people to focus on new ideas.

Accepted Answer

A) True 
 B)False

Question 8

Radical innovations must be nurtured.

Accepted Answer

A) True 
 B)False

Question 9

Secretly working on new ideas on company time as well as on personal time is referred to as

Accepted Answer

A)   skunk works.
B)   champion.
C)   bootlegging.
D)   interactive learning.E) None of the above
F) A) and B)

Question 10

Transformational triggers in a corporate entrenpreneurial environment initiates the need for

Accepted Answer

A)   laying off workers.
B)   strategically adapting to change.
C)   changing company location.
D)   achieving higher productivity standards.E) All of the above
F) A) and B)

Question 11

Which of the following is an advantage to developing an entrepreneurial environment?

Accepted Answer

A)   a good benefits program.
B)   retention and motivation of the best employees
C)   creation of a workforce that adheres to strict rules
D)   a flexible work environment regarding time off workE) A) and D)
F) A) and C)

Question 12

Key features in the success of any innovative program include all of the following except

Accepted Answer

A)   confidence.
B)   trust.
C)   accountability.
D)   high profitability.E) B) and D)
F) B) and C)

Question 13

Very large corporations, such as 3M, have really struggled with corporate entrepreneurship ventures.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not a strategy for corporate entrepreneuring?

Accepted Answer

A)   promote personal growth
B)   use people-style management
C)   decrease the use of third-party contracts
D)   allow entrepreneur to develop ideasE) All of the above
F) A) and C)

Question 15

One step an organization can take to make its corporate environment more innovative is to

Accepted Answer

A)   gain top management support of an entrepreneuring program.
B)   fire top management and hire young executives.
C)   change the dress code to "casual attire."
D)   give across-the-board raises.E) None of the above
F) A) and C) A

Question 16

The success of corporate entrepreneurship depends on the entrepreneurs within the firm.

Accepted Answer

A) True 
 B)False

Question 17

A healthy environment for corporate entrepreneurship exists when employees feel a sense of ownership in the company.

Accepted Answer

A) True 
 B)False

Question 18

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

Accepted Answer

A) True 
 B)False

Question 19

Entrepreneurship within the corporate structure allows employees to develop their ideas without

Accepted Answer

A)   losing their jobs to more loyal subordinates.
B)   the risk associated with leaving the company.
C)   making their spouses angry that they quit their jobs.
D)   fear of being promoted.E) A) and B)
F) A) and C)

Question 20

Corporate entrepreneurial activity takes place _____ the firm.

Accepted Answer

A)   only with outside suppliers to
B)   with anyone outside
C)   both inside and outside
D)   insideE) A) and D)
F) B) and C)

Exam 3: The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Typically, when faced with setbacks or failure, entrepreneurs

Correct AnswerverifiedShow Answer

A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurial projects.

Correct AnswerverifiedTrue

Which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy?

Correct AnswerverifiedShow Answer

One reason why corporate entrepreneurship has done so well is that it allows organizations to

Correct AnswerverifiedD

Skunk works are project groups that work within the traditional lines of authority.

Correct AnswerverifiedShow Answer

The first step in planning a strategy of entrepreneurship for enterprise is

Correct AnswerverifiedShow Answer

Organizational boundaries allow people to focus on new ideas.

Correct AnswerverifiedShow Answer

Radical innovations must be nurtured.

Correct AnswerverifiedShow Answer

Secretly working on new ideas on company time as well as on personal time is referred to as

Correct AnswerverifiedShow Answer

Transformational triggers in a corporate entrenpreneurial environment initiates the need for

Correct AnswerverifiedShow Answer

Which of the following is an advantage to developing an entrepreneurial environment?

Correct AnswerverifiedShow Answer

Key features in the success of any innovative program include all of the following except

Correct AnswerverifiedShow Answer

Very large corporations, such as 3M, have really struggled with corporate entrepreneurship ventures.

Correct AnswerverifiedShow Answer

Which of the following is not a strategy for corporate entrepreneuring?

Correct AnswerverifiedShow Answer

One step an organization can take to make its corporate environment more innovative is to

Correct AnswerverifiedA

The success of corporate entrepreneurship depends on the entrepreneurs within the firm.

Correct AnswerverifiedShow Answer

A healthy environment for corporate entrepreneurship exists when employees feel a sense of ownership in the company.

Correct AnswerverifiedShow Answer

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

Correct AnswerverifiedShow Answer

Entrepreneurship within the corporate structure allows employees to develop their ideas without

Correct AnswerverifiedShow Answer

Corporate entrepreneurial activity takes place _____ the firm.

Correct AnswerverifiedShow Answer

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True

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D

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A

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