Question 1 (1 point) "Given any industry in general, as the entrepreneurial venture grows, new functional areas need people." O True O False Question 2 (1 point) An analysis of the various aspects of a proposed entrepreneurial venture that is designed to determine if the venture makes business sense is.. O Entrepreneurial study O Realistic study Business study O Feasibility studyQuestion 3 [1 point} An organization that is independently owned, operated, and nanced; has fewer than 100 employees; and has relatively little impact on its industry is.. 0 Mid sized business 0 Part time busienss 0 Small business 0 Independent business Question 4 {1 point} Social need refers to the need of a segment of society caused by factors such as physical and mental disabilities; language barriers: and cultural, social, or geographical isolation. Question 5 [1 point} \"Code of Ethics is a formal statement of an organization's primary values and the ethical rules it expects its employees to follow." Question 9 {1 point} Management considering the impact of their organization on the natural environment is known as.. 0 Natural management 0 Green management 0 Efficient management 0 Socially:r responsible management Question 10 [1 point] Awritten document that summarizes a business opportunity and defines and articulates howr the identified opportunity is to be seized and exploited is.. 0 None of the given 0 FESlhlllt'f Analysis Report 0 Business Plan 0 Value Proposition Question 11 {1 point] A specific type of alliance in which the partners agree to form a separate, independent organization for some business purpose is.. 0 Joint Venture 0 None of the given 0 Strategic Alliance 0 Partnership Question 12 {1 point] While understanding the potential and studying their marketplace considerations, which of the following is NOT to be considered? 0 Are you prepared to deal with rejection and failure? 0 What similar or unique product features does your proposed idea have compared to what's currently on the market? 0 How and where will potential customers purchase your product? Question 13 {1 point] Socially Responsible Investing refers to the funds which provide a way for individual investors to support socially responsible companies. Question 14 (1 point) Exiting a venture when an entrepreneur hopes to capitalize financially on the investment in the venture is.. Diversifying Falling back Harvesting O Liquidating Question 15 (1 point) Research that accesses, rather than generates, new knowledge and applies it to a practical or commercial purpose is.. O Exploratory Research Research and Development Applied Research Commercial ResearchQuestion 115 [1 point] While evaluating the potential competitors, which of the following should NOT be studied? 0 What are the strengths and weaknesses of competitors' products? 0 What do competitors attempt to do differentlv from other companies? 0 How do competitors handle marketing, pricing, and distributing? 0 None of the given. Question 17" [1 point] As per the classical view regarding social responsibility, a firm should.. 0 focus on maximizing profits for the benefit of the stockholders. 0 focus to protect and improve societv's welfare. 0 None of the given. 0 have a moral responsibility to larger societvr \"to do the right thing". Question 18 [1 point] A firm that maintains operations in multiple countries but manages from the home country is.. O Multinational Corporation [MNC] O Transnational Companyr O Multidomestic Corporation 0 Global Com pant.r Question 19 [1 point] A firm's engaging in social actions in response to some popular social need is.. 0 Social responsiveness O A loss of profit 0 None of the given 0 Social obligation Question 20 (1 point) What Do Entrepreneurs Do? researches the venture's feasibility C assesses the potential for the entrepreneurial venture organizes the venture shifts into more of a managerial role launches the venture Question 21 (1 point) A process of changing, experimenting, transforming, and revolutionizing a part of an entire organization is.. O Growth O Development O InnovationQuestion 22 [1 point) An analysis of the benefits, costs, and value that an organization can deliver to customers and other groups within and outside of the organization is.. 0 Value Proposition 0 Project Report 0 Business Plan 0 Feasibility Study Question 23 [1 point] "Whistle-blowers are individuals who raise ethical concerns or issues to others inside or outside the organization.&quot