Question 1

Ewing Kauffman took a risk when he started his company Marion Labs in 1950.

Accepted Answer

A) True 
 B)False

Question 2

Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

Accepted Answer

1.Comprehension questions are designed t

Question 3

Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.

Accepted Answer

A) True 
 B)False

Question 4

Previous start-up experience is a good predictor of starting subsequent businesses.

Accepted Answer

A) True 
 B)False

Question 5

The moral support network is different from the professional support network in that:

Accepted Answer

A) a professional support network includes finding a mentor. 
B) moral support is less important than professional support. 
C) only the "cheering squad" provides moral support. 
D) a moral support network comprises only of personal contacts. 
A) a professional support network includes finding a mentor. 
B) moral support is less important than professional support. 
C) only the "cheering squad" provides moral support. 
D) a moral support network comprises only of personal contacts.

Question 6

Motivation to launch a new venture can arise from all of the following except:

Accepted Answer

A) lack of prior experience. 
B) boredom. 
C) a lack of challenge. 
D) frustration. 
A) lack of prior experience. 
B) boredom. 
C) a lack of challenge. 
D) frustration.

Question 7

In the causal process of thinking:

Accepted Answer

A) starts with a desired outcome and focuses on a means to generate that outcome. 
B) starts with what one has and selects among possible outcomes. 
C) involves bricolage. 
D) starts with brainstorming by meeting with industry professionals. 
A) starts with a desired outcome and focuses on a means to generate that outcome. 
B) starts with what one has and selects among possible outcomes. 
C) involves bricolage. 
D) starts with brainstorming by meeting with industry professionals.

Question 8

Density,in regards to a social network,refers to:

Accepted Answer

A) the extensiveness of ties between two individuals. 
B) the total number of individuals in the network. 
C) the distance of connection between the entrepreneur and contact. 
D) the fact that most networks are informal and not well organizeD. 
A) the extensiveness of ties between two individuals. 
B) the total number of individuals in the network. 
C) the distance of connection between the entrepreneur and contact. 
D) the fact that most networks are informal and not well organizeD.

Question 9

In regards to thinking structurally,superficial similarities:

Accepted Answer

A) exist when the underlying mechanisms of the technology resemble (or match)the underlying mechanisms of the market. 
B) exist when supply is less than demand. 
C) exist when entreprenuers engage in bricolage. 
D) exist when the basic (relatively easy to observe)elements of the technology resemble the basic elements of the market. 
A) exist when the underlying mechanisms of the technology resemble (or match)the underlying mechanisms of the market. 
B) exist when supply is less than demand. 
C) exist when entreprenuers engage in bricolage. 
D) exist when the basic (relatively easy to observe)elements of the technology resemble the basic elements of the market.

Question 10

Which group in a professional network helps keep a new venture competitive?

Accepted Answer

A) Clients or buyers 
B) Mentors 
C) Trade associations 
D) Suppliers 
A) Clients or buyers 
B) Mentors 
C) Trade associations 
D) Suppliers

Question 11

Questions designed to increase an entrepreneurs' understanding of the nature of the environment are known as:

Accepted Answer

A) Strategic questions 
B) Connection tasks 
C) Reflection tasks 
D) Comprehension questions 
A) Strategic questions 
B) Connection tasks 
C) Reflection tasks 
D) Comprehension questions

Question 12

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Accepted Answer

A) True 
 B)False

Question 13

Describe the difference between a moral and professional support network and give examples of who might fit into each network.Who do entreprenuers typically cite as their biggest supporters?

Accepted Answer

A moral support network is for emotional

Question 14

Structural 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 15

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Accepted Answer

A) True 
 B)False

Question 16

Principles of effectuation help entrepreneurs develop their cognitive adaptability.

Accepted Answer

A) True 
 B)False

Question 17

__________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepreneurial process.

Accepted Answer

A) Strategic questions 
B) Connection tasks 
C) Reflection tasks 
D) Comprehension questions 
A) Strategic questions 
B) Connection tasks 
C) Reflection tasks 
D) Comprehension questions

Question 18

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Accepted Answer

A) True 
 B)False

Question 19

The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

Accepted Answer

A) True 
 B)False

Question 20

The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.

Accepted Answer

A) True 
 B)False

Ewing Kauffman took a risk when he started his company Marion Labs in 1950.

Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.

Previous start-up experience is a good predictor of starting subsequent businesses.

The moral support network is different from the professional support network in that:

Motivation to launch a new venture can arise from all of the following except:

In the causal process of thinking:

Density,in regards to a social network,refers to:

In regards to thinking structurally,superficial similarities:

Which group in a professional network helps keep a new venture competitive?

Questions designed to increase an entrepreneurs' understanding of the nature of the environment are known as:

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Describe the difference between a moral and professional support network and give examples of who might fit into each network.Who do entreprenuers typically cite as their biggest supporters?

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

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Principles of effectuation help entrepreneurs develop their cognitive adaptability.

__________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepreneurial process.

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.

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

Ewing Kauffman took a risk when he started his company Marion Labs in 1950.

Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.

Previous start-up experience is a good predictor of starting subsequent businesses.

The moral support network is different from the professional support network in that:

Motivation to launch a new venture can arise from all of the following except:

In the causal process of thinking:

Density,in regards to a social network,refers to:

In regards to thinking structurally,superficial similarities:

Which group in a professional network helps keep a new venture competitive?

Questions designed to increase an entrepreneurs' understanding of the nature of the environment are known as:

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Describe the difference between a moral and professional support network and give examples of who might fit into each network.Who do entreprenuers typically cite as their biggest supporters?

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

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Principles of effectuation help entrepreneurs develop their cognitive adaptability.

__________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepreneurial process.

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.

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