BUSI 3007 Week 6 Final Exam 100 Correct 24 August 2020

BUSI 3007 Week 6 Final Exam (100% Correct 24 August 2020)

• 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:

• 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:

• Question: All of the following are skills needed by the entrepreneur, except _______. 1 / 4

Your Answer: Technical skills

Business management skills Bureaucratic skills CORRECT Personal entrepreneurial skills

Points Received: 2 of 2

Comments:

• 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:

• Question: In the loss-orientation process of grief recovery, when are painful memories likely

to dominate most?

• / 4

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:

• 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:

• Question: In the light of commitment towards opportunities, traditional firms, unlike

entrepreneurially managed firms, place considerable emphasis on _______.

Your Answer: Investment opportunities

Resources deployed 3 / 4

Information and its analysis CORRECT ANSWER Strategic orientation INCORRECT

Points Received: 0 of 2

Comments:

• 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:

• Question: The management structure of an entrepreneurially managed firm is _______.

Your Answer: Driven by perception of opportunity

Primarily bureaucratic Organic CORRECT Fluid

• / 4