Entrepreneurial Behavior

In lieu of new competitive landscape of the modern world, firms must develop a process of continual transformation

• True
• False

A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business.

• True
• False

The final step in the entrepreneurial process wherein, an entrepreneur decides on the future prospects of the business

• Resourcing
• Harvesting
• Closing
• Actualization

_____________ is a Causation processes take a particular effect as given and focus on selecting between means to create that effect

• Entrepreneurial Thought Process
• Entrepreneurial Thinking
• Managerial Thinking
• Effectual Process

______ students believe their basic abilities, their intelligence, their talents, are just fixed traits.

• Process
• Fixed mindset
• Logic
• Principles

A Social Enterprise model characterized by organizations that hire people who have significant obstacles or are differently-abled than mainstream employment.

• Donate Back
• Opportunity Employment
• Transformative Product/Services
• Profit Sharing

____________ is about recognizing opportunity and understanding how to capitalize on it

• Effectual Process
• Managerial Thinking
• Entrepreneurial Thought Process
• Entrepreneurial Thinking

_____________________ Focused on individuals who aims to create answers to social and environmental difficulties by means of current business methods and approaches.

• Corporate Enterprise
• Social Enterprise
• Corporate Social Responsibility
• Social Entrepreneurship

A Social Enterprise model characterized by organizations that donate a share of their incomes to nonprofits that addresses basic unmet needs.

• Transformative Product/Services
• Profit Sharing
• Donate Back
• Opportunity Employment

The idea of Social Enterprise started in what country?

• Canada
• UK
• China
• US

_________________is an evidence of social enterprise's advancement as a field.

• Both Impact Investing & Conscious Consumerism
• Conscious Consumerism
• None of the choices
• Impact Investing

______ is an important component of the entrepreneurial process.

• Process
• Opportunity Recognition
• Logic
• Principles

The most important aspect of a corporation is limited liability

• True
• False

Which of the following is a NOT a reason for building a social enterprise?

• Entreprenuiers who take part of their profits to give to back to communities
• Profit-generating organization
• Support certain cause
• Getting employees from at risk groups

The main advantage of sole proprietorship is the difficulty in making managerial decisions because there is no partner to consult with.

• True
• False

______ are individuals and groups who create independent organizations to mobilize ideas and resources to address social problems, typically earning revenues but on a not-for-profit basis.

• Diffusion
• Technology push
• Social entrepreneurship/entrepreneurs
• Market pull

The stage in which the entrepreneur operates the business and utilizes resources to achieve its goals/objectives is called

• Actualization
• Logic
• Harvesting
• Resourcing

Complete the flow of the Entrepreneurial Process

• Managing Company > Harvesting > Developing a Business plan > Resourcing
• Developing a Business plan > Resourcing > Managing Company > Harvesting
• Resourcing > Managing Company > Harvesting > Developing a Business plan
• Harvesting > Developing a Business plan > Resourcing > Managing Company

A theory of Entrepreneurship similar to a transparent glass ball used by someone who says they can discover what will happen to you in the future by looking into it

• Opporunity Recognition
• Trait Theory
• Lone Visionary
• Right Place Right Time

A Social Enterprise model characterized by organizations that make social or environmental impact through ground-breaking products and services.

• Donate Back
• Transformative Product/Services
• Opportunity Employment
• Profit Sharing

Which of the following is NOT a characteristic of the purely philanthropic enterprise spectrum

• Market-rate prices
• Appeal to goodwill, Mission driven, Social value
• Pay nothing
• Donations & Grants

_______ is a control of information or process in business that directs the flow in one straight or same direction.

• Enterprise Community Management (ECM)
• Push
• Business Process
• Pull

______ is a form of a commercial organization that is characterized by having a specific social objective that serves it primary purpose

• Government
• Capital Ventures
• Social Business
• Traditional Business

______ is a business that does not involve partners, but is owned by one individual who may work alone or employ others.

• Single or the Sole proprietorship
• Partnership
• Corporation
• Business Process

______ is the view that it is the new knowledge created by technologists or scientists that pushes the innovation process.

