Deck 20: International Entrepreneurship

Question 1

Governments have realized that entrepreneurial firms are a major source of economic growth, jobs, and competitive advantage and have been trying to form an environment conducive to their formation and prosperity.

Answer 1

True

Question 2

_______________ entrepreneurship examines the variation in entrepreneurship rates and patterns across nations; it also looks at the underlying reasons for the variation.

A) Comparative
B) Cross-border
C) Cooperative
D) None of the above

Answer 2

A

Question 3

The ____________ refer to as "a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

A) international new venture
B) born global
C) cross-border
D) only a and b

Answer 3

D

Question 4

___________ entrepreneurship examines similarities and differences between countries on the level of entrepreneurial activity, the business environment, and the motivations of would-be entrepreneurs.

A) Comparative
B) Cross-border
C) Cooperative
D) None of the above

Question 5

_______________ entrepreneurship looks at entrepreneurial activities that leverage national differences in environment and resources.

A) Comparative
B) Cross-border
C) Cooperative
D) None of the above

Question 6

Microsoft has formed a venture capital branch, seeking to identify and invest in technology start-ups overseas. This is an example of ___________ entrepreneurship.

A) comparative
B) cross-border
C) cooperative
D) none of the above

Question 7

An Irish high-tech start-up seeking an alliance with a Hong Kong company to produce its newly developed technology for sale in the U.S. market. This is an example of ___________ entrepreneurship.

A) comparative
B) cross-border
C) cooperative
D) none of the above

Question 8

Countries vary on the environmental characteristics that are considered conducive to entrepreneurial activity, in entrepreneurial motivation. Which of the following is correct?

A) Individuals choose to become entrepreneurs as a means toward self-fulfillment and/or riches.
B) Individuals choose to become entrepreneurs out of necessity because substitutes for upward mobility are scarce.
C) Individuals choose to become entrepreneurs because of their objectives to seek to grow a firm for a quick exit via an IPO and or an acquisition.
D) all of the above

Question 9

What are the phases of comparative entrepreneurship?

A) discovery, evaluation, satisfaction
B) discovery, evaluation, exploitation
C) discovery, exploitation, satisfaction
D) none of the above

Question 10

__________ covers the question of who discovers the entrepreneurial opportunities; which is mostly a function of the role of different social groups in the society and economy of a particular country.

A) Discovery
B) Evaluation
C) Exploitation
D) None of the above

Question 11

The _____________ phase looks at why some people will view those opportunities favorably while others do not.

A) discovery
B) evaluation
C) exploitation
D) none of the above

Question 12

Which of the comparative phases has the following function: The opportunity cost in the market of an entrepreneur is a product of culture and institutions?

A) Discovery
B) Evaluation
C) Exploitation
D) None of the above

Question 13

The _____________ phase is a product of local ecology - namely, the availability and specificity of the resources available in a given national environment, which assists entrepreneurs in taking advantage of available opportunities.

A) discovery
B) evaluation
C) exploitation
D) none of the above

Question 14

Within which of the following phases, entrepreneurs are motivated to develop role structure, satisfaction, and division of labor?

A) Discovery
B) Evaluation
C) Exploitation
D) none of the above

Question 15

Generally speaking, _______ individualism and _________ uncertainty avoidance encourage entrepreneurial activity, especially when opportunity based.

A) low, low
B) high, low
C) high, high
D) low, high

Question 16

The traits have been identified as related to entrepreneurial potential are ___________.

A) internal locus of control
B) moderate risk-taking propensity
C) high energy level
D) all of the above

Question 17

Firms from ______________ cultures tended to avoid technological alliances altogether.

A) high-masculinity
B) high-uncertainty
C) low-masculinity
D) low-uncertainty

Question 18

Small firms are much more likely to engage in _________ than undertake foreign direct investment, a result mostly of their limited resources.

A) joint venture
B) subsidiary venture
C) exports
D) none of the above

Question 19

In a sense, entrepreneurial firms possess qualities that prepare them to face the vagaries of international markets.

Question 20

International new ventures display rapid internationalization often, but not always, across multiple national markets.

Question 21

One study found that firms from individualistic, certainty-tolerant cultures relied less on alliances in the technology area.

Question 22

International entrepreneurship is defined as "the discovery, enactment, evaluation, and exploitation of opportunities across national borders to create future goods and services."

Question 23

The study of international entrepreneurship consists of two thrusts, cooperative and cross border.

Question 24

Comparative entrepreneurship examines similarities and differences between countries on the level of entrepreneurial activity, the business environment, and the motivations of would-be entrepreneurs.

Question 25

Cross-border entrepreneurship looks at entrepreneurial activities that leverage local differences in environment and resources.

Question 26

The "born global" or "international new venture" (INV) refer to "a business organization that, from inception, seeks to derive minimum competitive advantage from the use of resources and the sale of outputs in multiple countries."

Question 27

Comparative entrepreneurship examines the variation in entrepreneurship rates and patterns across nations; it also looks at the underlying reasons for the variation.

Question 28

The discovery phase is a product of local ecology - namely, the availability and specificity of the resources available in a given national environment, which assists entrepreneurs in taking advantage of available opportunities.

Question 29

The evaluation phase looks at why some people will view those opportunities favorably while others do not.

Question 30

Exploitation covers the question of who discovers the entrepreneurial opportunities; which is mostly a function of the role of different social groups in the society and economy of a particular country.

Question 31

The exploitation phase explains the motivation behind entrepreneurs relevant to role structure, satisfaction, and division of labor.

Question 32

Venture-creation decision was found to correlate with cultural dimensions in another study using a cognitive approach.

Question 33

Generally speaking, high individualism and low uncertainty avoidance encourage entrepreneurial activity, especially when opportunity based.

Question 34

The traits identified as related to entrepreneurial potential are internal locus of control, moderate risk-taking propensity, and low-energy level.

Question 35

International entrepreneurship covers the similarities and differences in entrepreneurial environments, capabilities, and motivations across countries.

Question 36

Funding opportunities and regulatory environment are among the main factors that determine the level of entrepreneurship.

Question 37

Accelerated globalization permits the distribution of diverse activities across borders.

Question 38

MNEs, on their part, increasingly realize that entrepreneurial capabilities and opportunities reside not only in their home country and are pursuing those opportunities.

Question 39

INVs benefit from international expansion in a number of ways. They are

A) developing learning capabilities.
B) tapping into various sources of innovation.
C) different sets of comparative advantages.
D) all of the above