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AMA University Answers
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Technopreneurship

Showing 1-75 of 178 answers

_____ is a major hurdle for every new and existing entrepreneur to overcome
  • Entrepreneurial process Correct
  • Market pull
  • Diffusion
  • Technology push
36
______ involves the conversion of new knowledge into a new product, process or service
  • Corporation
  • Partnership
  • proprietorship
  • Innovation Correct
52
______ is a business that does not involve partners, but is owned by one individual who may work alone or employ others
  • Single or the Sole proprietorship Correct
  • Business Process
  • Corporation
  • Partnership
26
______ is a combination of factors that play a role in the development of entrepreneurship
  • Entrepreneurial Environment Correct
  • Corporation
  • Partnership
  • or the Sole proprietorship
19
______ is a form of a commercial organization that is characterized by having a specific social objective that serves it primary purpose
  • Social Business Correct
  • Government
  • Traditional Business
  • Capital Ventures
18
______ is a formal arrangement in which two or more parties cooperate to manage and operate a business
  • Partnership Correct
  • Corporation
  • Single or the sole proprietorship
  • Bussiness Process
27
______ is an important component of the entrepreneurial process
  • Logic
  • Opportunity Recognition Correct
  • Principles
  • Process
25
______ is the view that it is the new knowledge created by technologists or scientists that pushes the innovation process
  • Social entrepreneurship/entrepreneurs
  • Entrepreneurial process
  • Technology push Correct
  • Market pull
25
______ it is an idea that has commercial potential
  • Entrepender
  • Enterperdre
  • Opportunity Correct
  • Enterpender
23
______ students believe their basic abilities, their intelligence, their talents, are just fixed traits
  • Principles
  • Fixed mindset Correct
  • Logic
  • Process
18
______ the established set of attitudes held by someone
  • Entrepreneurial
  • Mindset Correct
  • Entrepreneurial Mindset
  • Entrepreneurial set
23
_______ is a control of information or process in business that directs the flow in one straight or same direction
  • Push Correct
  • Pull
  • Business Process
  • Enterprise Community Management (ECM)
22
_____________ is a new breed of entrepreneurship.
  • Technoprenuership Correct
378
_____________ relates to the final product (or service) to be sold, especially with regard to its features
  • Product Innovation Correct
  • Process Innovation
  • Open Innovation
  • Closed Innovation
17
_______________ is an entrepreneurial venture which is typically a newly emerged business that aims to meet a marketplace need by developing a viable business model around a product, service, process or a platform
  • Start-up Correct
102
________________ fostering communities of connected suppliers, agents, distributors, franchisees, technology entrepreneurs and makers of complementary products
  • Ecosystems Correct
  • Corporate Venturing
  • Non Profit Venture
  • Spin offs
26
________________ investing externally in new ventures thereby protecting early-stage ventures from internal bureaucracy and by spreading risk
  • Spin offs
  • Non Profit Venture
  • Ecosystems
  • Corporate Venturing Correct
22
________________ the generation of small innovative units from larger organizations
  • Ecosystems
  • Non Profit Venture
  • Spin offs Correct
  • Corporate Venturing
25
_____________________ Focused on individuals who aims to create answers to social and environmental difficulties by means of current business methods and approaches
  • Corporate Social Responsibility
  • Social Entrepreneurship Correct
  • Corporate Enterprise
  • Social Enterprise
14
________________is the process by which innovations spread amongst users This can vary with respect to both speed and extent
  • Diffusion Correct
  • Technology push
  • Market pull
  • Entrepreneurial process
48
_____________is the view that it is the pull of users in the market that is responsible for innovation 'Lead users' are of particular importance
  • Market pull Correct
  • Entrepreneurial process
  • Technology push
  • Social entrepreneurship/entrepreneurs
26
_______a transparent glass ball used by someone who says they can discover what will happen to you in the future by looking into it
  • Effectual Process
  • Entrepreneurial thought process
  • Lone Visionary Correct
  • Mindset
40
_______uses the resources of the firm efficiently while entrepreneurial is driven by presence of generation of opportunities for new entry and is less concerned about the resources that may require pursuing opportunities
  • Mindset
  • Entreprenuerial
  • Managerial Correct
  • Strategic
17
______Causation processe stake a particular effect as given and focus on selecting between means to create that effect
  • Logic
  • Effectual Principles
  • Managerial Thinking Correct
  • Effectual Process
26
______is a much wider than just supporting one small team or community of practice within an organization, but is about having responsibility for building and sustaining a community across the whole of the organization
  • Business Process
  • Enterprise Community Management (ECM) Correct
  • Partnership
  • Single or the Sole proprietorship
20
______Reflect people's characteristic pattern of thoughts,feelings and behaviors
  • Fixed Mindset
  • Opportunity Recognition
  • Personality/ trait theory Correct
  • Lone Visionary
24
A _____________ starts out with nothing but an ‘idea’.
