Corporate Entrepreneurship Test: Quiz!

121 Questions | Total Attempts: 1925

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Corporate Entrepreneurship Test: Quiz! - Quiz

Opportunities are all around us, and there are those among us who are not afraid to take them. These said people could fill a gap in the market and fill it. Have you heard about corporate entrepreneurship? If so then take up the quiz below and see just how much you know about it and what it entails. All the best!


Questions and Answers
  • 1. 
    What is from the list below address to business model basic questions? (more than one answer is possible):
    • A. 

      A. What transport documentation templates we use?

    • B. 

      B. What is the market for product?

    • C. 

      C. What transport we use to deliver our product?

  • 2. 
    Which definitions among presented below you may refer to Strategic Entrepreneurship? (more than one answer is possible):
    • A. 

      A. For sure includes creation of a new business

    • B. 

      B. High degree of entrepreneurial intensity, which is adapted to pursuit completive advantage

    • C. 

      C. More refers to behavior and mindset, that to guidelines

  • 3. 
    Emergent investments can be described as:
    • A. 

      A. Investments in markets which are not important these days, but may become in a future

    • B. 

      B. Re-invention

    • C. 

      C. Regular and continuous introducing of new products and services or entering new markets

  • 4. 
    What are the main indicators that a project got a venture status (Burgelman, 1983):
    • A. 

      A. Technical and marketing development has started

    • B. 

      B. The product has been fully commercialized

    • C. 

      C. The project has got general manager and its own budget

    • D. 

      D. The project is fully incorporated into corporation’s concept of strategy

  • 5. 
    What is the worst problem which might occur if the product is commercialized to not fully finished during Strategic forcing phase ((Burgelman, 1983)?
    • A. 

      A. The product doesn’t sell well

    • B. 

      B. Venture manager might get fired

    • C. 

      C. Company might lose a lot of money while fixing not properly working products

    • D. 

      D. The product might be not compatible with other company’s products

  • 6. 
    Which of the following is NOT part of the Resource orchestration process:
    • A. 

      A. Structuring

    • B. 

      B. Bundling

    • C. 

      C. Exploitation

    • D. 

      D. Value creation and appropriation

  • 7. 
    Which one of the following is NOT main output of the Strategic entrepreneurship process:
    • A. 

      A. Individual benefits

    • B. 

      B. Organizational benefits

    • C. 

      C. Societal benefits

    • D. 

      D. Governmental benefits

  • 8. 
    What kind of purpose does a NPO has?
    • A. 

      A. Social

    • B. 

      B. Charity

    • C. 

      C. Power

    • D. 

      D. Money

  • 9. 
    Which one of these characteristics in a NPO is similar to a profit oriented organization?
    • A. 

      A. Purpose

    • B. 

      B. Competition

    • C. 

      C. Life Time cycle

    • D. 

      D. Measuring Performance

  • 10. 
    Which is NOT a tip for entrepreneurship in the government?
    • A. 

      A. See opportunities instead of challenges

    • B. 

      B. Be proactive

    • C. 

      C. Leaders should encourage innovation

    • D. 

      D. Setting up guidelines

  • 11. 
    Which form of the strategic entrepreneurship has the highest frequency of the entrepreneurial event in general
    • A. 

      A. Strategic renewal

    • B. 

      B. Sustained regeneration

    • C. 

      C. Domain redefinition

    • D. 

      D. Organizational rejuvenation

    • E. 

      E. Business model reconstruction

  • 12. 
    Dell Inc. is moving forward with plans to begin selling PCs through solution providers, channel partners and retail partners, instead of sticking with the pure direct sales model championed by company founder Michael Dell. Which form of strategic entrepreneurship does Dell adapt?
    • A. 

      A. Strategic renewal

    • B. 

      B. Sustained regeneration

    • C. 

      C. Domain redefinition

    • D. 

      D. Organizational rejuvenation

    • E. 

      E. Business model reconstruction

  • 13. 
    Which is the corporate venture capital investment extending the corporation’s presence in product market or technological arenas regarded as strategic to corporation?
    • A. 

      Enabling investment

    • B. 

      Driving investment

    • C. 

      Emergent

    • D. 

