Klausur Flashcards
John Osher, who is the inventor of the spin brush, can be seen as …
a.
A serial entrepreneur.
b.
A failed entrepreneur.
c.
A sustainable entrepreneur.
d.
An entrepreneur following the causation approach.
a.
A serial entrepreneur.
What is true about firm categories and their prevalence?
a.
Decacorns are firms valued at over $100B.
b.
Small enterprises have more than 50 employees and account for around 6.7 percent of total businesses.
c.
USA, China, UK, India, and Germany are the countries with the most unicorns.
d.
Inveox and Flixbus were examples of German unicorns.
c.
USA, China, UK, India, and Germany are the countries with the most unicorns.
Which founding teams can benefit from a team charter and why?
a.
Teams based on strong ties because the charter can help maximize the founding team’s human capital.
b.
Teams based on strong ties because the charter can help professionalize relationships.
c.
Teams based on weak ties because the charter can help develop ideas outside the joint knowledge corridor.
d.
Teams based on weak ties because the charter can help the team members to open up to new teammates.
b.
Teams based on strong ties because the charter can help professionalize relationships.
Looking at the Business Model Canvas of Flixbus, the bus companies are Flixbus’s most important:
a.
Key Partners and Customers.
b.
Customers.
c.
Key Partners.
d.
Revenue Stream.
c.
Key Partners.
Social networks play an important role in entrepreneurship. According to Davidsson and Honig (2003), which of the following circumstances has the highest impact on starting a business?
a.
Being member of a business network.
b.
Being encouraged by friends.
c.
Having friends in business.
d.
Having parents in business.
b.
Being encouraged by friends.
The process of developing a business opportunity involves:
a.
Concealing the idea from other people.
b.
Gradually reducing the uncertainty surrounding the business idea.
c.
Sticking to the initial business idea in order to reduce uncertainty.
d.
Coming to an inspiring and stable vision of the young venture.
b.
Gradually reducing the uncertainty surrounding the business idea.
According to the lecture, what is NOT a key activity of start-up entrepreneurs?
Wählen Sie eine Antwort:
a.
Supplier relationships.
b.
Environmental monitoring.
c.
Asking for funding.
d.
Obtaining and dealing with customers.
a.
Supplier relationships.
Entrepreneurs must often make decisions under conditions of risk. What is true about risk?
Wählen Sie eine Antwort:
a.
It is an antonym of uncertainty.
b.
Conditions of uncertainty and conditions of risk bear fundamentally different challenges for entrepreneurs.
c.
Need for risk-taking is an important entrepreneurial motive.
d.
The probability of an outcome is not possible to determine or is unknowable.
b.
Conditions of uncertainty and conditions of risk bear fundamentally different challenges for entrepreneurs.
What is true about the equity split in entrepreneurial teams?
Wählen Sie eine Antwort:
a.
Teams that split the equity equally can avoid conflicts around the equity distribution.
b.
Teams that split the equity late often rely on a backwards orientation.
c.
Teams that rely on vesting are less attractive for venture capitalists.
d.
Teams that rely on a forwards orientation will particularly value the team members’ commitment to the venture.
d.
Teams that rely on a forwards orientation will particularly value the team members’ commitment to the venture.
According to the lecture, what is NOT an example of how a venture can create value for the key customers?
Wählen Sie eine Antwort:
a.
Through risk reduction.
b.
Through partnership.
c.
Through newness.
d.
Through convenience.
b.
Through partnership.
According to the study by Ruef et al. (2009), which of the following teams are an example of the most popular relational team composition?
Wählen Sie eine Antwort:
a.
Ben & Jerry’s - the entrepreneurial team members were best friends.
b.
Celonis - the entrepreneurial team members are fellow students.
c.
Inveox - the entrepreneurial team members are married.
d.
Sun - the initial entrepreneurial team members were strangers.
c.
Inveox - the entrepreneurial team members are married.
The TUM startup Inveox develops smart containers that help to avoid mixing up samples of materials. The founders decided to focus on pathology labs. Now, doctors can place body tissue in these containers increasing the safety and reliability of cancer diagnostics. However, these smart containers could also have been used in many different industries, such as geology, forensics, or chemistry. According to the lecture, which strategy describes the approach of Inveox best?
Wählen Sie eine Antwort:
a.
Late-mover strategy.
b.
Broad-scope strategy.
c.
Narrow-scope strategy.
d.
First-mover strategy.
c.
Narrow-scope strategy.
Ben Cohen, co-founder of Ben & Jerry’s, is anosmic (no sense of smell and almost no sense of taste), which led to the intensifying of flavors and adding of chunky textures - two of the hallmarks of Ben & Jerry’s ice cream. This example is representative for which effectuation principle?
Wählen Sie eine Antwort:
a.
Start with a desired outcome.
b.
Start with resources.
c.
Leverage surprises.
d.
Affordable loss principle.
b.
Start with resources.
What is true about meta-analyses?
Wählen Sie eine Antwort:
a.
They facilitate the analysis of effects above a certain value.
b.
They facilitate the analysis of relationships across studies.
c.
They facilitate the analysis of medium effect sizes only.
d.
They facilitate the analysis of meta-cognition.
b.
They facilitate the analysis of relationships across studies.
What is a key assumption of Barney’s resource-based view of the firm?
Wählen Sie eine Antwort:
a.
Some resources are inelastic in supply or costly to copy.
b.
A firm’s resources must be imperfectly imitable.
c.
Resources increase an entrepreneur’s agency.
d.
All of the above.
a.
Some resources are inelastic in supply or costly to copy.