  • Technopreneurship Correct
232
A ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time
  • Balance sheet Correct
210
A business going into administration,meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.
  • Administration Correct
111
A clearly defined vision __________
  • Provides direction
  • Determines decisions
  • all of the above Correct
  • Motivates people
35
A legal entity with an existence and life separate from its owners, who therefore are not personally liable for its debts
  • sole proprietorship
  • partnership
  • franchise
  • limited liability company Correct
86
1
A quote of what interest paid on savings and investments would be. It is calculated by adding each interest payment to the original deposit, then working out the next interest payment, compounding the interest.
  • Annual equivalent rate (AER) Correct
168
A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
  • Affiliate marketing Correct
53
A Social Enterprise model characterized by organizations that donate a share of their incomes to nonprofits that addresses basic unmet needs
  • Donate Back Correct
  • Opportunity Employment
  • Profit Sharing
  • Transformative Product/Services
21
A Social Enterprise model characterized by organizations that hire people who have significant obstacles or are differently-abled than mainstream employment
  • Donate Back
  • Opportunity Employment Correct
  • Profit Sharing
  • Transformative Product/Services
25
A Social Enterprise model characterized by organizations that make social or environmental impact through ground-breaking products and services
  • Transformative Product/Services Correct
  • Opportunity Employment
  • Profit Sharing
  • Donate Back
25
A technopreneur constantly learns and improves, innovates and disrupts the workings of people, organizations and ______________.
  • Nation as a whole Correct
86
A written summary of an entrepreneur's proposed business venture, its operational and financial details, its marketing opportunities and strategy, and its managers' skills and abilities
  • Business Strategy
  • Marketing Strategy
  • Business Model
  • Business Plan Correct
155
1
Access to capital
  • My Social Resources Correct
  • My Physical Resources
23
Access to equipment and laboratories
  • My Social Resources
  • My Physical Resources Correct
24
Access to incubators or accelerators
  • My Physical Resources Correct
  • My Social Resources
39
According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are most likely to launchbusinesses when they are between the ages of 35 and 44
  • True Correct
  • False
37
According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as likely to start abusiness as women
  • True Correct
  • False
37
Advantages of economic scale are not present and the capital requirements to enter are low
  • Rivalry
  • New Entrants Correct
  • Buyers
  • Suppliers
59
1
Also known as an angel investor. An individual who provides capital for a business start-up in return for a stake in the company.
  • Business angel Correct
304
Amounts of money owed by your company to external suppliers.
  • Accounts payable Correct
184
An ___________ refers to the environment in which the business operates – including competitors, consumers, resources, government regulations, political, economic, cultural and social variables, all of which have an impact on the way a product is designed and used and the business entity is run.
  • Ecosystem Correct
289
An ______________ is a person who identifies an opportunity, converts it into a product or service, estimates earnings and profit and builds a successful business with it.
