Question 1

Which of the following statements about entrepreneurs is true?

Accepted Answer

A) Entrepreneurs are doers and thinkers. 
B) All you need to be an entrepreneur is money. 
C) Ignorance is bliss for an entrepreneur. 
D) Inheriting a business is the best way to become an entrepreneur. 
A) Entrepreneurs are doers and thinkers. 
B) All you need to be an entrepreneur is money. 
C) Ignorance is bliss for an entrepreneur. 
D) Inheriting a business is the best way to become an entrepreneur.

Question 2

The strategic formulation school of thought emphasizes the planning process in successful venture development.

Accepted Answer

A) True 
 B)False

Question 3

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

Accepted Answer

A) innovation 
B) job creation 
C) economic renewal 
D) unemployment 
A) innovation 
B) job creation 
C) economic renewal 
D) unemployment

Question 4

The word entrepreneur is derived from the Spanish word entreprendre, meaning "to undertake."

Accepted Answer

A) True 
 B)False

Question 5

Entrepreneurial traits include which of the following?

Accepted Answer

A) salesmanship 
B) initiative 
C) wealth 
D) edginess 
A) salesmanship 
B) initiative 
C) wealth 
D) edginess

Question 6

Which of the following characteristics is most important to an entrepreneur?

Accepted Answer

A) management skills 
B) neatness 
C) friendliness 
D) having a nice office 
A) management skills 
B) neatness 
C) friendliness 
D) having a nice office

Question 7

Large firms, as opposed to entrepreneurs, are the aggressive catalyst for change in the world of business.

Accepted Answer

A) True 
 B)False

Question 8

Entrepreneurs always start their business at a young age.

Accepted Answer

A) True 
 B)False

Question 9

Gazelles do not always get venture capital funding.

Accepted Answer

A) True 
 B)False

Question 10

Employees embrace fear and change as a way to succeed, while entrepreneurs only take calculated risks.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not considered one of the six frameworks in the framework of frameworks approach?

Accepted Answer

A) integrative 
B) collaborative 
C) process 
D) life cycle 
A) integrative 
B) collaborative 
C) process 
D) life cycle

Question 12

Entrepreneurship involves an interdisciplinary approach.

Accepted Answer

A) True 
 B)False

Question 13

In the evolutionary process of economic growth, _____ plays the crucial and indispensable role of providing the "social glue" that binds together both high-tech and "Main Street" activities.

Accepted Answer

A) entrepreneurship 
B) supply or demand 
C) the Internet 
D) management 
A) entrepreneurship 
B) supply or demand 
C) the Internet 
D) management

Question 14

Entrepreneurs always

Accepted Answer

A) start their business at a young age. 
B) quit school and devote themselves to being an entrepreneur. 
C) use credit cards to start their own businesses. 
D) generate ideas and plan for their implementation. 
A) start their business at a young age. 
B) quit school and devote themselves to being an entrepreneur. 
C) use credit cards to start their own businesses. 
D) generate ideas and plan for their implementation.

Question 15

Entrepreneurship is more than the mere creation of a business.

Accepted Answer

A) True 
 B)False

Question 16

The corridor principle states that entrepreneurs often get stuck on one idea.

Accepted Answer

A) True 
 B)False

Question 17

The macro view can be broken down into which of the following three areas?

Accepted Answer

A) environmental, financial/capital, and displacement 
B) entrepreneurial trait, opportunity, and strategic 
C) displacement, trait, and financial 
D) entrepreneurial trait, financial/capital, and displacement 
A) environmental, financial/capital, and displacement 
B) entrepreneurial trait, opportunity, and strategic 
C) displacement, trait, and financial 
D) entrepreneurial trait, financial/capital, and displacement

Question 18

The word entrepreneur is derived from the French entreprendre, which is translated as

Accepted Answer

A) to apprehend. 
B) to undertake. 
C) to compete. 
D) to enter and dare. 
A) to apprehend. 
B) to undertake. 
C) to compete. 
D) to enter and dare.

Question 19

Gazelles have been responsible for

Accepted Answer

A) some innovation. 
B) 55 percent of innovations. 
C) 30 percent of all radical innovations. 
D) limited innovations. 
A) some innovation. 
B) 55 percent of innovations. 
C) 30 percent of all radical innovations. 
D) limited innovations.

Question 20

The financial/capital entrepreneurial school of thought focuses on the potential profit of the business idea.

Accepted Answer

A) True 
 B)False

Which of the following statements about entrepreneurs is true?

The strategic formulation school of thought emphasizes the planning process in successful venture development.

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

The word entrepreneur is derived from the Spanish word entreprendre, meaning "to undertake."

Entrepreneurial traits include which of the following?

Which of the following characteristics is most important to an entrepreneur?

Large firms, as opposed to entrepreneurs, are the aggressive catalyst for change in the world of business.

Entrepreneurs always start their business at a young age.

Gazelles do not always get venture capital funding.

Employees embrace fear and change as a way to succeed, while entrepreneurs only take calculated risks.

Which of the following is not considered one of the six frameworks in the framework of frameworks approach?

Entrepreneurship involves an interdisciplinary approach.

In the evolutionary process of economic growth, _____ plays the crucial and indispensable role of providing the "social glue" that binds together both high-tech and "Main Street" activities.

Entrepreneurs always

Entrepreneurship is more than the mere creation of a business.

The corridor principle states that entrepreneurs often get stuck on one idea.

The macro view can be broken down into which of the following three areas?

The word entrepreneur is derived from the French entreprendre, which is translated as

Gazelles have been responsible for

The financial/capital entrepreneurial school of thought focuses on the potential profit of the business idea.

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 about entrepreneurs is true?

The strategic formulation school of thought emphasizes the planning process in successful venture development.

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

The word entrepreneur is derived from the Spanish word entreprendre, meaning "to undertake."

Entrepreneurial traits include which of the following?

Which of the following characteristics is most important to an entrepreneur?

Large firms, as opposed to entrepreneurs, are the aggressive catalyst for change in the world of business.

Entrepreneurs always start their business at a young age.

Gazelles do not always get venture capital funding.

Employees embrace fear and change as a way to succeed, while entrepreneurs only take calculated risks.

Which of the following is not considered one of the six frameworks in the framework of frameworks approach?

Entrepreneurship involves an interdisciplinary approach.

In the evolutionary process of economic growth, _____ plays the crucial and indispensable role of providing the "social glue" that binds together both high-tech and "Main Street" activities.

Entrepreneurs always

Entrepreneurship is more than the mere creation of a business.

The corridor principle states that entrepreneurs often get stuck on one idea.

The macro view can be broken down into which of the following three areas?

The word entrepreneur is derived from the French entreprendre, which is translated as

Gazelles have been responsible for

The financial/capital entrepreneurial school of thought focuses on the potential profit of the business idea.

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