Question 1

Which of the following statements is not true?

Accepted Answer

A) Luck happens when preparation meets opportunity. 
B) Entrepreneurs fare poorly in today's hypercompetitive market. 
C) Failure due to lack of proper financing often is an indicator of other problems. 
D) It takes more than just money to be a successful entrepreneur. 
A) Luck happens when preparation meets opportunity. 
B) Entrepreneurs fare poorly in today's hypercompetitive market. 
C) Failure due to lack of proper financing often is an indicator of other problems. 
D) It takes more than just money to be a successful entrepreneur. B

Question 2

Entrepreneurs are accurately described as

Accepted Answer

A) gamblers. 
B) risk takers. 
C) calculated risk takers. 
D) risk averse. 
A) gamblers. 
B) risk takers. 
C) calculated risk takers. 
D) risk averse. C

Question 3

The macro view of entrepreneurship includes external processes that are sometimes beyond the control of the entrepreneur.

Accepted Answer

A) True 
 B)False  True

Question 4

Provide a comprehensive definition of entrepreneurship.

Accepted Answer

Entrepreneurship is the dynamic process

Question 5

The corridor principle is best described by which of the following statements?

Accepted Answer

A) If at first you don't succeed, try, try, again. 
B) Be in the right place at the right time. 
C) With every new venture launched, new and unintended opportunities arise. 
D) Luck happens when preparation meets opportunity. 
A) If at first you don't succeed, try, try, again. 
B) Be in the right place at the right time. 
C) With every new venture launched, new and unintended opportunities arise. 
D) Luck happens when preparation meets opportunity.

Question 6

The statement, "With every new venture launched, new and unintended opportunities often arise," would be associated with the _____ principle.

Accepted Answer

A) entrepreneurial 
B) opportunity 
C) corridor 
D) Dilbert 
A) entrepreneurial 
B) opportunity 
C) corridor 
D) Dilbert

Question 7

Describe the evolution of entrepreneurship, list the persons who wrote about it, and describe their impact on economic development.

Accepted Answer

Entrepreneur does not have a single defi

Question 8

The entrepreneurial spirit is unique to the modern age.

Accepted Answer

A) True 
 B)False

Question 9

Entrepreneurs are often known as calculated risk takers, as opposed to "gamblers."

Accepted Answer

A) True 
 B)False

Question 10

A "gazelle" is a business establishment with at least 5 percent sales growth every year for 25 years.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following economists first associated the "risk-bearing" activity in the economy with the entrepreneur?

Accepted Answer

A) Peter F.Drucker 
B) Robert C.Ronstadt 
C) Jean Baptiste Say 
D) Richard Cantillon 
A) Peter F.Drucker 
B) Robert C.Ronstadt 
C) Jean Baptiste Say 
D) Richard Cantillon

Question 12

Gazelles produce half the innovations per employee that larger firms typically do.

Accepted Answer

A) True 
 B)False

Question 13

In the study of contemporary entrepreneurship, which of the following concepts reoccurs?

Accepted Answer

A) No one understands the field. 
B) Folklore dominates the studies. 
C) There is no theoretical base. 
D) Entrepreneurship is interdisciplinary. 
A) No one understands the field. 
B) Folklore dominates the studies. 
C) There is no theoretical base. 
D) Entrepreneurship is interdisciplinary.

Question 14

In the environmental school of thought, legal issues surrounding the natural environment are primary.

Accepted Answer

A) True 
 B)False

Question 15

The dynamic states model depicts ventures as being

Accepted Answer

A) dependent on their environment for survival. 
B) independent of their environment. 
C) dependent on their managerial talent. 
D) independent of their managerial talent. 
A) dependent on their environment for survival. 
B) independent of their environment. 
C) dependent on their managerial talent. 
D) independent of their managerial talent.

Question 16

Describe entrepreneurs and entrepreneurship in today's marketplace.

Accepted Answer

Entrepreneurs are today's heroes and are

Question 17

The terms entrepreneur and small-business owner are never used interchangeably.

Accepted Answer

A) True 
 B)False

Question 18

New and smaller firms are responsible for 95 percent of all radical innovations.

Accepted Answer

A) True 
 B)False

Question 19

Entrepreneurs must fit the "profile."

Accepted Answer

A) True 
 B)False

Question 20

The study of entrepreneurship is

Accepted Answer

A) based on the field of management. 
B) based on the field of accounting. 
C) based on the field of sociology. 
D) interdisciplinary. 
A) based on the field of management. 
B) based on the field of accounting. 
C) based on the field of sociology. 
D) interdisciplinary.

Which of the following statements is not true?

Entrepreneurs are accurately described as

The macro view of entrepreneurship includes external processes that are sometimes beyond the control of the entrepreneur.

Provide a comprehensive definition of entrepreneurship.

The corridor principle is best described by which of the following statements?

The statement, "With every new venture launched, new and unintended opportunities often arise," would be associated with the _____ principle.

Describe the evolution of entrepreneurship, list the persons who wrote about it, and describe their impact on economic development.

The entrepreneurial spirit is unique to the modern age.

Entrepreneurs are often known as calculated risk takers, as opposed to "gamblers."

A "gazelle" is a business establishment with at least 5 percent sales growth every year for 25 years.

Which of the following economists first associated the "risk-bearing" activity in the economy with the entrepreneur?

Gazelles produce half the innovations per employee that larger firms typically do.

In the study of contemporary entrepreneurship, which of the following concepts reoccurs?

In the environmental school of thought, legal issues surrounding the natural environment are primary.

The dynamic states model depicts ventures as being

Describe entrepreneurs and entrepreneurship in today's marketplace.

The terms entrepreneur and small-business owner are never used interchangeably.

New and smaller firms are responsible for 95 percent of all radical innovations.

Entrepreneurs must fit the "profile."

The study of entrepreneurship is

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

Exam 1: Entrepreneurship Evolutionary Development--Revolutionary Impact

Which of the following statements is not true?

Entrepreneurs are accurately described as

The macro view of entrepreneurship includes external processes that are sometimes beyond the control of the entrepreneur.

Provide a comprehensive definition of entrepreneurship.

The corridor principle is best described by which of the following statements?

The statement, "With every new venture launched, new and unintended opportunities often arise," would be associated with the _____ principle.

Describe the evolution of entrepreneurship, list the persons who wrote about it, and describe their impact on economic development.

The entrepreneurial spirit is unique to the modern age.

Entrepreneurs are often known as calculated risk takers, as opposed to "gamblers."

A "gazelle" is a business establishment with at least 5 percent sales growth every year for 25 years.

Which of the following economists first associated the "risk-bearing" activity in the economy with the entrepreneur?

Gazelles produce half the innovations per employee that larger firms typically do.

In the study of contemporary entrepreneurship, which of the following concepts reoccurs?

In the environmental school of thought, legal issues surrounding the natural environment are primary.

The dynamic states model depicts ventures as being

Describe entrepreneurs and entrepreneurship in today's marketplace.

The terms entrepreneur and small-business owner are never used interchangeably.

New and smaller firms are responsible for 95 percent of all radical innovations.

Entrepreneurs must fit the "profile."

The study of entrepreneurship is

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters