Question 1

Thinking and behaving entrepreneurially can help a person's career.

Accepted Answer

A) True 
 B)False

Question 2

_____ refers to an approach to assessing performance that targets managers' attention on four areas: financial, customer, internal business process, and learning and growth.

Accepted Answer

A)  SWOT analysis
B)  PESTLE analysis
C)  The balanced scorecard
D)  The triple bottom line
E)  EFQM ModelF) A) and B)
G) B) and E)

Question 3

Skyway manufactures fighter jets.It aims to be the top aircraft manufacturing company in the world.This is an example of the _____ of the company.

Accepted Answer

A)  vision
B)  mission
C)  dimension
D)  scope
E)  goalF) A) and B)
G) C) and E)

Question 4

A mission ignores the key elements of the organization's past and present and looks mostly towards the future.

Accepted Answer

A) True 
 B)False

Question 5

Internal business process measures of performance relate to customer attraction, satisfaction, and retention.

Accepted Answer

A) True 
 B)False

Question 6

Entrepreneurial thinking and doing is limited to those who begin in their garage with a new idea, financed by family members or personal savings.

Accepted Answer

A) True 
 B)False

Question 7

Organizations need support from their key stakeholders, such as employees, owners, suppliers, and customers, in order to prosper.

Accepted Answer

A) True 
 B)False

Question 8

An automobile manufacturing company wants to be the first company in the world to launch a car that would require no human intervention to run on the road.It wants to do so by year 2020.The fact that the company has a set target date to complete the task reflects the _____ dimension of a goal.

Accepted Answer

A)  realistic
B)  aggressive
C)  measurable
D)  time-bound
E)  specificF) A) and B)
G) None of the above

Question 9

Which of the following statements describes the "aggressive" aspect of a goal?

Accepted Answer

A)  The goal that is achieved is quantifiable.
B)  The achievement of the goal is feasible.
C)  The goal is achieved through the creation of deadlines.
D)  The goal is explicit rather than vague.
E)  The goal presents a significant challenge to the organization.F) B) and D)
G) A) and B)

Question 10

A performance _____ is a benchmark used to make sense of an organization's standing along a performance measure.

Accepted Answer

A)  count
B)  referent
C)  line
D)  measure
E)  markF) A) and D)
G) B) and C)

Question 11

Which of the following statements describes the term "proactiveness" as a dimension of entrepreneurial orientation?

Accepted Answer

A)  It refers to the tendency to anticipate and act on future needs.
B)  It refers to the tendency to pursue creativity and experimentation.
C)  It tells whether an individual or team of individuals within an organization has the freedom to develop an entrepreneurial idea and then see it through to completion.
D)  It refers to the tendency to intensely and directly challenge competitors.
E)  It refers to the tendency to engage in bold rather than cautious actions.F) B) and E)
G) C) and D)

Question 12

Innovations always require brand new skills thus making existing skills obsolete.

Accepted Answer

A) True 
 B)False

Question 13

The triple bottom line framework ignores traditional organization profits as a measure of organizational performance.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements describes learning and growth measures as a part of the balanced scorecard?

Accepted Answer

A)  They relate to client attraction, satisfaction, and retention.
B)  They focus on innovation and proceeds with an understanding that strategies change over time.
C)  They relate to organizational efficiency.
D)  They focus on corporate social responsibility.
E)  They relate to organizational effectiveness and profits.F) A) and C)
G) B) and D)

Question 15

The triple bottom line framework highlights areas such as social responsibility.

Accepted Answer

A) True 
 B)False

Question 16

Entrepreneurial _____ is a term that refers to the processes, practices, and decision-making styles of organizations that act entrepreneurially.

Accepted Answer

A)  orientation
B)  measure
C)  analysis
D)  culture
E)  referentF) A) and E)
G) A) and C)

Question 17

Which of the following statements describes internal business process measures as a part of the balanced scorecard?

Accepted Answer

A)  They relate to client attraction, satisfaction, and retention.
B)  They focus on innovation and proceeds with an understanding that strategies change over time.
C)  They relate to organizational efficiency.
D)  They focus on corporate social responsibility.
E)  They relate to organizational effectiveness and profits.F) A) and B)
G) A) and C)

Question 18

The management of a football club regularly encourages and funds its coaches and trainers to take courses on sports' science.They believes that the application of scientific principles and techniques helps its players to improve their performance on the field.This is an example of a(n)  _____ measure used to assess organizational performance.

Accepted Answer

A)  internal business process
B)  public responsibility
C)  financial
D)  customer
E)  learning and growthF) A) and B)
G) C) and D)

Question 19

Which of the following statements describes financial measures as a part of the balanced scorecard?

Accepted Answer

A)  They relates to client attraction, satisfaction, and retention.
B)  They focus on innovation and proceeds with an understanding that strategies change over time.
C)  They relate to organizational efficiency.
D)  They focus on corporate social responsibility.
E)  They relate to organizational effectiveness and profits.F) None of the above
G) B) and D)

Question 20

Customer measures of performance are commonly articulated and emphasized within an organization's annual report to shareholders.

Accepted Answer

A) True 
 B)False

Exam 2: Leading Strategically

Internal business process measures of performance relate to customer attraction, satisfaction, and retention.

Correct Answer
verified

Customer measures of performance are commonly articulated and emphasized within an organization's annual report to shareholders.

Correct Answer
verified

An automobile manufacturing company wants to be the first company in the world to launch a car that would require no human intervention to run on the road.It wants to do so by year 2020.The fact that the company has a set target date to complete the task reflects the _____ dimension of a goal.

Correct Answer
verified

Entrepreneurial thinking and doing is limited to those who begin in their garage with a new idea, financed by family members or personal savings.

Correct Answer
verified

Organizations need support from their key stakeholders, such as employees, owners, suppliers, and customers, in order to prosper.

Correct Answer
verified

Innovations always require brand new skills thus making existing skills obsolete.

Correct Answer
verified

Which of the following statements describes the "aggressive" aspect of a goal?

Correct Answer
verified

The triple bottom line framework highlights areas such as social responsibility.

Correct Answer
verified

_____ refers to an approach to assessing performance that targets managers' attention on four areas: financial, customer, internal business process, and learning and growth.

Correct Answer
verified

Which of the following statements describes learning and growth measures as a part of the balanced scorecard?

Correct Answer
verified

Entrepreneurial _____ is a term that refers to the processes, practices, and decision-making styles of organizations that act entrepreneurially.

Correct Answer
verified

A performance _____ is a benchmark used to make sense of an organization's standing along a performance measure.

Correct Answer
verified

Thinking and behaving entrepreneurially can help a person's career.

Correct Answer
verified

Which of the following statements describes internal business process measures as a part of the balanced scorecard?

Correct Answer
verified

The triple bottom line framework ignores traditional organization profits as a measure of organizational performance.

Correct Answer
verified

Skyway manufactures fighter jets.It aims to be the top aircraft manufacturing company in the world.This is an example of the _____ of the company.

Correct Answer
verified

Correct Answer
verified

Which of the following statements describes the term "proactiveness" as a dimension of entrepreneurial orientation?

Correct Answer
verified

Which of the following statements describes financial measures as a part of the balanced scorecard?

Correct Answer
verified

A mission ignores the key elements of the organization's past and present and looks mostly towards the future.

Correct Answer
verified

Exam 2: Leading Strategically

Internal business process measures of performance relate to customer attraction, satisfaction, and retention.

Correct AnswerverifiedShow Answer

Customer measures of performance are commonly articulated and emphasized within an organization's annual report to shareholders.

Correct AnswerverifiedShow Answer

An automobile manufacturing company wants to be the first company in the world to launch a car that would require no human intervention to run on the road.It wants to do so by year 2020.The fact that the company has a set target date to complete the task reflects the _____ dimension of a goal.

Correct AnswerverifiedShow Answer

Entrepreneurial thinking and doing is limited to those who begin in their garage with a new idea, financed by family members or personal savings.

Correct AnswerverifiedShow Answer

Organizations need support from their key stakeholders, such as employees, owners, suppliers, and customers, in order to prosper.

Correct AnswerverifiedShow Answer

Innovations always require brand new skills thus making existing skills obsolete.

Correct AnswerverifiedShow Answer

Which of the following statements describes the "aggressive" aspect of a goal?

Correct AnswerverifiedShow Answer

The triple bottom line framework highlights areas such as social responsibility.

Correct AnswerverifiedShow Answer

_____ refers to an approach to assessing performance that targets managers' attention on four areas: financial, customer, internal business process, and learning and growth.

Correct AnswerverifiedShow Answer

Which of the following statements describes learning and growth measures as a part of the balanced scorecard?

Correct AnswerverifiedShow Answer

Entrepreneurial _____ is a term that refers to the processes, practices, and decision-making styles of organizations that act entrepreneurially.

Correct AnswerverifiedShow Answer

A performance _____ is a benchmark used to make sense of an organization's standing along a performance measure.

Correct AnswerverifiedShow Answer

Thinking and behaving entrepreneurially can help a person's career.

Correct AnswerverifiedShow Answer

Which of the following statements describes internal business process measures as a part of the balanced scorecard?

Correct AnswerverifiedShow Answer

The triple bottom line framework ignores traditional organization profits as a measure of organizational performance.

Correct AnswerverifiedShow Answer

Skyway manufactures fighter jets.It aims to be the top aircraft manufacturing company in the world.This is an example of the _____ of the company.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following statements describes the term "proactiveness" as a dimension of entrepreneurial orientation?

Correct AnswerverifiedShow Answer

Which of the following statements describes financial measures as a part of the balanced scorecard?

Correct AnswerverifiedShow Answer

A mission ignores the key elements of the organization's past and present and looks mostly towards the future.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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