Question 1

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

Accepted Answer

Though entrepreneurs typically find it d

Question 2

With respect to entrepreneurship, a proactive person is best described as someone who has skill in identifying ________.

Accepted Answer

A)  a problem 
B)  trouble 
C)  a good idea 
D)  a good opportunity 
A)  a problem 
B)  trouble 
C)  a good idea 
D)  a good opportunity

Question 3

You would expect an entrepreneur who has a grand vision for the future to be more of a risk taker than an entrepreneur who is using his or her venture simply as a source of income.

Accepted Answer

A) True 
 B)False

Question 4

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

Accepted Answer

A) True 
 B)False

Question 5

Employee empowerment has little effect on an organization's profits or productivity.

Accepted Answer

A) True 
 B)False

Question 6

The two primary factors that affect the legal structure of an entrepreneurial organization are taxes and legal liability.

Accepted Answer

A) True 
 B)False

Question 7

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Accepted Answer

A)  selects an organizational design 
B)  creates a business plan 
C)  states a mission 
D)  selects a legal business organization form 
A)  selects an organizational design 
B)  creates a business plan 
C)  states a mission 
D)  selects a legal business organization form

Question 8

A person with a proactive personality is someone who ________.

Accepted Answer

A)  takes action 
B)  avoids taking action 
C)  is entrepreneurial 
D)  is not entrepreneurial 
A)  takes action 
B)  avoids taking action 
C)  is entrepreneurial 
D)  is not entrepreneurial

Question 9

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

Accepted Answer

A) True 
 B)False

Question 10

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

Accepted Answer

A)  stays nimble and flexible 
B)  is profitable 
C)  stays small and informal 
D)  is efficient 
A)  stays nimble and flexible 
B)  is profitable 
C)  stays small and informal 
D)  is efficient

Question 11

In a short essay, describe the classic entrepreneurial personality.

Accepted Answer

The typical successful entrepreneur is a

Question 12

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

Accepted Answer

A) True 
 B)False

Question 13

An entrepreneurial venture is much more likely to change an industry than a small business.

Accepted Answer

A) True 
 B)False

Question 14

People with proactive personalities tend to react to their environment more than trying to change their environment.

Accepted Answer

A) True 
 B)False

Question 15

The first step in managing a downturn in an entrepreneurial business is to recognize that things are not going well.

Accepted Answer

A) True 
 B)False

Question 16

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

Accepted Answer

A)  low 
B)  high 
C)  falling 
D)  neither rising nor falling 
A)  low 
B)  high 
C)  falling 
D)  neither rising nor falling

Question 17

After four years, ________ business.

Accepted Answer

A)  56 percent of entrepreneurial ventures are out of 
B)  56 percent of entrepreneurial ventures are still in 
C)  31 percent of entrepreneurial ventures are out of 
D)  63 percent of entrepreneurial ventures are out of 
A)  56 percent of entrepreneurial ventures are out of 
B)  56 percent of entrepreneurial ventures are still in 
C)  31 percent of entrepreneurial ventures are out of 
D)  63 percent of entrepreneurial ventures are out of

Question 18

This is typically the second step in the initial (pre-planning) phase of the entrepreneurial process.

Accepted Answer

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

Question 19

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Accepted Answer

A)  states a mission 
B)  selects a legal business organization form 
C)  creates a business plan 
D)  selects an organizational design 
A)  states a mission 
B)  selects a legal business organization form 
C)  creates a business plan 
D)  selects an organizational design

Question 20

During the first step of the planning and organizing phase of an entrepreneurial venture, this is accomplished.

Accepted Answer

A)  selecting a legal business organization form 
B)  stating a mission 
C)  selecting an organizational design 
D)  creating a business plan 
A)  selecting a legal business organization form 
B)  stating a mission 
C)  selecting an organizational design 
D)  creating a business plan

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

With respect to entrepreneurship, a proactive person is best described as someone who has skill in identifying ________.

You would expect an entrepreneur who has a grand vision for the future to be more of a risk taker than an entrepreneur who is using his or her venture simply as a source of income.

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

Employee empowerment has little effect on an organization's profits or productivity.

The two primary factors that affect the legal structure of an entrepreneurial organization are taxes and legal liability.

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

A person with a proactive personality is someone who ________.

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

In a short essay, describe the classic entrepreneurial personality.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

An entrepreneurial venture is much more likely to change an industry than a small business.

People with proactive personalities tend to react to their environment more than trying to change their environment.

The first step in managing a downturn in an entrepreneurial business is to recognize that things are not going well.

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

After four years, ________ business.

This is typically the second step in the initial (pre-planning) phase of the entrepreneurial process.

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

During the first step of the planning and organizing phase of an entrepreneurial venture, this is accomplished.

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

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

With respect to entrepreneurship, a proactive person is best described as someone who has skill in identifying ________.

You would expect an entrepreneur who has a grand vision for the future to be more of a risk taker than an entrepreneur who is using his or her venture simply as a source of income.

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

Employee empowerment has little effect on an organization's profits or productivity.

The two primary factors that affect the legal structure of an entrepreneurial organization are taxes and legal liability.

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

A person with a proactive personality is someone who ________.

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

In a short essay, describe the classic entrepreneurial personality.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

An entrepreneurial venture is much more likely to change an industry than a small business.

People with proactive personalities tend to react to their environment more than trying to change their environment.

The first step in managing a downturn in an entrepreneurial business is to recognize that things are not going well.

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

After four years, ________ business.

This is typically the second step in the initial (pre-planning) phase of the entrepreneurial process.

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

During the first step of the planning and organizing phase of an entrepreneurial venture, this is accomplished.

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