  • Entrepreneurship Correct
229
An official inspection of a company’s, or individual’s, accounts.
  • Audit Correct
274
An original, functional model of a new product that entrepreneurs can put into the hands of potential customers so they can see it, test it and use it
  • trial
  • research
  • questionnaire
  • prototype Correct
59
1
Any activity which is undertaken with an intention to earn profit is called __________
  • asset
  • business Correct
  • employment
  • credit
61
1
Building a start-up company with very little money, often relying on personal savings and pushing for the lowest possible operating costs, while implementing cost-saving systems such as fast inventory turnaround.
  • Bootstrapping Correct
92
Business to business
  • B2B Correct
169
Businesses are obligated to produce an annual set of accounts.
  • Accounts Correct
236
Characteristics of people, their skills, experience, and motivation, play important roles in new venture creation
  • True Correct
  • False
23
Choose a form of organization by evaluating _____
  • The ability to raise funds
  • The ease and cost of forming the business
  • Owner's liability for firm's debts
  • all of the choices Correct
74
1
Company's general business goalsand the company's immediate objectives
  • Business and Industry Profile Correct
  • Executive Summary
  • Business Strategy
  • Marketing Strategy
40
1
Complete the flow of the Entrepreneurial Process
  • Harvesting > Developing a Business plan > Resourcing > Managing Company
  • Resourcing > Managing Company > Harvesting > Developing a Business plan
  • Managing Company > Harvesting > Developing a Business plan > Resourcing
  • Developing a Business plan > Resourcing > Managing Company > Harvesting Correct
32
Created probiotic bacteria that would increase the level of good bacteria in the body
  • Alfredo Yao
  • Henry Sy
  • Mariano Que
  • Gregorio Sanchez Jr Correct
25
Description of production process, strategic raw materials, sources, costs
  • Description of Product or Service Correct
  • Business Strategy
  • Executive Summary
  • Business and Industry Profile
59
1
Disruptive innovation creates substantial growth by offering a new performance trajectory and inferior performance of existing technologies will never have an opportunity for growth
  • True
  • False Correct
28
Entrepreneurs are born, the environment around them may or may not contribute to success
  • True
  • False Correct
19
Entrepreneurs are paralyzed by the prospect of failure
  • True
  • False Correct
35
Entrepreneurs tend to exhibit __________
  • A high degree of commitment
  • Tolerance for ambiguity
  • Flexibility
  • All of the above Correct
73
2
Environmental Analysis Positive Environment Encourages entrepreneurial development and growth-create an environment of:
  • Entrepreneurial Environment
  • Entrepreneurial Motivation Correct
  • Corporation
  • Sole proprietorship
20
Existing or anticipated profitability of the industry
  • Marketing Strategy
  • Business and Industry Profile Correct
  • Business Strategy
  • Executive Summary
65
1
Failure is a natural part of the creative process
  • True Correct
  • False
38
For a _____________, it is not as much about the money as it is about the affirmation that the ‘idea’ is a worthy one and that it works.
  • Technopreneurship Correct
78
Formed by people with similar interests, such as customers and suppliers
  • cooperatives Correct
  • franchises
  • joint venturesCost and complexity of formation
  • stockholders
40
1
Geographic knowledge
  • My Social Resources
  • My Physical Resources Correct
30
He creates a product or solution that uses the heft and capability of technology to change the way something was traditionally done.
  • Technopreneurship Correct
245
He defies existing practices and systems and thinks of doing things differently.
  • Technopreneurship Correct
88
Hobbies and personal interests
  • My Social Resources
  • My Physical Resources Correct
19
If they go low, you go high or remain silent Give grace, not to them, but because acting with grace says something empowering about you
  • Love what you do
  • Embrace imperfect moments
  • Trust yourself
  • Hold yourself with grace Correct
20
In General Partnerships,each partner can co-own assets and share profits
  • True Correct
  • False
96
1
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