      Passive

  • 14. 
    Which parts of departments are involved in a new corporate venturing, according to Burgelman (1983):
    • A. 

      A. R&D

    • B. 

      B. Marketing

    • C. 

      C. Business Development

    • D. 

      D. All of the above

  • 15. 
    According to Burgelman, on which level is the main and most important motor for corporate entrepreneurship:
    • A. 

      A. Top executives – CEO level

    • B. 

      B. Senior executives – CFO and COO

    • C. 

      C. Operational managers – group leader level

    • D. 

      D. None of the above

  • 16. 
    What are the three types of corporate venturing? 1. Internal 2. External 3. Uncongested 4. Cooperative
    • A. 

      A. 1, 2 & 3

    • B. 

      B. 1,2 & 4

    • C. 

      C. 2,3 & 4

    • D. 

      D. 1,3 & 4

  • 17. 
    Why can the government be named “strategic entrepreneur”, according to the definition in Chapter 5?
    • A. 

      A. there are many government officials who want to raise the welfare level

    • B. 

      B. it has enough resources, capabilities to redistributing them effectively and generate social benefits

    • C. 

      C. strategic entrepreneurship in government organizations raises their current account

    • D. 

      D. government policy provides good conditions to run business

  • 18. 
    Name the main mission (purposes) of the entrepreneurial government?
    • A. 

      A. to create conditions for collective solving the society’s problems and meeting society’s needs

    • B. 

      B. to raise the welfare

    • C. 

      C. to develop partnership with business

    • D. 

      D. to enhance competitiveness

  • 19. 
    Choose the main motivation of the government to run a public entrepreneurship projects?
    • A. 

      A. to increase the level of public revenue

    • B. 

      B. to make competitive advantages with the private companies

    • C. 

      C. improving the welfare of the population in the country

    • D. 

      D. improving the government position among the population in the country

  • 20. 
    Which one does NOT belongs to the specific reasons of Leveraging motives
    • A. 

      A. to exploit underutilized resources

    • B. 

      B. to extract further value from existing resources

    • C. 

      C. to develop new competencies

    • D. 

      D. to divest noncore activities

  • 21. 
    Choose the examples of the public entrepreneurship?
    1. The organization which give free food for poor people
    2. Madonna is looking to adopt a child from 3rd world country
    3. Australian Red Cross
    4. Free parking places for people who are under 65 years old
    • A. 

      A. 1&3

    • B. 

      B. 1&4

    • C. 

      C. 2&3

    • D. 

      D. 1,2 & 3

  • 22. 
    There are many conflicting findings about characteristics associated with an entrepreneurial individual. However, consensus has been achieved on 6 characteristics. What are they?
    • A. 

      A. Motivated by achievement, internal locus of control, calculated risk takers, a high tolerance of ambiguity, prefer a degree of autonomy, tenacious and perseverant

    • B. 

      B. Motivated by wealth, power and money, internal locus of control, high risk takers, a high tolerance of ambiguity, prefer a degree of autonomy, tenacious and perseverant

    • C. 

      C. Team players, opportunity oriented, self-confident and optimistic, lack moral or ethics due to their strong desire to succeed, prefer a degree of autonomy, tenacious and perseverant

  • 23. 
    In the creative process people often face with the “creative blocks” that restrict people to be creative. What are the main sources of employee’s “creative blocks” in the organization?
    • A. 

      A. Employer, fellow employees, other people

    • B. 

      B. Individual itself, government, competitors

    • C. 

      C. Individual itself, fellow employees, workplace

  • 24. 
    What are the key elements of the HRM (Human Resource Management) system to create an entrepreneurial environment?
    • A. 

      A. Recruitment/selection, job planning/design, compensation/rewards

    • B. 

      B. Recruitment/selection, job planning/design, performance appraisals, training/development, compensation/rewards

    • C. 

      C. Job planning/design, training/development

  • 25. 
    Which HRM (Human Resource Management) practices are more associated with entrepreneurial orientation (Based on Morris & Jones (1995))?
    • A. 

      A. Performance appraisal and training/development

    • B. 

      B. Job planning/design and performance appraisal

    • C. 

      C. Performance appraisal and compensation/rewards

    • D. 

      D. Compensation/rewards and recruitment/selection

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