• Social entrepreneurship/entrepreneurs
• Technology push
• Market pull
• Entrepreneurial process

______ the established set of attitudes held by someone

• Entrepreneurial
• Entrepreneurial set
• Entrepreneurial Mindset
• Mindset

Business partner should be hands-on in managing the business or venture

• True
• False

______ is a formal arrangement in which two or more parties cooperate to manage and operate a business.

• Single or the Sole proprietorship
• Partnership
• Corporation
• Business Process

Social enterprise can be seen as the intersection of of what two factors?

• Volunteer and Private Sector
• Traditional Business and Non Profits
• Government and Traditional Business
• Capital Ventures and Private Sector

______ is a much wider than just supporting one small team or community of practice within an organization, but is about having responsibility for building and sustaining a community across the whole of the organization.

• Business Process
• Single or the Sole proprietorship
• Partnership
• Enterprise Community Management (ECM)

Refers to a specific state of mind which orientates human conduct towards entrepreneurial activities and outcomes.

• Entrepreneurial set
• Entrepreneurial
• Entrepreneurial Mindset
• Mindset

_______ acts as a benchmark and the evaluation criteria to see if the organization is moving towards its set goals

• Enterprise Community Management (ECM)
• Business Process
• Business Plan
• Business Pull

____ defined as a set of activities and tasks that, once completed, will accomplish an organizational goal

• Business process
• Diffusion
• Market pull
• Technology Push

_____ are individuals and groups who create independent organizations to mobilize ideas and resources to address social problems, typically earning revenues but on a not-for-profit basis

• Social Entrepreneurship/entrepreneurs
• Entrepreneurial process
• Technology Push
• Diffusion

A corporation is referred to as a legal person

• True
• False

A theory of Entrepreneurship that are influenced by two important factors: timing and luck

• Trait Theory
• Opporunity Recognition
• Lone Visionary
• Right Place Right Time

_____ is the view that it is the new knowledge created by technologists or scientists that pushes the innovation process.

• Market pull
• Diffusion
• Entrepreneurial process
• Technology Push

A cultural level that has to be considered by Enterprise Community Management characterized by what we see, what a newcomer, visitor or consultant would notice

• Norms & Values
• Underlying Assumptions
• Artifacts & Behaviors Diffusion
• Technological Process

In the entrepreneurial process, the identification and the evaluation of opportunities is an easy task because the entrepreneur can easily seek inputs from employees or partners.

• True
• False

_____ is a major hurdle for every new and existing entrepreneur to overcome.

• Market pull
• Technology push
• Entrepreneurial process
• Diffusion

A cultural level that has to be considered by Enterprise Community Management characterized by what they say, what we would be told is the reason things are the way they are and should be. Company philosophy, norms and justifications

• Underlying Assumptions
• Norms & Values
• Artifacts & Behaviors Diffusion
• Technological Process

Which of the following is a NOT a definition of a social enterprise

• All are acceptable definitions
• Build to eradicate all social problems
• Organizations that address a basic unmet need or solve a social problem through a market-driven approach
• Has a specific objective and a primary purpose

______ It is a collection of linked tasks which find their end in the delivery of a service or product to a client.

• Corporation
• Single or the Sole proprietorship
• Partnership
• Business Process

A theory of Entrepreneurship that involves people's characteristic pattern of thoughts, feelings and behaviours

• Right Place Right Time
• Trait Theory
• Lone Visionary
• Opporunity Recognition

A cultural level that has to be considered by Enterprise Community Management characterized by what they deeply believe in and act on Unconscious, taken for granted beliefs about the organization and its work/purpose, about people, rewards

• Underlying Assumptions
• Technological Process
• Artifacts & Behaviors Diffusion
• Norms & Values

Integrating all social and collaborative initiatives into a common platform is one of the activities of Enterprise Community Management

• True
• False

The word "entrepreneur" originates from the French word ______, which means "undertaker" as in the sense of someone undertaking a major project.

• Enterperdre
• Enterpender
• Entrependre
• Entrepender

______ is the view that it is the pull of users in the market that is responsible for innovation.

• Entrepreneurial process
• Social entrepreneurship/entrepreneurs
• Technology push
• Market pull

_____ is the process by which innovations spread amongst users.

• Market pull
• Entrepreneurial process
• Technology Push
• Diffusion