Question 1

When practicing entrepreneurship,starting with means at hand involves ______.

Accepted Answer

A) analyzing who you are 
B) using your available resources to fund your venture 
C) asking friends to contribute to your venture 
D) sharing your ideas 
A) analyzing who you are 
B) using your available resources to fund your venture 
C) asking friends to contribute to your venture 
D) sharing your ideas

Question 2

Corporate entrepreneurs work within only large organizations whereas entrepreneurs inside can exist in any type of organization,big or small.

Accepted Answer

A) True 
 B)False

Question 3

Joan has pursued seven money-making ventures over the past 10 years,ranging from retail storefronts to mobile app development.Joan is a "serial entrepreneur."

Accepted Answer

A) True 
 B)False

Question 4

According to the authors,a student should take action and practice entrepreneurship ______.

Accepted Answer

A) at every opportunity 
B) immediately after graduation 
C) once they are financially self-supporting 
D) once they have a steady job 
A) at every opportunity 
B) immediately after graduation 
C) once they are financially self-supporting 
D) once they have a steady job

Question 5

College courses on entrepreneurship are standard parts of the curriculum.

Accepted Answer

A) True 
 B)False

Question 6

According to the authors,entrepreneurship is best taught as a linear process that will lead to a specific destination.

Accepted Answer

A) True 
 B)False

Question 7

Chef Jiro has used ______ to master the art of making sushi.

Accepted Answer

A) deliberate practice 
B) effectuation 
C) lifestyle practice 
D) mindshift 
A) deliberate practice 
B) effectuation 
C) lifestyle practice 
D) mindshift

Question 8

Your professor has asked you to implement the entrepreneurial approach on your final project without much further instruction.What do you do first?

Accepted Answer

A) Look at what means you have to start the process. 
B) Ask your classmates for ideas. 
C) Ask your professor for help. 
D) Make the project a priority,even if it means skipping class. 
A) Look at what means you have to start the process. 
B) Ask your classmates for ideas. 
C) Ask your professor for help. 
D) Make the project a priority,even if it means skipping class.

Question 9

Scientific evidence has proven that a specific set of traits distinguishes entrepreneurs from non-entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 10

Analyze the importance of action and practice in entrepreneurship.

Accepted Answer

With the right mindset,or mental attitud

Question 11

Successful entrepreneurs are essentially gamblers at heart.

Accepted Answer

A) True 
 B)False

Question 12

A benefit corporation (or B-Corp)is an organization certified by the nonprofit B Lab to ensure strict standards of social and environmental performance,accountability,and transparency are met.According to the book,which of the following statements is true?

Accepted Answer

A) Large nonprofits are leaders in this movement. 
B) To host a telethon to raise money,an organization must be a B-Corp. 
C) The certification protects a company from lawsuits from stakeholders. 
D) All of the answers are correct. 
A) Large nonprofits are leaders in this movement. 
B) To host a telethon to raise money,an organization must be a B-Corp. 
C) The certification protects a company from lawsuits from stakeholders. 
D) All of the answers are correct.

Question 13

What is the survival rate of family businesses transitioning from the first to the second generation?

Accepted Answer

A) less than 30% 
B) 40% 
C) 50% 
D) more than 75% 
A) less than 30% 
B) 40% 
C) 50% 
D) more than 75%

Question 14

ICHOR Restaurant Group was started by Brian Bailey and Tim Hug in 2006 and has since opened three successful restaurant concepts--Old Carolina BBQ,Smoke: The Burger Joint,and Baja West Coast Kitchen--with a dozen corporate-owned locations.They have begun to allow external entrepreneurs to purchase a license to operate their own location(s).Entrepreneurs purchasing such a license are engaging in ______.

Accepted Answer

A) corporate entrepreneurship 
B) franchising 
C) entrepreneurship inside 
D) social entrepreneurship 
A) corporate entrepreneurship 
B) franchising 
C) entrepreneurship inside 
D) social entrepreneurship

Question 15

Entrepreneurship is reserved for startups.

Accepted Answer

A) True 
 B)False

Question 16

Managerial thinking works best in times of certainty.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is true about effectual entrepreneurs?

