Correct Answers 2026/2027
What are cultural norms? - Correct Answer-an organization's expectations of its members'
behavior in any given situation
According to Cameron and Quinn's Competing Values Framework model, in which type of
organizational culture are the leaders efficient, organized, and striving to run a smooth operation
by following procedures and policies? - Correct Answer-hierarchy
Lower and middle-level managers typically only initiate and implement all of the following kinds of
change except? - Correct Answer-invention of economic models
Which of the following would not be an example of change typically brought about by the political
environment? - Correct Answer-advances in life sciences technology
The type of change that can be described as "doing better things" - according to the First, Second,
and Third Order Change Model - is which of the following types of change? - Correct Answer-
reformative change
In the Bridges' Transitional Model, which of the following would not be a suggestion for managing
Stage 1? - Correct Answer-develop short-term goals, interim
The fundamentals that drive successful change include communication, training, _____, and
______. - Correct Answer-leadership engagement, measurement
, What are the types of cultures described by Cameron and Quinn in the Competing Values
Framework model? - Correct Answer-clan, adhocracy, market, and hierarchy
The ____________ view of leaders' impact on organizational culture holds that leaders shape and
mold organizational culture - Correct Answer-functionalist
Among the forces for environmental change, demographic change is an example of ________
change, and change in values is an example of ______ change. - Correct Answer-socioeconomic,
cultural
The push to reduce companies' and individuals' carbon footprints would be categorized as which
type of environmental change? - Correct Answer-cultural
Which of the following best exemplifies the corridor principle? - Correct Answer-Beta testing of a
new social app shows that users exclusively use one feature and feedback reveals that they want
to see it as its own app.
You have been given a new product to evaluate. In Stage Two of the entrepreneurial process,
which of the following pieces of information would have no bearing on whether you would decide to
push forward with a new business venture? - Correct Answer-Whether the product has an
accepted, filed, or pending patent application
Companies that encourage employees to pursue risky new ideas internally are practicing - Correct
Answer-intrapreneurship
Which of the following qualities is perhaps most needed by an entrepreneur planning to enter a
highly competitive market. - Correct Answer-optimism
What information will an entrepreneur most likely not glean from assessing the competition? -
Correct Answer-their future product plans
After a year, a start up venture runs out of funds and must disband. What crucial financial planning
step(s) did the founders most likely fail to do correctly? - Correct Answer-forecast cash flow
Which of the following involves a firm supplying rights to proprietary ideas, products to other
businesses in exchange for payment? - Correct Answer-licensing
Under Resource-based Theory, a start-up firm with many initial investors most enjoys which of the
following key resources? - Correct Answer-Valuable
Which of the following is an example of innovative stewardship of public resources? - Correct
Answer-the Roman aqueducts
which is typically the best predictor of entrepreneurial success? - Correct Answer-the amount of
related industry experience an entrepreneur has in the specific marketplace
What is the ideal length of a new venture's business plan, according to experts? - Correct Answer-
50 pages