Exam 1: Entrepreneurship: Evolutionary Development-Revolutionary Impact

Three characteristics of an entrepreneur are personal initiative, management skills, and a desire for autonomy.

Most entrepreneurs should be categorized as

The four major dimensions considered in the dynamic states approach are the individual, the environment, the organization, and the process.

Which of the following statements is True?

"Great chef" strategies focus on unique markets.

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

The entrepreneur is one who

Entrepreneurs always start their business at a young age.

When referring to "luck" and an entrepreneur, which of the following statements is an appropriate adage?

Entrepreneurs are high risk takers.

The displacement school of thought can be divided into which three groups?

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

Describe entrepreneurs and entrepreneurship in today's marketplace.

Which is a True statement about entrepreneurs?

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.

Which economist first associated the "risk bearing" activity in the economy with the entrepreneur?

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

Michael Gerber, the author of The E-Myth, explains that the failure of most small businesses is due to:

A "gazelle" is a business establishment with at least 20 percent sales growth every year for five years.

An entrepreneur needs neither a lot of money nor luck.