Accepted Answer

A) They focus on creating a future rather than predicting it. 
B) They find markets rather than make them. 
C) They do not accept failure. 
D) They focus on a single reliable stakeholder. 
A) They focus on creating a future rather than predicting it. 
B) They find markets rather than make them. 
C) They do not accept failure. 
D) They focus on a single reliable stakeholder.

Question 18

To be certified as a benefit corporation (or B-Corp),an organization is rated on which of the following?

Accepted Answer

A) how its employees are treated 
B) how multicultural its board and employees are 
C) minimum profitability 
D) stakeholder commitment 
A) how its employees are treated 
B) how multicultural its board and employees are 
C) minimum profitability 
D) stakeholder commitment

Question 19

Entrepreneurship can provide us with skills we can apply to other aspects of our lives.

Accepted Answer

A) True 
 B)False

Question 20

Sam is tired of seeing injustice and mistreatment of children in inner cities and has an innovative idea to help them develop self-esteem.Sam is an example of a ______ entrepreneur.

Accepted Answer

A) social 
B) corporate 
C) nascent 
D) benefit 
A) social 
B) corporate 
C) nascent 
D) benefit

When practicing entrepreneurship,starting with means at hand involves ______.

Corporate entrepreneurs work within only large organizations whereas entrepreneurs inside can exist in any type of organization,big or small.

Joan has pursued seven money-making ventures over the past 10 years,ranging from retail storefronts to mobile app development.Joan is a "serial entrepreneur."

According to the authors,a student should take action and practice entrepreneurship ______.

College courses on entrepreneurship are standard parts of the curriculum.

According to the authors,entrepreneurship is best taught as a linear process that will lead to a specific destination.

Chef Jiro has used ______ to master the art of making sushi.

Your professor has asked you to implement the entrepreneurial approach on your final project without much further instruction.What do you do first?

Scientific evidence has proven that a specific set of traits distinguishes entrepreneurs from non-entrepreneurs.

Analyze the importance of action and practice in entrepreneurship.

Successful entrepreneurs are essentially gamblers at heart.

A benefit corporation (or B-Corp)is an organization certified by the nonprofit B Lab to ensure strict standards of social and environmental performance,accountability,and transparency are met.According to the book,which of the following statements is true?

What is the survival rate of family businesses transitioning from the first to the second generation?

Entrepreneurship is reserved for startups.

Managerial thinking works best in times of certainty.

Which of the following is true about effectual entrepreneurs?

To be certified as a benefit corporation (or B-Corp),an organization is rated on which of the following?

Entrepreneurship can provide us with skills we can apply to other aspects of our lives.

Sam is tired of seeing injustice and mistreatment of children in inner cities and has an innovative idea to help them develop self-esteem.Sam is an example of a ______ entrepreneur.

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters

Exam 1: Practicing Entrepreneurship

When practicing entrepreneurship,starting with means at hand involves ______.

Corporate entrepreneurs work within only large organizations whereas entrepreneurs inside can exist in any type of organization,big or small.

Joan has pursued seven money-making ventures over the past 10 years,ranging from retail storefronts to mobile app development.Joan is a "serial entrepreneur."

According to the authors,a student should take action and practice entrepreneurship ______.

College courses on entrepreneurship are standard parts of the curriculum.

According to the authors,entrepreneurship is best taught as a linear process that will lead to a specific destination.

Chef Jiro has used ______ to master the art of making sushi.

Your professor has asked you to implement the entrepreneurial approach on your final project without much further instruction.What do you do first?

Scientific evidence has proven that a specific set of traits distinguishes entrepreneurs from non-entrepreneurs.

Analyze the importance of action and practice in entrepreneurship.

Successful entrepreneurs are essentially gamblers at heart.

A benefit corporation (or B-Corp)is an organization certified by the nonprofit B Lab to ensure strict standards of social and environmental performance,accountability,and transparency are met.According to the book,which of the following statements is true?

What is the survival rate of family businesses transitioning from the first to the second generation?

Entrepreneurship is reserved for startups.

Managerial thinking works best in times of certainty.

Which of the following is true about effectual entrepreneurs?

To be certified as a benefit corporation (or B-Corp),an organization is rated on which of the following?

Entrepreneurship can provide us with skills we can apply to other aspects of our lives.

Sam is tired of seeing injustice and mistreatment of children in inner cities and has an innovative idea to help them develop self-esteem.Sam is an example of a ______ entrepreneur.

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters