1. According to a study by The Kauffman Foundation, the majority of the capital for entrepreneurial start-ups initially comes from

a. public financing (e.g., SBA loans).

b. venture capital financing

c. bank financing

d. owner debt and savings

2. The CEO from Intel chooses to work in a cubicle, which of the following is likely NOT true regarding his behavior:

a. he is trying to establish a strong role model/leadership

b. he is being extrinsically motivated to do so

c. he is trying to create a culture of effective communication

d. he is trying to encourage openness

3. The biggest challenge for a new start-up that is pursuing pioneering and adaptive strategies to achieve differentiation is:

a. having a simple organizational structure

b. achieving cost efficiency

c. establishing brand image

d. achieving flexibility

4. Which of the following approaches to behavioral strategic control is most likely utilized in an organization like Apple in which there is a great need for innovation and a high degree of autonomy?

a. Rewards

b. Structure

c. Culture

d. Boundary

5. In the 1920’s, General Motors structured its organization around its product lines (Cadillac, Buick, Oldsmobile, Pontiac and Chevrolet). What organizational structure did General Motors adopt?

a. Modular

b. Ambidextrous

c. Divisional

d. Simple