New Venture Creation: Entrepreneurship for the 21st Century 9th Edition by Stephen Spinelli test ban
Chapter 1
Student: ___________________________________________________________________________
1.
While leading U.S. venture capital firms are interested in establishing relationships and operations in China, the Chinese government continues to resist such overtures.
True False
2.
A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains.
True False
3.
Entrepreneurship training works well in schools of business and engineering, but has not proven to be useful in fields such as architecture, medicine, and life sciences.
True False
4.
The best entrepreneurship professors are able to determine in advance which of their incoming students will be the most effective entrepreneurs.
True False
5.
MIT researcher David Birch found that while new and growing smaller firms could be regionally important, they had little effect on the economy as a whole.
True False
6.
According to the U.S. Small Business Administration's Office of Advocacy, small businesses (those with fewer than 500 employees) represent more than 99 percent of all employers and provide about 75 percent of all new net jobs.
True False
7.
A 2010 report by The Guardian Life Small Business Research Institute indicated that women-owned businesses are limited mainly to small service enterprises with few employees.
True False
8.
While various surveys of high school seniors indicate a strong interest in entrepreneurship, a 2004 Gallup Poll showed that a large percentage of American parents would still prefer that their children pursue a less risky career.
True False
9.
Research in the 1980s and 1990s found that since World War II, small entrepreneurial firms have been responsible for half of all innovation and 95 percent of all radical innovation in the United States.
True False
10.
Studies indicate that although smaller firms often generate twice as many innovations per R&D dollar spent as the established multinationals, the large firms still produce more innovations per R&D scientist than entrepreneurial companies.
True False
11.
The world's first solar-powered motor—an innovation aimed at heading off the world's dangerous dependence on coal—was introduced in 1861.
True False
12.
What was the primary concept that entrepreneur Rick Adam applied from his years as a software engineer in order to develop two separate aircrafts—the A-500 and the A-700—while maintaining a time-to-market advantage over more entrenched competitors?
A.
Economies of scale
B.
Modularity
C.
Process mapping
D.
Horizontal management structure
13.
According to the text, which of the following is an important emerging field that is helping large population groups break out of poverty?
A.
Philanthropy
B.
Mentorship
C.
Doctoral programs
D.
Microcredit
14.
A European Union action plan to boost entrepreneurship in the region included all the following except:
A.
Improving the flow of finance
B.
Gearing entrepreneurs for growth and competitiveness
C.
Privatizing state-controlled enterprises
D.
Creating a more entrepreneurial-friendly regulatory and administrative framework
15.
Which of the following is not a characteristic of new venture creation?
A.
Fosters job creation
B.
Rewards talent and performance
C.
Creates economic and social mobility
D.
All of the above are characteristics of new venture creation
16.
Which of the following was not a company that fostered the formation of a new industry?
Student: ___________________________________________________________________________
1.
While leading U.S. venture capital firms are interested in establishing relationships and operations in China, the Chinese government continues to resist such overtures.
True False
2.
A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains.
True False
3.
Entrepreneurship training works well in schools of business and engineering, but has not proven to be useful in fields such as architecture, medicine, and life sciences.
True False
4.
The best entrepreneurship professors are able to determine in advance which of their incoming students will be the most effective entrepreneurs.
True False
5.
MIT researcher David Birch found that while new and growing smaller firms could be regionally important, they had little effect on the economy as a whole.
True False
6.
According to the U.S. Small Business Administration's Office of Advocacy, small businesses (those with fewer than 500 employees) represent more than 99 percent of all employers and provide about 75 percent of all new net jobs.
True False
7.
A 2010 report by The Guardian Life Small Business Research Institute indicated that women-owned businesses are limited mainly to small service enterprises with few employees.
True False
8.
While various surveys of high school seniors indicate a strong interest in entrepreneurship, a 2004 Gallup Poll showed that a large percentage of American parents would still prefer that their children pursue a less risky career.
True False
9.
Research in the 1980s and 1990s found that since World War II, small entrepreneurial firms have been responsible for half of all innovation and 95 percent of all radical innovation in the United States.
True False
10.
Studies indicate that although smaller firms often generate twice as many innovations per R&D dollar spent as the established multinationals, the large firms still produce more innovations per R&D scientist than entrepreneurial companies.
True False
11.
The world's first solar-powered motor—an innovation aimed at heading off the world's dangerous dependence on coal—was introduced in 1861.
True False
12.
What was the primary concept that entrepreneur Rick Adam applied from his years as a software engineer in order to develop two separate aircrafts—the A-500 and the A-700—while maintaining a time-to-market advantage over more entrenched competitors?
A.
Economies of scale
B.
Modularity
C.
Process mapping
D.
Horizontal management structure
13.
According to the text, which of the following is an important emerging field that is helping large population groups break out of poverty?
A.
Philanthropy
B.
Mentorship
C.
Doctoral programs
D.
Microcredit
14.
A European Union action plan to boost entrepreneurship in the region included all the following except:
A.
Improving the flow of finance
B.
Gearing entrepreneurs for growth and competitiveness
C.
Privatizing state-controlled enterprises
D.
Creating a more entrepreneurial-friendly regulatory and administrative framework
15.
Which of the following is not a characteristic of new venture creation?
A.
Fosters job creation
B.
Rewards talent and performance
C.
Creates economic and social mobility
D.
All of the above are characteristics of new venture creation
16.
Which of the following was not a company that fostered the formation of a new industry?