Exam 1: Entrepreneurship and the Entrepreneurial Mind-Set

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

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A reflection task would involve thinking about what strategies should be used to solve a problem.

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The casual process of thinking starts with what one has and selects among possible outcomes.

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Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.

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Individuals have stronger intentions to act when taking action is perceived to be _____ and desirable.

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Define superficial similarities and structural similarities.Which was noted as the more challenging for entreprenuers?

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In Stage One of the McMullen-Shepherd Model:

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An entrepreneur asks if there is a better way to implement a strategy.Identify the category of this question.

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In Stage Two of the McMullen-Shepherd Model:

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