Question 1

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Accepted Answer

A) True 
 B)False

Question 2

Since they are often overwhelmed by the pressure of decisions, one chore that most entrepreneurs never hesitate to delegate is decision making.

Accepted Answer

A) True 
 B)False

Question 3

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

Accepted Answer

A) True 
 B)False

Question 4

A proactive person would be most likely to say this about his or her life.

Accepted Answer

A)  I feel trapped. 
B)  If I don't like something, I fix it. 
C)  If I don't like something, I learn to live with it. 
D)  I like to leave well enough alone. 
A)  I feel trapped. 
B)  If I don't like something, I fix it. 
C)  If I don't like something, I learn to live with it. 
D)  I like to leave well enough alone.

Question 5

This is the simplest and briefest type of business plan.

Accepted Answer

A)  synopsis-type plan 
B)  full business plan 
C)  summary business plan 
D)  executive summary 
A)  synopsis-type plan 
B)  full business plan 
C)  summary business plan 
D)  executive summary

Question 6

This is the most complete and comprehensive type of business plan.

Accepted Answer

A)  executive summary 
B)  full business plan 
C)  summary business plan 
D)  synopsis-type plan 
A)  executive summary 
B)  full business plan 
C)  summary business plan 
D)  synopsis-type plan

Question 7

When hiring, entrepreneurs typically are much less concerned with matching a candidate's values to the organization's organizational culture than traditional HRM managers.

Accepted Answer

A) True 
 B)False

Question 8

In most cases, the first step in the initial (pre-planning) phase of the entrepreneurial process is this.

Accepted Answer

A)  pinpointing potential competitive advantages 
B)  identifying potential opportunities 
C)  exploring finance options 
D)  researching the venture's feasibility 
A)  pinpointing potential competitive advantages 
B)  identifying potential opportunities 
C)  exploring finance options 
D)  researching the venture's feasibility

Question 9

In a short essay, explain how entrepreneurial you think you are.

Accepted Answer

Sample response:
I think I am a fairly e

Question 10

This type of work team has authority to implement the changes it recommends.

Accepted Answer

A)  empowered 
B)  cross-functional 
C)  problem solving 
D)  self-directed 
A)  empowered 
B)  cross-functional 
C)  problem solving 
D)  self-directed

Question 11

The more proactive you are, the more likely you are to be an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 12

A good way to ease into employee empowerment is to let employees share in decision making.

Accepted Answer

A) True 
 B)False

Question 13

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

Accepted Answer

If the entrepreneur has trouble delegati

Question 14

An entrepreneur should ________ a plan for dealing with an economic downturn ________ any downturn occurs.

Accepted Answer

A)  create; when 
B)  have; in place before 
C)  write out; after 
D)  think out; while 
A)  create; when 
B)  have; in place before 
C)  write out; after 
D)  think out; while

Question 15

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

Accepted Answer

A) True 
 B)False

Question 16

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

Accepted Answer

In planning an entrepreneurial venture,

Question 17

In a short essay, explain what a proactive personality is and what its connection is to entrepreneurship.

Accepted Answer

A person with a proactive personality wi

Question 18

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

Accepted Answer

First, the entrepreneur needs to identif

Question 19

In general, an entrepreneurial venture that sees ________ as its competitive advantage would tend to be ________ in structure.

Accepted Answer

A)  efficiency; organic 
B)  efficiency; informal 
C)  innovation; mechanistic 
D)  innovation: informal 
A)  efficiency; organic 
B)  efficiency; informal 
C)  innovation; mechanistic 
D)  innovation: informal

Question 20

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Accepted Answer

A) True 
 B)False

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Since they are often overwhelmed by the pressure of decisions, one chore that most entrepreneurs never hesitate to delegate is decision making.

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

A proactive person would be most likely to say this about his or her life.

This is the simplest and briefest type of business plan.

This is the most complete and comprehensive type of business plan.

When hiring, entrepreneurs typically are much less concerned with matching a candidate's values to the organization's organizational culture than traditional HRM managers.

In most cases, the first step in the initial (pre-planning) phase of the entrepreneurial process is this.

In a short essay, explain how entrepreneurial you think you are.

This type of work team has authority to implement the changes it recommends.

The more proactive you are, the more likely you are to be an entrepreneur.

A good way to ease into employee empowerment is to let employees share in decision making.

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

An entrepreneur should a plan for dealing with an economic downturn any downturn occurs.

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

In a short essay, explain what a proactive personality is and what its connection is to entrepreneurship.

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

In general, an entrepreneurial venture that sees as its competitive advantage would tend to be in structure.

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Filters

Exam 19: A Entrepreneurship Module

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Since they are often overwhelmed by the pressure of decisions, one chore that most entrepreneurs never hesitate to delegate is decision making.

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

A proactive person would be most likely to say this about his or her life.

This is the simplest and briefest type of business plan.

This is the most complete and comprehensive type of business plan.

When hiring, entrepreneurs typically are much less concerned with matching a candidate's values to the organization's organizational culture than traditional HRM managers.

In most cases, the first step in the initial (pre-planning) phase of the entrepreneurial process is this.

In a short essay, explain how entrepreneurial you think you are.

This type of work team has authority to implement the changes it recommends.

The more proactive you are, the more likely you are to be an entrepreneur.

A good way to ease into employee empowerment is to let employees share in decision making.

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

An entrepreneur should ________ a plan for dealing with an economic downturn ________ any downturn occurs.

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

In a short essay, explain what a proactive personality is and what its connection is to entrepreneurship.

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

In general, an entrepreneurial venture that sees ________ as its competitive advantage would tend to be ________ in structure.

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Filters

An entrepreneur should a plan for dealing with an economic downturn any downturn occurs.

In general, an entrepreneurial venture that sees as its competitive advantage would tend to be in structure.