ANSWER SHEET, Lecture notes of Entrepreneurship

Download ANSWER SHEET and more Lecture notes Entrepreneurship in PDF only on Docsity! FINAL EXAM 2011 – A Primer in Entrepreneurship – Prof.Dr. Kaiser ANSWER SHEET Name: XXXXXXXXXXX Student ID: s XXXXXXXXXXX Please check if name and student ID are correct. If so, please sign here: ________________________________________ Please provide the answers to each of the questions on this answer sheet by marking the respective letter! EXAMPLE (note: the example answers may not be the actual correct answers) Mark “A” if you consider “A” to be correct. Mark “B“ if you consider “B“ to be correct. Mark “C” if you consider “C” to be correct. Mark “D” if you consider “D” to be correct. If you want to change your answer, clearly cross the initial answer (here: “D”) and mark the answer you consider correct (here: “B”) as described above. These instructions need to be followed ! Make sure that it is clear which answer you marked for each question – especially if you change your answer ! If your answer to a question is unclear (hence, if it is not clear which answer you marked), you will get zero points for that question. TURN OVER Student ID: s XXXXXXXXXX ANSWER SHEET 1.     26.     2.     27.     3.     28.     4.     29.     5.     30.     6.     31.     7.     32.     8.     33.     9.     34.     10.     35.     11.     36.     12.     37.     13.     38.     14.     39.     15.     40.     16.     41.     17.     42.     18.     43.     19.     44.     20.     45.     21.     46.     22.     47.     23.     48.     24.     49.     25.     50.     Final exam 2011 - A Primer in Entrepreneurship - Prof. Dr. Kaiser 4. According to the textbook and the lecture, the position of a firm along a conceptual continuum that ranges from highly conservative to highly entrepreneurial is referred to as its: A. innovative intensity B. entrepreneurial intensity C. entrepreneurial concentration D. innovative/entrepreneurial absorption 5. According to the textbook and the lecture, established firms with an entrepreneurial emphasis are: A. innovative, risk averse, and take a “wait and see” posture B. take a “wait and see” posture, are innovative, and are risk taking C. proactive, innovative, and risk taking D. proactive, not innovative, and risk taking 6. According to the textbook and the lecture, an opportunity has four essential qualities: it is A. showy, robust, timely, and practical B. practical, realistic, timely, and attractive C. technologically sophisticated, durable, practical, and timely D. attractive, durable, timely, and anchored in a product, service, or business that creates or adds value for its buyer or end user Final exam 2011 - A Primer in Entrepreneurship - Prof. Dr. Kaiser 7. Mary Porter is thinking about starting an e-commerce firm that would cater to soccer, fencing, and volleyball enthusiasts. Mary has been warned, however, that before she proceeds she should make sure that now is a realistic time to enter this market. According to the textbook and the lecture, Mary is being advised to make sure that the __________ is open to start the firm she is contemplating. A. portal of opportunity B. doorway of opportunity C. opportunity entryway D. window of opportunity 8. Mike Fields has just finished writing a business plan for a startup in the sporting goods industry. He has now reached the point where he needs to develop a plan for how his firm will compete, use its resources, structure its relationships, interface with customers, and create value to sustain itself on the basis of the profits it earns. According to the textbook and the lecture, Mike needs to establish his firm’s: A. feasibility plan B. business model C. business template D. operating plan 9. According to the textbook and the lecture, which of the following is not one of the purposes of a business model? A. serves as an ongoing extension of feasibility analysis B. serves as a template for conducting industry analysis C. focuses attention on how all the elements of a business fit together D. describes why the network of participants needed to make a business idea viable is willing to work together Final exam 2011 - A Primer in Entrepreneurship - Prof. Dr. Kaiser 10. According to the textbook and the lecture, a __________ is a formal statement of an organization’s values on certain ethical and social issues. A. code of morals B. code of principles C. code of conduct D. code of performance 11. According to the lecture, what is an entrepreneur’s main task according to Lazear (2005)? A. Put together a team and start the business B. Manage resources, put people together and combine them with physical capital and ideas C. Create ideas and put new products on the market D. Find market niches, create a business team, attract outside financing and start the business 12. As discussed in the lecture, what type of individuals become entrepreneurs according to Lazear (2005)? A. Individuals with specialized skills B. Individuals with balanced skills C. Lazear does not say anything about types D. Everyone becomes an entrepreneur 13. As discussed in the lecture, if one person fails to fulfill her task in Fabel (2004) A. That does not matter much for output B. Output is 0 C. Output is positive still D. Output is still large 14. As discussed in the lecture, what are implications of Fabel’s (2004) model: A. More able teams use more capital per team member B. More able teams use less capital per team member C. Capital and ability are unrelated D. More able teams use the same capital as less able teams NOTE: the final exam will consist of 50 questions!