Question 1

Role models can include family members as well as industry professionals.

Accepted Answer

A) True 
 B)False  True

Question 2

Asking "How is this problem similar to problems I've already solved" is an example of a connection task.

Accepted Answer

A) True 
 B)False  True

Question 3

Explain the McMullen-Shepherd Model.

Accepted Answer

1.Model explains how knowledge and motivation influence two stages of entrepreneurial action.
2.Stage One is when the potential entrepreneur realizes an opportunity exists for someone.
3.Stage Two is when the potential entrepreneur decides whether or not the opportunity is right for them personally in terms of their skill,knowledge and motivation.

Question 4

Bricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities.

Accepted Answer

A) True 
 B)False

Question 5

Which among the following aspects affects an entrepreneur's perception of feasibility?

Accepted Answer

A) Locus of control 
B) Learning style 
C) Perceived desirability 
D) Self-efficacy 
A) Locus of control 
B) Learning style 
C) Perceived desirability 
D) Self-efficacy

Question 6

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.

Accepted Answer

A) True 
 B)False

Question 7

On the education background,entrepreneurs:

Accepted Answer

A) are less educated than the general population. 
B) cite an educational need in the areas of finance,strategic planning,marketing,and management. 
C) who lack a formal education,fail to create new businesses and exploit discovered opportunities. 
D) cite formal education to be indispensible in starting a new business. 
A) are less educated than the general population. 
B) cite an educational need in the areas of finance,strategic planning,marketing,and management. 
C) who lack a formal education,fail to create new businesses and exploit discovered opportunities. 
D) cite formal education to be indispensible in starting a new business.

Question 8

An entrepreneur is rarely able to start a new business without some form of formal education.

Accepted Answer

A) True 
 B)False

Question 9

In a social network there are two major properties,density and centrality.

Accepted Answer

A) True 
 B)False

Question 10

Entrepreneurial Opportunities are defined as:

Accepted Answer

A) situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost. 
B) new market entry through entrepreneur action. 
C) the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity. 
D) a feasibility assessment. 
A) situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost. 
B) new market entry through entrepreneur action. 
C) the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity. 
D) a feasibility assessment.

Question 11

The effectuation process starts with what one has and selects among possible outcomes.

Accepted Answer

A) True 
 B)False

Question 12

Describe the difference between the causal process and the effectuation process.

Accepted Answer

Effectuation is process that starts with

Question 13

As the venture becomes established and starts growing,which of the following types of experience becomes increasingly important?

Accepted Answer

A) Technical 
B) Financing 
C) Managerial 
D) Marketing 
A) Technical 
B) Financing 
C) Managerial 
D) Marketing

Question 14

Most entrepreneurs indicate that their most significant venture was not their first one.

Accepted Answer

A) True 
 B)False

Question 15

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

Accepted Answer

A) True 
 B)False

Question 16

The question "What is this technology all about?" is a comprehension question.

Accepted Answer

A) True 
 B)False

Question 17

An entrepreneur considering if what they are doing makes sense is an example of:

Accepted Answer

A) A strategic question 
B) A connection task 
C) A reflection task 
D) A comprehension question 
A) A strategic question 
B) A connection task 
C) A reflection task 
D) A comprehension question

Question 18

How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 19

Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase.

Accepted Answer

A) True 
 B)False

Question 20

Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.

Accepted Answer

A) mentors 
B) friends 
C) parents 
D) spouses 
A) mentors 
B) friends 
C) parents 
D) spouses

Role models can include family members as well as industry professionals.

Asking "How is this problem similar to problems I've already solved" is an example of a connection task.

Explain the McMullen-Shepherd Model.

Bricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities.

Which among the following aspects affects an entrepreneur's perception of feasibility?

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.

On the education background,entrepreneurs:

An entrepreneur is rarely able to start a new business without some form of formal education.

In a social network there are two major properties,density and centrality.

Entrepreneurial Opportunities are defined as:

The effectuation process starts with what one has and selects among possible outcomes.

Describe the difference between the causal process and the effectuation process.

As the venture becomes established and starts growing,which of the following types of experience becomes increasingly important?

Most entrepreneurs indicate that their most significant venture was not their first one.

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

The question "What is this technology all about?" is a comprehension question.

An entrepreneur considering if what they are doing makes sense is an example of:

How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase.

Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 1: Entrepreneurship and the Entrepreneurial Mind-Set

Role models can include family members as well as industry professionals.

Asking "How is this problem similar to problems I've already solved" is an example of a connection task.

Explain the McMullen-Shepherd Model.

Bricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities.

Which among the following aspects affects an entrepreneur's perception of feasibility?

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.

On the education background,entrepreneurs:

An entrepreneur is rarely able to start a new business without some form of formal education.

In a social network there are two major properties,density and centrality.

Entrepreneurial Opportunities are defined as:

The effectuation process starts with what one has and selects among possible outcomes.

Describe the difference between the causal process and the effectuation process.

As the venture becomes established and starts growing,which of the following types of experience becomes increasingly important?

Most entrepreneurs indicate that their most significant venture was not their first one.

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

The question "What is this technology all about?" is a comprehension question.

An entrepreneur considering if what they are doing makes sense is an example of:

How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase.

Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters