Entrepreneurship Robert Hisrich 11th m m m mm
Edition- Test Bank m m
To Purchase this Complete Test Bank with Answers Click the l
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ink Belowm
https://tbzuiqe.com/product/entrepreneurship-robert-hisrich-11th-edition-test-bank/
If face any problem or Further information contact us At
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Sample Test m
Entrepreneurship, 11e (Hisrich) m m
Chapter 3 Generating and Exploiting New Entries
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1) An entrepreneurial strategy has three key stages—
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the generation of a new entry opportunity, the exploitation of a new entry op
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portunity, and a feedback loop back to the first stage.
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Answer: TRUE Diff m m
iculty: 1 Easy m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
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ves new entry.
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Accessibility: Keyboard Navigation m m
2) A highly skilled workforce represents an important resource, but the impac
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t of this resource on performance is reduced when it is combined with an
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,organizational culture that enhances communication, teamwork, and innovativ
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eness.
Answer: FALSE Di m m
fficulty: 1 Easy m m
Learning Objective: 03-
m m
02 To be able to think about how an entrepreneurial strategy can first generat
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e and then exploit over time a new entry.
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Accessibility: Keyboard Navigation m m
3) A new entry can be either offering a new product to a new market o
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r creating a new organization.
m m m m
Answer: TRUE Diff m m
iculty: 1 Easy
m m
Learning Objective: 03-
m m
01 To understand that the essential act of entrepreneurship invol
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ves new entry.
m m
Accessibility: Keyboard Navigation m m
4) Newness of a new entry is always an advantage.
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Answer: FALSE Di m m
fficulty: 2 Medium
m m
Learning Objective: 03-
m m
01 To understand that the essential act of entrepreneurship invol
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ves new entry.
m m
Accessibility: Keyboard Navigation m m
5) An entrepreneurial strategy is the set of decisions, actions, and reaction
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s that protect the firm from new entrants.
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,Answer: FALSE Di m m
fficulty: 1 Easy m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
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ves new entry.
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Accessibility: Keyboard Navigation m m
6) The long- m
run performance of a firm is dependent upon the ability to generate a
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nd exploit numerous new entries.
m m m m
Answer: TRUE Diff m m
iculty: 2 Medium m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
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ves new entry.
m m
Accessibility: Keyboard Navigation m m
7) In order to be the basis for a firm’s superior performance, a bundle o
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f resources must be valuable, rare, and imitable.
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Answer: FALSE Di m m
fficulty: 2 Medium m m
Learning Objective: 03- m m
02 To be able to think about how an entrepreneurial strategy can first generat
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e and then exploit over time a new entry.
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Accessibility: Keyboard Navigation m m
8) The purpose of a franchise is to protect the owner of a unique technolog
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y from people imitating that technology.
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Answer: FALSE Di m m
fficulty: 2 Medium m m
, Learning Objective: 03-
m m
02 To be able to think about how an entrepreneurial strategy can first generat
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e and then exploit over time a new entry.
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Accessibility: Keyboard Navigation
m m
9) Knowledge is the basis of the entrepreneurial resource.
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Answer: TRUE Diffm m
iculty: 2 Medium
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Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
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es.
Accessibility: Keyboard Navigation
m m
10) Experience is idiosyncratic—unique to the life of the individual.
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Answer: TRUE Diffm m
iculty: 1 Easy
m m
Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
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es.
Accessibility: Keyboard Navigation
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11) The knowledge needed to generate innovation cannot be easily learne
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d from a textbook.
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Answer: TRUE Diffm m
iculty: 2 Medium
m m
Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
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es.
