Question 1

Which is not one of the chief characteristics of an entrepreneur?

Accepted Answer

A)  personal initiative 
B)  ability to consolidate resources 
C)  risk taking 
D)  desire for control of people 
A)  personal initiative 
B)  ability to consolidate resources 
C)  risk taking 
D)  desire for control of people

Question 2

Entrepreneurs must fit the "profile."

Accepted Answer

A) True 
 B)False

Question 3

Entrepreneurs are not heroes in today's marketplace.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

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)  Being 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)  Being 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

Entrepreneurs are best characterized as:

Accepted Answer

A)  aggressive catalysts for change 
B)  good managers 
C)  hard to get along with 
D)  not fitting in to an ordinary workplace 
A)  aggressive catalysts for change 
B)  good managers 
C)  hard to get along with 
D)  not fitting in to an ordinary workplace

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

______________ is the economic basis for all entrepreneurial activity.

Accepted Answer

A)  Individuality 
B)  Capitalism 
C)  Voodoo economics 
D)  Free enterprise 
A)  Individuality 
B)  Capitalism 
C)  Voodoo economics 
D)  Free enterprise

Question 9

Entrepreneurs themselves perceive the concept of risk in which of the following ways:

Accepted Answer

A)  calculated risk taking 
B)  gambling risk 
C)  distorted risk taking 
D)  social risk 
A)  calculated risk taking 
B)  gambling risk 
C)  distorted risk taking 
D)  social risk

Question 10

Prepared entrepreneurs who seize opportunities when they arise often appear to be lucky.

Accepted Answer

A) True 
 B)False

Question 11

Entrepreneurship has become synonymous or closely linked with:

Accepted Answer

A)  failure 
B)  socialism and monopolies 
C)  multimillion dollar enterprises 
D)  free enterprise and capitalism 
A)  failure 
B)  socialism and monopolies 
C)  multimillion dollar enterprises 
D)  free enterprise and capitalism

Question 12

Which of the following schools of thought is not a micro view school of thought?

Accepted Answer

A)  the entrepreneurial trait school of thought 
B)  the venture opportunity school of thought 
C)  the displacement school of thought 
D)  the inherited business school of thought 
A)  the entrepreneurial trait school of thought 
B)  the venture opportunity school of thought 
C)  the displacement school of thought 
D)  the inherited business school of thought

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Which of the following traits is not that of an entrepreneur?

Accepted Answer

A)  drive 
B)  shyness 
C)  willingness to take risks 
D)  human relations skills 
A)  drive 
B)  shyness 
C)  willingness to take risks 
D)  human relations skills

Which is not one of the chief characteristics of an entrepreneur?

Entrepreneurs must fit the "profile."

Entrepreneurs are not heroes in today's marketplace.

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

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

Entrepreneurs are best characterized as:

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

______________ is the economic basis for all entrepreneurial activity.

Entrepreneurs themselves perceive the concept of risk in which of the following ways:

Prepared entrepreneurs who seize opportunities when they arise often appear to be lucky.

Entrepreneurship has become synonymous or closely linked with:

Which of the following schools of thought is not a micro view school of thought?

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

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

Which of the following traits is not that 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

Which is not one of the chief characteristics of an entrepreneur?

Entrepreneurs must fit the "profile."

Entrepreneurs are not heroes in today's marketplace.

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

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

Entrepreneurs are best characterized as:

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

______________ is the economic basis for all entrepreneurial activity.

Entrepreneurs themselves perceive the concept of risk in which of the following ways:

Prepared entrepreneurs who seize opportunities when they arise often appear to be lucky.

Entrepreneurship has become synonymous or closely linked with:

Which of the following schools of thought is not a micro view school of thought?

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

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

Which of the following traits is not that 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