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ELE 3010 MIDTERM (ACTUAL 2025/2026) EXAM
HOPE PARNELL CLEMSON UNIVERSITY VERIFIED
QUESTIONS WITH ANSWERS
A reflection task would involve thinking about what strategies should be used to
solve a problem. (True or false) - (answers)False
The effectuation process starts with what one has and selects among possible
outcomes (True or False) - (answers)True
Which is NOT a leadership characteristic of a corporate entrepreneur according to
the text?
A. Persistence
B. Flexibility and vision
C. Encourages colleagues to follow hierarchy
D. Encourages teamwork - (answers)C. Encourages colleagues to follow hierarchy
The first step in establishing corporate entrepreneurship in an organization is: -
(answers)securing commitment from top management
In regards to thinking structurally, superficial similarities:
A. Exist when the underlying mechanisms of the technology resemble (or match)
the underlying mechanisms of the market
B. Exist when supply is less than demand
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C. Exist when the basic (relatively easy to observe) elements of the technology
resemble the basic elements of the market.
D. Exist when entrepreneurs engage in bricolage - (answers)exist when the basic
(relatively easy to observe) elements of the technology resemble the basic
elements of the market.
Bricolage is entrepreneurs making do by applying combinations of the resources
at hand to new problems & opportunities (True or False) - (answers)True
By delaying entry, late movers:
A. Secure the window of opportunity
B. Have less information about market demand
C. Can learn from the actions of first movers without incurring the same costs
D. Can avoid high entry barriers - (answers)C. Can learn from the actions of first
movers without incurring the same costs
A broad-scope strategy:
A. Opens the firm up to many different "fronts" of competition.
B. Is vulnerable to the risk that market demand does not materialize as expected
and/or changes over time
C. Offers a way of reducing some competition-related risks
D. Focused the firm on producing customized products, localized business
operations, and high levels of craftsmanship - (answers)A. opens the firm up to
many different "fronts" of competition.
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The McMullen Shepherd Model helps identify the common traits of successful
entrepreneurs. (True or False) - (answers)False
Which of the following is true about corporate entrepreneurship?
A. Top management should not be involved in the process
B. Teams should be segmented by department
C. A company must be willing to invest money without a guarantee of a return in
the short term
D. Equity in a new venture should not be used as a reward due to its uncertain
value - (answers)C. A company must be willing to invest money without a
guarantee of a return in the short term
Newness of a new entry is always an advantage. (True or False) - (answers)False
Customers always embrace change in products and services. (True or False) -
(answers)False
In encouraging culture for corporate entrepreneurship, using older, proven,
technology is recommended in order to increase stability in the organization.
(True or False) - (answers)False
The basic building blocks to a firm, or the inputs into the production process, are:
A. Competition
ELE 3010 MIDTERM (ACTUAL 2025/2026) EXAM
HOPE PARNELL CLEMSON UNIVERSITY VERIFIED
QUESTIONS WITH ANSWERS
A reflection task would involve thinking about what strategies should be used to
solve a problem. (True or false) - (answers)False
The effectuation process starts with what one has and selects among possible
outcomes (True or False) - (answers)True
Which is NOT a leadership characteristic of a corporate entrepreneur according to
the text?
A. Persistence
B. Flexibility and vision
C. Encourages colleagues to follow hierarchy
D. Encourages teamwork - (answers)C. Encourages colleagues to follow hierarchy
The first step in establishing corporate entrepreneurship in an organization is: -
(answers)securing commitment from top management
In regards to thinking structurally, superficial similarities:
A. Exist when the underlying mechanisms of the technology resemble (or match)
the underlying mechanisms of the market
B. Exist when supply is less than demand
,2|Page
C. Exist when the basic (relatively easy to observe) elements of the technology
resemble the basic elements of the market.
D. Exist when entrepreneurs engage in bricolage - (answers)exist when the basic
(relatively easy to observe) elements of the technology resemble the basic
elements of the market.
Bricolage is entrepreneurs making do by applying combinations of the resources
at hand to new problems & opportunities (True or False) - (answers)True
By delaying entry, late movers:
A. Secure the window of opportunity
B. Have less information about market demand
C. Can learn from the actions of first movers without incurring the same costs
D. Can avoid high entry barriers - (answers)C. Can learn from the actions of first
movers without incurring the same costs
A broad-scope strategy:
A. Opens the firm up to many different "fronts" of competition.
B. Is vulnerable to the risk that market demand does not materialize as expected
and/or changes over time
C. Offers a way of reducing some competition-related risks
D. Focused the firm on producing customized products, localized business
operations, and high levels of craftsmanship - (answers)A. opens the firm up to
many different "fronts" of competition.
, 3|Page
The McMullen Shepherd Model helps identify the common traits of successful
entrepreneurs. (True or False) - (answers)False
Which of the following is true about corporate entrepreneurship?
A. Top management should not be involved in the process
B. Teams should be segmented by department
C. A company must be willing to invest money without a guarantee of a return in
the short term
D. Equity in a new venture should not be used as a reward due to its uncertain
value - (answers)C. A company must be willing to invest money without a
guarantee of a return in the short term
Newness of a new entry is always an advantage. (True or False) - (answers)False
Customers always embrace change in products and services. (True or False) -
(answers)False
In encouraging culture for corporate entrepreneurship, using older, proven,
technology is recommended in order to increase stability in the organization.
(True or False) - (answers)False
The basic building blocks to a firm, or the inputs into the production process, are:
A. Competition
