Question 1

What method emphasizes moving quickly from the initial plan to reality?

Accepted Answer

A)  The Process Method
B)  The Franchise Method
C)  The Entrepreneurship Method
D)  The Startup Method C

Question 2

The fatty white tissue created in your brain through focused repeated activity is ______.

Accepted Answer

A)  cerebrum
B)  myelin
C)  neuron
D)  sheath B

Question 3

After months of sharing his fitness venture with his high school football team and receiving feedback,Jarod decided to start promoting it on Facebook.This illustrates what concept?

Accepted Answer

A)  serial entrepreneurship
B)  the practice of entrepreneurship
C)  franchising
D)  managerial thinking B

Question 4

Describe family enterprising and apply the concept to your business concept.

Accepted Answer

The answer of Describe family enterprising and apply the concept...

Question 5

______ have touched every corner of our lives,affecting every aspect of the way we live.

Accepted Answer

A)  Lifestyles
B)  Corporations
C)  Entrepreneurs
D)  Managers

Question 6

Discuss the statement "Entrepreneurship can be taught (it's a method that requires practice.)" Do you agree? Why or why not?

Accepted Answer

The answer of Discuss the statement "Entrepreneurship can be taught...

Question 7

Entrepreneurship is reserved for startups.

Accepted Answer

A) True 
 B)False

Question 8

Entrepreneurs who have engaged in years of deliberate practice tend to have ______.

Accepted Answer

A)  a "blind spot" concerning innovation
B)  big egos
C)  a higher sense of intuition
D)  difficulty transmitting their knowledge to others

Question 9

Richard Branson's expansion of his Virgin Group to include railway,music,media,and banking industries is an example of ______ entrepreneurship.

Accepted Answer

A)  global
B)  nascent
C)  social
D)  serial

Question 10

Compare and contrast three truths about entrepreneurship and your own experience with entrepreneurs.

Accepted Answer

The answer of Compare and contrast three truths about entrepreneurship...

Question 11

Approximately 70% of family businesses fail or are sold before the second generation reaches a position to take over.

Accepted Answer

A) True 
 B)False

Question 12

Analyze the importance of action and practice in entrepreneurship.

Accepted Answer

The answer of Analyze the importance of action and practice...

Question 13

When practicing entrepreneurship,starting with means at hand involves ______.

Accepted Answer

A)  analyzing who you are
B)  using your available resources to fund your venture
C)  asking friends to contribute to your venture
D)  sharing your ideas

Question 14

Your classmate is planning a new venture.He has spent a lot of time on planning and analysis,taking a managerial approach as he attempts to predict the future.This type of path is typically taken by what type of entrepreneur?

Accepted Answer

A)  social entrepreneur
B)  novice entrepreneur
C)  corporate entrepreneur
D)  family entrepreneur

Question 15

As babies,we learned by trial and error.Through traditional education,we think more like ______.

Accepted Answer

A)  franchisees
B)  managers
C)  entrepreneurs
D)  collaborators

Question 16

According to the authors,what is the precursor to entrepreneurial action?

Accepted Answer

A)  a business process
B)  the right mindset
C)  an understanding that failure is probable
D)  the acquisition of resources

Question 17

The cycle of act-learn-build encourages entrepreneurs to take small actions in order to learn and build that learning into the next action.

Accepted Answer

A) True 
 B)False

Question 18

According to the textbook,entrepreneurship has traditionally been viewed as ______.

Accepted Answer

A)  a process of sequential steps
B)  a marketing task
C)  the only way to succeed
D)  a financial failure

Question 19

Successful entrepreneurs tend to follow which approach to collaboration?

Accepted Answer

A)  They do not collaborate and work in isolation.
B)  They collaborate with potential customers,but not with competitors.
C)  They collaborate with both potential customers and competitors.
D)  They collaborate with competitors,but not with potential customers.

Question 20

What was violinist Nathan Milstein concerned about with deliberate practice?

Accepted Answer

A)  practicing without an audience
B)  practicing too much
C)  practicing less than his competition
D)  practicing without supervision

Exam 1: Practicing Entrepreneurship

What method emphasizes moving quickly from the initial plan to reality?

The fatty white tissue created in your brain through focused repeated activity is ______.

After months of sharing his fitness venture with his high school football team and receiving feedback,Jarod decided to start promoting it on Facebook.This illustrates what concept?

Describe family enterprising and apply the concept to your business concept.

______ have touched every corner of our lives,affecting every aspect of the way we live.

Discuss the statement "Entrepreneurship can be taught (it's a method that requires practice.)" Do you agree? Why or why not?

Entrepreneurship is reserved for startups.

Entrepreneurs who have engaged in years of deliberate practice tend to have ______.

Richard Branson's expansion of his Virgin Group to include railway,music,media,and banking industries is an example of ______ entrepreneurship.

Compare and contrast three truths about entrepreneurship and your own experience with entrepreneurs.

Approximately 70% of family businesses fail or are sold before the second generation reaches a position to take over.

Analyze the importance of action and practice in entrepreneurship.

When practicing entrepreneurship,starting with means at hand involves ______.

Your classmate is planning a new venture.He has spent a lot of time on planning and analysis,taking a managerial approach as he attempts to predict the future.This type of path is typically taken by what type of entrepreneur?

As babies,we learned by trial and error.Through traditional education,we think more like ______.

According to the authors,what is the precursor to entrepreneurial action?

The cycle of act-learn-build encourages entrepreneurs to take small actions in order to learn and build that learning into the next action.

According to the textbook,entrepreneurship has traditionally been viewed as ______.

Successful entrepreneurs tend to follow which approach to collaboration?

What was violinist Nathan Milstein concerned about with deliberate practice?