ELE 3010 MIDTERM EXAM HOPE PARNELL 2026
STUDY GUIDE COMPLETE ELECTRICAL
ENGINEERING CONCEPTS AND PRACTICE
QUESTIONS
◉ True. Answer: T/F: Generally, independent, venture-capital based
start-ups by entrepreneurs tend to outperform corporate start-ups
significantly
◉ securing commitment from top management. Answer: The first
step in establishing corporate entrepreneurship in an organization
is:
◉ False. Answer: T/F: Customers always embrace change in
products and services.
◉ can learn from the action of first movers without incurring the
same costs. Answer: By delaying entry, late movers:
◉ True. Answer: T/F: Entrepreneurially managed firm structure is
usually flat with multiple informal networks
, ◉ False. Answer: T/F: In the McMullen-Shepherd Model the first
stage is the evaluation stage
◉ A company must be willing to invest money without a guarantee
of a return. Answer: Which of the following is true about corporate
entrepreneurship?
◉ True. Answer: T/F: Entrepreneurial opportunities are those
situations in which new goods, services, raw materials and
organizing methods can be sold at greater than their production
cost.
◉ Risk. Answer: ______ refers to the probability, and magnitude, of
downside loss.
◉ Creating a new product development process for your company.
Answer: A new entry includes all of the following except:
◉ True. Answer: T/F: The question "What is this technology all
about?" is a comprehension question.
◉ resources. Answer: The basic building blocks to a firm, or the
inputs into the production process , are:
STUDY GUIDE COMPLETE ELECTRICAL
ENGINEERING CONCEPTS AND PRACTICE
QUESTIONS
◉ True. Answer: T/F: Generally, independent, venture-capital based
start-ups by entrepreneurs tend to outperform corporate start-ups
significantly
◉ securing commitment from top management. Answer: The first
step in establishing corporate entrepreneurship in an organization
is:
◉ False. Answer: T/F: Customers always embrace change in
products and services.
◉ can learn from the action of first movers without incurring the
same costs. Answer: By delaying entry, late movers:
◉ True. Answer: T/F: Entrepreneurially managed firm structure is
usually flat with multiple informal networks
, ◉ False. Answer: T/F: In the McMullen-Shepherd Model the first
stage is the evaluation stage
◉ A company must be willing to invest money without a guarantee
of a return. Answer: Which of the following is true about corporate
entrepreneurship?
◉ True. Answer: T/F: Entrepreneurial opportunities are those
situations in which new goods, services, raw materials and
organizing methods can be sold at greater than their production
cost.
◉ Risk. Answer: ______ refers to the probability, and magnitude, of
downside loss.
◉ Creating a new product development process for your company.
Answer: A new entry includes all of the following except:
◉ True. Answer: T/F: The question "What is this technology all
about?" is a comprehension question.
◉ resources. Answer: The basic building blocks to a firm, or the
inputs into the production process , are:
