Exam 19: A Entrepreneurship Module

Job candidates are more likely to hear about ________ at an entrepreneurial organization than they would at conventional organizations.

This section of a full business plan would include an assessment of the industry of the venture and how it fits into the overall economic climate.

Selling an entrepreneurial venture is always a sign of failure.

Harvesting an entrepreneurial venture occurs when the venture ________.

Identifying opportunity is not a trait of a person with a proactive personality.

A command-and-control leadership style works best with an entrepreneurial organization that is organized in teams.

An entrepreneur's ability to be visionary is important because visionary companies tend to ________.

The leader of an entrepreneurial organization is like a marching band leader because he or she controls every note that his or her "musicians" play.

A brief mission statement of an entrepreneurial venture would be included in this section of a full business plan.

Entrepreneurs who have trouble delegating authority should go through the process of empowering employees in this manner.

Once the entrepreneurial organization is up and running, the entrepreneur becomes a manager.

Which of the following terms does not fit the classic profile of the successful entrepreneur?

An "accidental entrepreneur" is someone who became an entrepreneur because he or she ________.

The third step in the initial (pre-planning) phase of the entrepreneurial process is ________.

Many small entrepreneurial firms don't have a deliberately planned organizational structure because ________.

In general, employee empowerment ________ motivation in employees.

An entrepreneurial venture that sees its competitive advantage in cost efficiency would tend to adopt an organic style organizational structure.

An entrepreneurial venture whose goal is to create humorous video games would be likely to be ________.

This type of business plan is a step down from the most complete type of business plan.

An executive summary is the most complete kind of business plan.