BA 325 Central Texas College Traditional Value Chains Questionnaire

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ba 325

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BA 325 New Venture Creation Mid-Term Session 4 20/21 True/False 1. According to Thomas Friedman, his book titled "The World is Flat" refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains. True False 2. Value creation is a linear process as it requires a short-term perspective. True False 3. In the context of psychological motivation of entrepreneurial behavior, the need for power is the need to influence others to achieve a goal. True False 4. All successful business people share characteristics of raw energy and intelligence. True False 5. Entrepreneurship results in the creation, enhancement, realization, and renewal of value, not just for owners, but for all participants and stakeholders. True False 6. The classic expression of entrepreneurship is the raw start-up company, an innovative idea that develops into a high-growth company. True False 7. Building weak ties is one of the facets of looking through a sustainability lens. True False 8. The key to succeeding is failing slowly. True False 9. Successful entrepreneurs realize that knowing what to do is more important than knowing what not to do. True False 10. Corporate social responsibility (CSR), which emphasizes doing good and serving communities while still making a profit, provides good examples of hybrid models of social entrepreneurship. True False 11. In a business plan, the business concept should be described vaguely in the executive summary to attract more venture capitalists. True False 12. With failure rates exceeding 60 percent, the high-growth stage is the most perilous stage for new ventures. True False 13. In Stage 1 of the Kohlberg construct of moral instincts and behaviors of an individual, the individual seeks advantage. True False Multiple Choice 14. The SBA defines a small business as one with fewer than ___ employees a. 250 b. 385 c. 500 d. 700 15. Which of the following is an entrepreneurial transformation that is changing the world? a. Entrepreneurship is now being discouraged in corporate America. b. Entrepreneurship topics and related issues are being removed from the curricula of business schools as they are self-taught. c. Entrepreneurship is becoming a tool to create social and economic equalities. d. Entrepreneurship is becoming a dominant management model for running nonprofit businesses. 16. Which of the following is true of new venture creation? a. It is process oriented and not result oriented. b. It gives importance to one's nationality. c. It creates economic and social mobility. d. It reduces competitiveness. 17. What is at the heart of the entrepreneurial process? a. Innovation and creativity b. Opportunity recognition c. Team work d. Marshalling resources 18. According to the threshold concept, which of the following ventures is likely to overcome failure? a. A venture that reaches a critical mass of 10 people with $500,000 in revenues b. A venture that reaches a critical mass of 5 people with $2 million in revenues c. A venture that reaches a critical mass of 15 people with $2.5 million in revenues d. A venture that reaches a critical mass of 6 people with $1.5 million in revenues 19. Which of the following is one of the 12 principles in green chemistry? a. Using raw materials and feedstocks that are depleting rather than renewable b. Using catalysts, and not stoichiometric reagents c. Using chemical derivatives whenever possible d. Using solvents, separation agents, or other auxiliary chemicals rather than innocuous chemicals 20. In which of the following emerging market has NatureWorks assumed a leadership role? a. Biofuels b. Green cleaners c. Greener plastics d. Waste recycling 21. What annual growth rate is indicative of a thriving and expansive industry—one that creates niches for new entrants? a. 5 to 10 percent b. 10 to 20 percent c. 30 to 50 percent d. 10 to 25 percent 22. High value for a company can be created by the potential to be a market leader and to capture at least _____ percent share of the market. a. 10 b. 20 c. 5 d 15 23. Attractive opportunities have the potential to yield a return on investment of _____ percent or more per year. a. 25 b. 20 c. 15 d. 10 24. With regard to the capital markets, what is most critical in initial public offerings? a. Audited documentation b. Timing c. Market adoption d. The underwriter 25. In the early 1970s, the notion of wicked problems emerged out of the complexity of resolving issues related to ____. a. price inflation b. oil shortages c. urban and governmental planning d. declining gross domestic product (GDP) 26. Social venture capitals seek to invest in for-profit ventures not only for financial return but also for social and environmental returns that are referred to as ____. a. social venture commitments b. enterprising nonprofits c. triple bottom line d. double top line 27. When raising venture capital, which of the following is a guideline to be followed? a. Meet with an associate or a junior member a number of times before meeting with a partner in that venture capital firm. b. Be vague when describing other potential venture capitalists. c. Prepare a business plan only after raising venture capital. d. Outsource the business plan to attract more venture capitalists. 28. In which stage of venture growth do new ventures exhibit a failure rate exceeding 60 percent? a. The nascent stage b. The startup stage c. The high-growth stage d. The mature stage 29. What percentage of a fully diluted company do investors typically like to see set aside for attracting future talent and creating incentives and rewards for high performance? a. 5 to10 percent b. 10 to 20 percent c. 20 to 30 percent d. 30 to 40 percent 30. Who is associated with deontology one's duty to act? a. J. Stewart Mill b. Aristotle c. Kohlberg d. Kant
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Explanation & Answer

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BA 325 New Venture Creation Mid-Term Session 4
20/21
True/False
1. According to Thomas Friedman, his book titled "The World is Flat" refers to the
convergence of technology and world events that are playing a role in bringing about
significant changes in traditional value chains.
True False
2. Value creation is a linear process as it requires a short-term perspective.
True False
3. In the context of psychological motivation of entrepreneurial behavior, the need for
power is the need to influence others to achieve a goal.
True False
4. All successful business people share characteristics of raw energy and intelligence.
True False
5. Entrepreneurship results in the creation, enhancement, realization, and renewal of
value, not just for owners, but for all participants and stakeholders.
True False
6. The classic expression of entrepreneurship is the raw start-up company, an
innovative idea that develops into a high-growth company.
True False
7. Building weak ties is one of the facets of looking through a sustainability lens.
True False
8. The key to succeeding is failing slowly.
True False

9. Succ...


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