Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
The term 'entrepreneur' was introduced to economics by Richard Cantillon in 1755; since then, entrepreneurship and its central ........., the entrepreneur, have been the focus of numerous studies, including the qualities of entrepreneurial behavior, and corporate entrepreneurship.
A -
figure
B -
icon
C -
image
D -
symbol
2-
Recently, a new stream of literature has formed ......... strategic entrepreneurship (Hitt et al. 2002a; Meyer and Heppard).
A -
amid
B -
around
C -
through
D -
toward
3-
This new area of research is different from what has been traditionally ......... as strategic management research.
A -
identified
B -
listed
C -
pigeon-holed
D -
recorded
4-
Instead of focusing on the ......... that can be used to sustain competitive advantage (i.e., existing market position), strategic entrepreneurship is about recognizing and taking advantage of new profit opportunities.
A -
mechanics
B -
mechanisms
C -
techniques
D -
tectonics
5-
A firm that manages for strategic flexibility and constant renewal is able to ......... above-average profits and thus is rewarded for its entrepreneurial behavior.
A -
engender
B -
generate
C -
permutate
D -
proliferate
6-
The return to entrepreneurial behavior is entrepreneurial rent, and unlike most factor costs, entrepreneurial rents are noncontractible; this is because the entrepreneur ......... judgments to allocate resources in an uncertain environment.
A -
considers
B -
exercises
C -
passes
D -
reserves
7-
Because the judgments are framed in an uncertain environment, the judgments themselves are uncertain and are thus ex ......... noncontractible.
A -
ante
B -
cathedra
C -
gratia
D -
officio
8-
Because entrepreneurship is not as ......... as other factors, the analysis of payments to entrepreneurial behavior is complex.
A -
homogenous
B -
homologous
C -
homolytic
D -
homophobic
9-
The aim of Ross and Westgren's paper is to include entrepreneurship in a model of the firm while reducing this dimensionality to two categories, arbitrage and innovation; they highlight what the entrepreneur receives for these activities and what governs their ......... from the stream of profits.
A -
composition
B -
computation
C -
importation
D -
imputation
10-
Following this model, entrepreneurial rents are then ......... calculated for a three-site hog production farm.