Exam 2: The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

Ethics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations.

Most successful entrepreneurs have failed at one time or another.

Describe the five major problems in laws reflecting ethical standards.

Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team.

Name five entrepreneurial characteristics that you feel are important.

A decision to sell pharmaceuticals that have not been cleared with the Federal Drug Administration is an example of a(n) _____ and _____ decision.

Entrepreneurs allow their goal orientation to help define priorities and provide them with measures of how well they are performing.

For entrepreneurs, vision describes

Which of the following characteristics is often attributed to entrepreneurs?

Entrepreneurs with a drive to achieve want to

Stress can be dealt with by

Entrepreneurial cognition is, in part, about understanding how entrepreneurs use simplifying mental models to make assessments, judgments, or decisions about opportunities.

Give some in-depth examples of the dilemmas entrepreneurs face with ethics and laws.

Which of the following is not a way to combat stress?

Entrepreneurial stress can be caused by having a Type A personality, which can be defined as

Immersion in business can be cured by limiting work to eight hours a day.

Institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture.