ExamTests with Contemporary Theories on B&M


Questions

Question 1

When Baron writes about entrepreneurship theory, he discusses Opportunity Recognition as Pattern Recognition. As stated by Baron, Pattern Recognition is useful in explaining:

  1. Why some firms identify specific opportunities while others don't
  2. Why some markets are recognized and some remain unobserved
  3. Why some markets are indentified by specific firms
  4. Why certain people indentify specific opportunities while others don't

Question 2

What is true about social integration mechanisms in accordance with Zahra and George (2002)? They can:

  1. Increase the relative importance of potential absorptive capacity
  2. Reduce the gap between potential and realized absorptive capacity
  3. Reduce an organization's ability to exploit external knowledge sources
  4. Have a negative impact on he external search behavior of organizations

Question 3

Whetten (1989) discusses some essential building blocks of theory development. Which of these elements is not acknowledged as an essential building block of theory development by Whetten?

  1. Impact. What is the quantitative impact of the identified factors on the dependent variable?
  2. Why. What are the underlying psychological, economic or social dynamics that justify the selection of factors and the proposed causal relationships?
  3. How. How are these factors related?
  4. What. Which factors (variables, constructs, concepts) logically should be considered as part of the explanation of the social or individual phenomena of interest?

Question 4

How does potential absorptive capacity help organizations? It:

  1. Reduces the scope of search
  2. Reduces the velocity of the environment
  3. Adapts and evolves in high-velocity environments
  4. Exploits the existing knowledge base

Question 5

According to Holmström et al. (2009) the Design Science Approach is an approach focused on:

  1. Theory development instead of testing theories empirically
  2. Testing theories empirically instead of theory development
  3. Theoretical knowledge instead of discovery and problem solving
  4. Discovery and problem solving instead of theoretical knowledge

Question 6

Which of the following statements is in line with Alvarez and Barney's thoughts on discovery and creation theory explaining entrepreneurial action?

I: Independent of entrepreneurs, opportunities exist according to creation theory
II: Independent of entrepreneurs, opportunities exist according to discovery theory
  1. Statement I is correct, statement II is incorrect
  2. Statement II is correct, statement I is correct
  3. Both statements are correct
  4. Both statements are incorrect

Question 7

Shane and Venkateraman's definition of the Field of entrepreneurship is based on three key items. Which item is not included in this definition?

  1. Discovery of opportunities to create future goods and services
  2. Effectuation of opportunities to create future goods and services
  3. Exploitation of opportunities to create future goods and services
  4. Evaluation of opportunities to create future goods and services

Answer indication

Question 1

D

Question 2

B

Question 3

A

Question 4

C

Question 5

D

Question 6

B

Question 7

B

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