Full Test Bank Leading Ventures to Success Chapter 20

Technology Ventures (Byers), 5e

Chapter 20 Leading Ventures to Success

1) What is the discipline for meshing strategy and reality?

A) Grit

B) Determination

C) Execution

D) Plan

2) What rule did Instagram implement before retracting after substantial backlash?

A) Only people over 18 could use the service

B) The company had the right to sell user's photos

C) Snapshots of the user's day could be posted as a "story"

D) Only square images could be posted

3) Which of the following is a question for implementation?

A) How will the objective be achieved?

B) Who are my customers?

C) What is the point?

D) Why am I doing this?

4) The first few additions to a team should be specialists rather than generalists.

5) Business index is the ratio of revenues to:

A) Expenditures plus assets

B) Profits plus costs

C) Price

D) Unit cost

6) The higher the sales to employee ratio, the more successful the company.

7) When does execution most falter?

A) If the company is too frugal

B) If the company only focuses on one problem

C) If management is paid too much

D) When the company is not synchronized

8) Which of the following is not one of the seven steps to build a great company?

A) Leadership

B) Momentum

C) Diligence

D) Organizing principle

9) As a new business grows, it tends to follow a ________ curve.

A) T

B) P

C) J

D) S

10) What occurs in the takeoff stage of a business?

A) Accumulating initial resources

B) Revenues start to grow

C) Expansion of product offerings

D) Deceleration of growth

11) Moving from startup to takeoff, the venture may encounter serious stresses because management practices do not necessarily scale properly.

12) What does not occur in the maturity stage of a business?

A) Move to decentralized structure

B) Emphasis on collaboration

C) Strong culture and history

D) Personnel seek new opportunities

13) What changed the company arc of Shazam?

A) New CEO

B) Launch of Apple App Store

C) Smart acquisitions

D) Development of geo-location services

14) The "retriever" CEO finds the right market and profitable customers.

15) To remain in charge of a company, a CEO must constantly change and adapt.

16) Which of the following is a factor of effective succession?

A) Baton-passing technique

B) Alignment

C) Synergy

D) Executive leadership

17) Because of the rise of Foursquare, Instagram pivoted to photo sharing. This is an example of:

A) Learning organization

B) Teaching organization

C) Flexible enterprise

D) Strategic enterprise

18) What is the goal of the learning process?

A) Generate new strategies

B) Acquire new talent

C) Create a culture

D) Increase management hierarchies

19) Ethical conduct may reach beyond the law, since the law is inadequate for every task.

20) Why did Netflix outlast Blockbuster?

A) More funding

B) First-mover advantage

C) Partnerships with networks

D) Adapted to larger trends