Edition- Test Bank m m
To Purchase this Complete Test Bank with Answers Click the l
m m m m m m m m m m
ink Belowm
https://tbzuiqe.com/product/entrepreneurship-robert-hisrich-11th-edition-test-bank/
If face any problem or Further information contact us At
m m m m m m m m m m
Sample Test m
Entrepreneurship, 11e (Hisrich) m m
Chapter 3 Generating and Exploiting New Entries
m m m m m
1) An entrepreneurial strategy has three key stages—
m m m m m m
the generation of a new entry opportunity, the exploitation of a new entry op
m m m m m m m m m m m m m
portunity, and a feedback loop back to the first stage.
m m m m m m m m m
Answer: TRUE Diff m m
iculty: 1 Easy m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
m m m m m m m m m
ves new entry.
m m
Accessibility: Keyboard Navigation m m
2) A highly skilled workforce represents an important resource, but the impac
m m m m m m m m m m
t of this resource on performance is reduced when it is combined with an
m m m m m m m m m m m m m
,organizational culture that enhances communication, teamwork, and innovativ
m m m m m m m
eness.
Answer: FALSE Di m m
fficulty: 1 Easy m m
Learning Objective: 03-
m m
02 To be able to think about how an entrepreneurial strategy can first generat
m m m m m m m m m m m m m
e and then exploit over time a new entry.
m m m m m m m m
Accessibility: Keyboard Navigation m m
3) A new entry can be either offering a new product to a new market o
m m m m m m m m m m m m m m
r creating a new organization.
m m m m
Answer: TRUE Diff m m
iculty: 1 Easy
m m
Learning Objective: 03-
m m
01 To understand that the essential act of entrepreneurship invol
m m m m m m m m m
ves new entry.
m m
Accessibility: Keyboard Navigation m m
4) Newness of a new entry is always an advantage.
m m m m m m m m
Answer: FALSE Di m m
fficulty: 2 Medium
m m
Learning Objective: 03-
m m
01 To understand that the essential act of entrepreneurship invol
m m m m m m m m m
ves new entry.
m m
Accessibility: Keyboard Navigation m m
5) An entrepreneurial strategy is the set of decisions, actions, and reaction
m m m m m m m m m m
s that protect the firm from new entrants.
m m m m m m m
,Answer: FALSE Di m m
fficulty: 1 Easy m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
m m m m m m m m m
ves new entry.
m m
Accessibility: Keyboard Navigation m m
6) The long- m
run performance of a firm is dependent upon the ability to generate a
m m m m m m m m m m m m
nd exploit numerous new entries.
m m m m
Answer: TRUE Diff m m
iculty: 2 Medium m m
Learning Objective: 03- m m
01 To understand that the essential act of entrepreneurship invol
m m m m m m m m m
ves new entry.
m m
Accessibility: Keyboard Navigation m m
7) In order to be the basis for a firm’s superior performance, a bundle o
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f resources must be valuable, rare, and imitable.
m m m m m m m
Answer: FALSE Di m m
fficulty: 2 Medium m m
Learning Objective: 03- m m
02 To be able to think about how an entrepreneurial strategy can first generat
m m m m m m m m m m m m m
e and then exploit over time a new entry.
m m m m m m m m
Accessibility: Keyboard Navigation m m
8) The purpose of a franchise is to protect the owner of a unique technolog
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y from people imitating that technology.
m m m m m
Answer: FALSE Di m m
fficulty: 2 Medium m m
, Learning Objective: 03-
m m
02 To be able to think about how an entrepreneurial strategy can first generat
m m m m m m m m m m m m m
e and then exploit over time a new entry.
m m m m m m m m
Accessibility: Keyboard Navigation
m m
9) Knowledge is the basis of the entrepreneurial resource.
m m m m m m m
Answer: TRUE Diffm m
iculty: 2 Medium
m m
Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
m m m m m m m m m m m
es.
Accessibility: Keyboard Navigation
m m
10) Experience is idiosyncratic—unique to the life of the individual.
m m m m m m m m
Answer: TRUE Diffm m
iculty: 1 Easy
m m
Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
m m m m m m m m m m m
es.
Accessibility: Keyboard Navigation
m m
11) The knowledge needed to generate innovation cannot be easily learne
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d from a textbook.
m m m
Answer: TRUE Diffm m
iculty: 2 Medium
m m
Learning Objective: 03-
m m
03 To understand how resources are involved in the generation of opportuniti
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es.
