Exam 2: The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Greek thinker, Chilon, felt that a merchant does better to take a loss than to make a dishonest profit.

The Greek word ethos means

Entrepreneurs always know that they as individuals must remain less important than the venture.

Most successful entrepreneurs have failed at one time or another.

Non-role acts are those acts against a firm in which the person fails to perform his or her managerial role.

Immersion in business can be cured by limiting work to an eight hour day.

A code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres.

Entrepreneurial stress can be caused by having a type A personality which can be defined as

Entrepreneurs are pessimists who see the cup half empty, rather than half full.

Which of the following is not a trait of successful entrepreneurs?

Entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do.

Today's entrepreneurs are faced with few ethical decisions because the legal system imposes greater penalties on wrongdoers.

Entrepreneurs like to remain alert to competition, customers, and government regulations, but this continual scanning of the environment can lead to a negative sense of distrust.

Explain and discuss the "dark side" of entrepreneurship.

Entrepreneurs usually have an internal locus of control.

"Ethos" means morality.

When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting

Which of the following may be the greatest risk to the well-being of the entrepreneur?

A __________ is a statement of ethical practices or guidelines to which an enterprise adheres.

A loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions.