Question 1

This section of a full business plan would include possible income statements for the next three years.

Accepted Answer

A)  financial data and projections 
B)  executive summary 
C)  analysis of opportunity 
D)  description of the business 
A)  financial data and projections 
B)  executive summary 
C)  analysis of opportunity 
D)  description of the business

Question 2

This type of business plan is a step up from the simplest type of business plan.

Accepted Answer

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

Question 3

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

Accepted Answer

A) True 
 B)False

Question 4

An entrepreneurial venture's advertising strategy would be included in the description of the business section of a full business plan.

Accepted Answer

A) True 
 B)False

Question 5

A leader of an entrepreneurial organization is like a jazz band leader because he or she ________.

Accepted Answer

A)  controls every "note" that the performers "play" 
B)  wants a happy and harmonious workplace 
C)  has no influence over what the performers "play" 
D)  works to draw the "best" out of every performer 
A)  controls every "note" that the performers "play" 
B)  wants a happy and harmonious workplace 
C)  has no influence over what the performers "play" 
D)  works to draw the "best" out of every performer

Question 6

One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________.

Accepted Answer

A)  productivity 
B)  efficiency 
C)  quality 
D)  innovation 
A)  productivity 
B)  efficiency 
C)  quality 
D)  innovation

Question 7

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Accepted Answer

A)  managerial 
B)  ceremonial figurehead 
C)  background 
D)  subordinating 
A)  managerial 
B)  ceremonial figurehead 
C)  background 
D)  subordinating

Question 8

Nonvisionary entrepreneurial leaders usually outperform visionary entrepreneurial leaders.

Accepted Answer

A) True 
 B)False

Question 9

Most entrepreneurial ventures are successful.

Accepted Answer

A) True 
 B)False

Question 10

Employee empowerment increases productivity but decreases employee motivation.

Accepted Answer

A) True 
 B)False

Question 11

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

Accepted Answer

A)  somewhat greater than 
B)  less than 
C)  about the same as 
D)  much greater than 
A)  somewhat greater than 
B)  less than 
C)  about the same as 
D)  much greater than

Question 12

In a short essay, describe the contents of the executive summary part of a full business plan.

Accepted Answer

An executive summary is sort of a mini-v

Question 13

Legal issues for an entrepreneurial organization typically are addressed after the organization is up and running.

Accepted Answer

A) True 
 B)False

Question 14

When it was first starting out, the Viking Range company qualified as an entrepreneurial organization because its products were ________.

Accepted Answer

A)  high in quality 
B)  expensive 
C)  innovative and different 
D)  loved by serious cooks 
A)  high in quality 
B)  expensive 
C)  innovative and different 
D)  loved by serious cooks

Question 15

One of the keys that distinguishes an entrepreneurial organization from a conventional organization is the concerted emphasis on growth.

Accepted Answer

A) True 
 B)False

Question 16

In a short essay, explain what an entrepreneurial venture is and how it differs from a small business.

Accepted Answer

An entrepreneurial venture is a business

Question 17

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

Accepted Answer

A)  adapt to 
B)  change 
C)  be successful in 
D)  be well liked in 
A)  adapt to 
B)  change 
C)  be successful in 
D)  be well liked in

Question 18

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

Accepted Answer

A)  proactive 
B)  talented 
C)  likeable 
D)  desperate 
A)  proactive 
B)  talented 
C)  likeable 
D)  desperate

Question 19

An entrepreneurial venture is the same as a small business.

Accepted Answer

A) True 
 B)False

Question 20

In a short essay, describe the contents of the business description part of a full business plan.

Accepted Answer

A business description describes how an

This section of a full business plan would include possible income statements for the next three years.

This type of business plan is a step up from the simplest type of business plan.

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

An entrepreneurial venture's advertising strategy would be included in the description of the business section of a full business plan.

A leader of an entrepreneurial organization is like a jazz band leader because he or she ________.

One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________.

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Nonvisionary entrepreneurial leaders usually outperform visionary entrepreneurial leaders.

Most entrepreneurial ventures are successful.

Employee empowerment increases productivity but decreases employee motivation.

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

In a short essay, describe the contents of the executive summary part of a full business plan.

Legal issues for an entrepreneurial organization typically are addressed after the organization is up and running.

When it was first starting out, the Viking Range company qualified as an entrepreneurial organization because its products were ________.

One of the keys that distinguishes an entrepreneurial organization from a conventional organization is the concerted emphasis on growth.

In a short essay, explain what an entrepreneurial venture is and how it differs from a small business.

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

An entrepreneurial venture is the same as a small business.

In a short essay, describe the contents of the business description part of a full business plan.

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

This section of a full business plan would include possible income statements for the next three years.

This type of business plan is a step up from the simplest type of business plan.

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

An entrepreneurial venture's advertising strategy would be included in the description of the business section of a full business plan.

A leader of an entrepreneurial organization is like a jazz band leader because he or she ________.

One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________.

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Nonvisionary entrepreneurial leaders usually outperform visionary entrepreneurial leaders.

Most entrepreneurial ventures are successful.

Employee empowerment increases productivity but decreases employee motivation.

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

In a short essay, describe the contents of the executive summary part of a full business plan.

Legal issues for an entrepreneurial organization typically are addressed after the organization is up and running.

When it was first starting out, the Viking Range company qualified as an entrepreneurial organization because its products were ________.

One of the keys that distinguishes an entrepreneurial organization from a conventional organization is the concerted emphasis on growth.

In a short essay, explain what an entrepreneurial venture is and how it differs from a small business.

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

An entrepreneurial venture is the same as a small business.

In a short essay, describe the contents of the business description part of a full business plan.

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