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Practice Quiz
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1
Innovation involves using new knowledge only to create commercially viable products and services.
A)True
B)False
2
Product innovations are commonly associated with a high cost strategy.
A)True
B)False
3
Research indicates that leaders of more innovative firms spend less than fifty percent of their time on discovery activities.
A)True
B)False
4
Innovation efforts of the firm often do not benefit from partnering with universities and government agencies.
A)True
B)False
5
When corporate venturing is dispersed, the corporate entrepreneurship activities are isolated from the existing operations of the firm.
A)True
B)False
6
Focused approaches to corporate entrepreneurship are often found in organizations with a weak spirit of entrepreneurship.
A)True
B)False
7
The strategic goals of corporate entrepreneurship are often of greater importance than the financial goals.
A)True
B)False
8
If managers know that a certain option value must be met in order for the proposal to get approved, they can back-solve the model thus creating a potential pitfall for the company.
A)True
B)False
9
Proactiveness is a response to opportunities as opposed to threats.
A)True
B)False
10
Whereas exit champions gather hard data and develop a strong case for why a project should be killed, ____________ are willing to violate procedures and operate outside normal channels.
A)entrepreneurial leaders
B)financial managers
C)product champions
D)marketing managers





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