Question 1

Define ethics and discuss some conflicts over the ethical nature of decisions.

Accepted Answer

In a broad sense,ethics is the rules or parameters for conduct in any activity as long as it is done in an "acceptable" manner. Ethics can also be described as a set of principles prescribing a behavioral code that explains what is good and right or bad and wrong. Even though society is in an ever-changing state,this definition implies that universal principles remain intact. An entrepreneur faces many conflicts for many reasons. One conflict arises as a business is faced with outside as well as inside interests. Some examples are stockholders,the community,the government,employees,and unions. Also,as society changes,the values and mores of society must change.

Question 2

Entrepreneurial cognition is,in part,about understanding how entrepreneurs use simplifying mental models to make assessments,judgments,and decisions about opportunities.

Accepted Answer

A) True 
 B)False  True

Question 3

The generation of the twenty-first century may become known as generation E because it is becoming the most entrepreneurial generation since the Industrial Revolution.

Accepted Answer

A) True 
 B)False  True

Question 4

Every person has the _____ and _____ to pursue a career as an entrepreneur

Accepted Answer

A) stubbornness; stupidity 
B) potential; free choice 
C) rights; regulations 
D) obligation; duty 
A) stubbornness; stupidity 
B) potential; free choice 
C) rights; regulations 
D) obligation; duty

Question 5

Areas of risk to the entrepreneur include

Accepted Answer

A) career, family, psychic. 
B) family, business, social. 
C) psychic, social, physical. 
D) financial, product, market 
A) career, family, psychic. 
B) family, business, social. 
C) psychic, social, physical. 
D) financial, product, market

Question 6

Discuss the specific areas of entrepreneurial risk.

Accepted Answer

The four areas of risk are financial ris

Question 7

The decision to behave entrepreneurially is the result of the interaction of:

Accepted Answer

A) the individual's personal entrepreneurial mind-set and an opportunity 
B) the existence of a viable business idea 
C) the relevant business environment 
D) a new market 
A) the individual's personal entrepreneurial mind-set and an opportunity 
B) the existence of a viable business idea 
C) the relevant business environment 
D) a new market

Question 8

According to the Model of Entrepreneurship Motivation,the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm.

Accepted Answer

A) True 
 B)False

Question 9

The "dark side" of entrepreneurship refers to the stress that entrepreneur's experience.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Explain and discuss the "dark side" of entrepreneurship.

Accepted Answer

The entrepreneurial profile has its dest

Question 12

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

Accepted Answer

A) code of conduct 
B) code of ethics 
C) code of honor 
D) code of silence 
A) code of conduct 
B) code of ethics 
C) code of honor 
D) code of silence

Question 13

Which of the following is not characteristic of the "dark side" of entrepreneurship?

Accepted Answer

A) an external optimism 
B) a desire for success 
C) knowing when to take a vacation 
D) a sense of distrust 
A) an external optimism 
B) a desire for success 
C) knowing when to take a vacation 
D) a sense of distrust

Question 14

Name the sources of entrepreneurial stress and discuss the ways of dealing with stress.

Accepted Answer

Entrepreneurs experience four types of s

Question 15

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

Accepted Answer

A) social risk 
B) financial risk 
C) psychic risk 
D) family risk 
A) social risk 
B) financial risk 
C) psychic risk 
D) family risk

Question 16

There is a certain psychic risk involved with entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) initiative 
B) frustration 
C) perseverance 
D) strategic thinking 
A) initiative 
B) frustration 
C) perseverance 
D) strategic thinking

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Entrepreneurs

Accepted Answer

A) are driven by intense commitment and perseverance. 
B) are egomaniacs. 
C) loners who never fit in to typical firms. 
D) are never satisfied. 
A) are driven by intense commitment and perseverance. 
B) are egomaniacs. 
C) loners who never fit in to typical firms. 
D) are never satisfied.

Question 20

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

Accepted Answer

A) persistent problem-solving. 
B) internal locus of control. 
C) external locus of control. 
D) opportunity orientation. 
A) persistent problem-solving. 
B) internal locus of control. 
C) external locus of control. 
D) opportunity orientation.

Define ethics and discuss some conflicts over the ethical nature of decisions.

Entrepreneurial cognition is,in part,about understanding how entrepreneurs use simplifying mental models to make assessments,judgments,and decisions about opportunities.

The generation of the twenty-first century may become known as generation E because it is becoming the most entrepreneurial generation since the Industrial Revolution.

Every person has the _ and _ to pursue a career as an entrepreneur

Areas of risk to the entrepreneur include

Discuss the specific areas of entrepreneurial risk.

The decision to behave entrepreneurially is the result of the interaction of:

According to the Model of Entrepreneurship Motivation,the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm.

The "dark side" of entrepreneurship refers to the stress that entrepreneur's experience.

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

Explain and discuss the "dark side" of entrepreneurship.

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

Which of the following is not characteristic of the "dark side" of entrepreneurship?

Name the sources of entrepreneurial stress and discuss the ways of dealing with stress.

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

There is a certain psychic risk involved with entrepreneurship.

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

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

Entrepreneurs

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

Entrepreneurship: Evolutionary Development-Revolutionary Impact

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

Define ethics and discuss some conflicts over the ethical nature of decisions.

Entrepreneurial cognition is,in part,about understanding how entrepreneurs use simplifying mental models to make assessments,judgments,and decisions about opportunities.

The generation of the twenty-first century may become known as generation E because it is becoming the most entrepreneurial generation since the Industrial Revolution.

Every person has the _____ and _____ to pursue a career as an entrepreneur

Areas of risk to the entrepreneur include

Discuss the specific areas of entrepreneurial risk.

The decision to behave entrepreneurially is the result of the interaction of:

According to the Model of Entrepreneurship Motivation,the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm.

The "dark side" of entrepreneurship refers to the stress that entrepreneur's experience.

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

Explain and discuss the "dark side" of entrepreneurship.

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

Which of the following is not characteristic of the "dark side" of entrepreneurship?

Name the sources of entrepreneurial stress and discuss the ways of dealing with stress.

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

There is a certain psychic risk involved with entrepreneurship.

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

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

Entrepreneurs

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

Entrepreneurship: Evolutionary Development-Revolutionary Impact

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

Every person has the _ and _ to pursue a career as an entrepreneur