Question 1

Entrepreneurs are doers not thinkers.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a form of displacement in the displacement school of thought?

Accepted Answer

A)  political 
B)  racial 
C)  economical 
D)  cultural 
A)  political 
B)  racial 
C)  economical 
D)  cultural

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

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

Accepted Answer

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

Question 6

According to Robert C. Ronstadt, entrepreneurship is the process of creating incremental wealth.

Accepted Answer

A) True 
 B)False

Question 7

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 8

Most entrepreneurs are inventors.

Accepted Answer

A) True 
 B)False

Question 9

How dominant have new and small ventures been in the economy?

Accepted Answer

The past 20 years have witnessed the pow

Question 10

Entrepreneurs are the major source of innovation and job creation in any economy.

Accepted Answer

A) True 
 B)False

Question 11

Michael Gerber, the author of The E-Myth, contends:

Accepted Answer

A)  the entire field of study in entrepreneurship is a myth 
B)  there is no such thing as entrepreneurship 
C)  today's business owners are not True entrepreneurs 
D)  everybody in business is an entrepreneur 
A)  the entire field of study in entrepreneurship is a myth 
B)  there is no such thing as entrepreneurship 
C)  today's business owners are not True entrepreneurs 
D)  everybody in business is an entrepreneur

Question 12

The entrepreneurial spirit is unique to America and Western Europe.

Accepted Answer

A) True 
 B)False

Question 13

Name and describe four of the ten major myths of management.

Accepted Answer

One of the myths of management says that

Question 14

Which of the following economists wrote about entrepreneurship and its impact on economic development?

Accepted Answer

A)  Richard Dailey 
B)  Joseph Schumpeter 
C)  Paul Samuelson 
D)  Robert McConnell 
A)  Richard Dailey 
B)  Joseph Schumpeter 
C)  Paul Samuelson 
D)  Robert McConnell

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a common myth about entrepreneurs?

Accepted Answer

A)  Entrepreneurs are academic and social misfits. 
B)  Entrepreneurs are doers, not thinkers. 
C)  Entrepreneurs today are considered heroes. 
D)  All you need is money to be an entrepreneur. 
A)  Entrepreneurs are academic and social misfits. 
B)  Entrepreneurs are doers, not thinkers. 
C)  Entrepreneurs today are considered heroes. 
D)  All you need is money to be an entrepreneur.

Question 17

New and smaller firms obtain more patents per sale than do larger firms.

Accepted Answer

A) True 
 B)False

Question 18

Political, cultural, and economic displacement are all part of the displacement school of entrepreneurial thought.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

There is no single definition of an entrepreneur.

Accepted Answer

A) True 
 B)False

Entrepreneurs are doers not thinkers.

Which of the following is not a form of displacement in the displacement school of thought?

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

The study of entrepreneurship is

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

According to Robert C. Ronstadt, entrepreneurship is the process of creating incremental wealth.

Entrepreneurs always

Most entrepreneurs are inventors.

How dominant have new and small ventures been in the economy?

Entrepreneurs are the major source of innovation and job creation in any economy.

Michael Gerber, the author of The E-Myth, contends:

The entrepreneurial spirit is unique to America and Western Europe.

Name and describe four of the ten major myths of management.

Which of the following economists wrote about entrepreneurship and its impact on economic development?

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

Which of the following is not a common myth about entrepreneurs?

New and smaller firms obtain more patents per sale than do larger firms.

Political, cultural, and economic displacement are all part of the displacement school of entrepreneurial thought.

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

There is no single definition of an entrepreneur.

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

Exam 1: Entrepreneurship: Evolutionary Development-Revolutionary Impact

Entrepreneurs are doers not thinkers.

Which of the following is not a form of displacement in the displacement school of thought?

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

The study of entrepreneurship is

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

According to Robert C. Ronstadt, entrepreneurship is the process of creating incremental wealth.

Entrepreneurs always

Most entrepreneurs are inventors.

How dominant have new and small ventures been in the economy?

Entrepreneurs are the major source of innovation and job creation in any economy.

Michael Gerber, the author of The E-Myth, contends:

The entrepreneurial spirit is unique to America and Western Europe.

Name and describe four of the ten major myths of management.

Which of the following economists wrote about entrepreneurship and its impact on economic development?

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

Which of the following is not a common myth about entrepreneurs?

New and smaller firms obtain more patents per sale than do larger firms.

Political, cultural, and economic displacement are all part of the displacement school of entrepreneurial thought.

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

There is no single definition of an entrepreneur.

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters