Question 1

For entrepreneurial actions that preserve nature to be considered sustainable entrepreneurship,they must also develop gains for the entrepreneur,others,and/or society.

Accepted Answer

A) True 
 B)False

Question 2

The thought experiment "Curry in a Hurry" is an example of the effectuation process.

Accepted Answer

A) True 
 B)False  True

Question 3

The casual process of thinking starts with what one has and selects among possible outcomes.

Accepted Answer

A) True 
 B)False

Question 4

Describe the difference between the causal process and the effectuation process.

Accepted Answer

Effectuation is process that starts with what one has (who they are,what they know,and whom they know)and selects among possible outcomes.Basically identifying resources and THEN finding an opportunity to fit whereas the casual process starts with a desired outcome and focuses on the means (what resources are needed)to generate that outcome.

Question 5

Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities.

Accepted Answer

A) True 
 B)False

Question 6

Identify and define the four types of questions/tasks related to increasing cognitive ability.

Accepted Answer

1.Comprehension questions are designed t...

Question 7

Which group in a professional network helps keep a new venture competitive

Accepted Answer

A)   Clients or buyers
B)   Mentors
C)   Trade associations
D)   SuppliersE) A) and B)
F) None of the above

Question 8

Role models can include family members as well as industry professionals.

Accepted Answer

A) True 
 B)False

Question 9

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Accepted Answer

A) True 
 B)False

Question 10

All of the following statements are true of sustainable entrepreneurship except:

Accepted Answer

A)   Entrepreneurs with a positive attitude toward the natural environment never disengage these values to exploit an opportunity.
B)   It is not just the natural environment that needs sustained; communities also need to be preserved.
C)   Environmental gains include reduced air pollution, improved air quality, and enhanced living conditions.
D)   Social gains include improved child survival rates, longer life expectancy, and equal opportunity.E) All of the above
F) A) and B)

Question 11

The McMullen-Shepherd Model helps identify the common traits of successful entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 12

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Accepted Answer

A) True 
 B)False

Question 13

Most entrepreneurs indicate that their most significant venture was not their first one.

Accepted Answer

A) True 
 B)False  True

Question 14

Individuals have stronger intentions to act when taking action is perceived to be ________ and desirable.

Accepted Answer

A)   elusive
B)   feasible
C)   flexible
D)   riskyE) All of the above
F) A) and B)

Question 15

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Accepted Answer

A) True 
 B)False

Question 16

Previous start-up experience is a good predictor of starting subsequent businesses.

Accepted Answer

A) True 
 B)False

Question 17

The effectuation process starts with what one has and selects among possible outcomes.

Accepted Answer

A) True 
 B)False

Question 18

On the education background,entrepreneurs:

Accepted Answer

A)   are less educated than the general population.
B)   cite an educational need in the areas of finance, strategic planning, marketing, and management.
C)   who lack a formal education, fail to create new businesses and exploit discovered opportunities.
D)   cite formal education to be indispensible in starting a new business.E) A) and D)
F) A) and C)

Question 19

Entrepreneurial action can be defined as those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Accepted Answer

A) True 
 B)False

Question 20

Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.

Accepted Answer

A) True 
 B)False

Exam 1: The Entrepreneurial Mind-Set

For entrepreneurial actions that preserve nature to be considered sustainable entrepreneurship,they must also develop gains for the entrepreneur,others,and/or society.

Correct Answer
verified

The thought experiment "Curry in a Hurry" is an example of the effectuation process.

Correct Answer
verified
True

The casual process of thinking starts with what one has and selects among possible outcomes.

Correct Answer
verified

Describe the difference between the causal process and the effectuation process.

Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities.

Correct Answer
verified

Identify and define the four types of questions/tasks related to increasing cognitive ability.

Correct Answer
verified
1.Comprehension questions are designed t...
View Answer

Which group in a professional network helps keep a new venture competitive

Correct Answer
verified

Role models can include family members as well as industry professionals.

Correct Answer
verified

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Correct Answer
verified

All of the following statements are true of sustainable entrepreneurship except:

Correct Answer
verified

The McMullen-Shepherd Model helps identify the common traits of successful entrepreneurs.

Correct Answer
verified

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Correct Answer
verified

Most entrepreneurs indicate that their most significant venture was not their first one.

Correct Answer
verified
True

Individuals have stronger intentions to act when taking action is perceived to be ________ and desirable.

Correct Answer
verified

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Correct Answer
verified

Previous start-up experience is a good predictor of starting subsequent businesses.

Correct Answer
verified

The effectuation process starts with what one has and selects among possible outcomes.

Correct Answer
verified

On the education background,entrepreneurs:

Correct Answer
verified

Entrepreneurial action can be defined as those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Correct Answer
verified

Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.

Correct Answer
verified

Exam 1: The Entrepreneurial Mind-Set

For entrepreneurial actions that preserve nature to be considered sustainable entrepreneurship,they must also develop gains for the entrepreneur,others,and/or society.

Correct AnswerverifiedShow Answer

The thought experiment "Curry in a Hurry" is an example of the effectuation process.

Correct AnswerverifiedTrue

The casual process of thinking starts with what one has and selects among possible outcomes.

Correct AnswerverifiedShow Answer

Describe the difference between the causal process and the effectuation process.

Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems and opportunities.

Correct AnswerverifiedShow Answer

Identify and define the four types of questions/tasks related to increasing cognitive ability.

Correct Answerverified1.Comprehension questions are designed t...View AnswerShow Answer

Which group in a professional network helps keep a new venture competitive

Correct AnswerverifiedShow Answer

Role models can include family members as well as industry professionals.

Correct AnswerverifiedShow Answer

Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s,while women entrepreneurs tend to do so in their early 30s.

Correct AnswerverifiedShow Answer

All of the following statements are true of sustainable entrepreneurship except:

Correct AnswerverifiedShow Answer

The McMullen-Shepherd Model helps identify the common traits of successful entrepreneurs.

Correct AnswerverifiedShow Answer

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Correct AnswerverifiedShow Answer

Most entrepreneurs indicate that their most significant venture was not their first one.

Correct AnswerverifiedTrue

Individuals have stronger intentions to act when taking action is perceived to be ________ and desirable.

Correct AnswerverifiedShow Answer

Entrepreneurial opportunities are those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Correct AnswerverifiedShow Answer

Previous start-up experience is a good predictor of starting subsequent businesses.

Correct AnswerverifiedShow Answer

The effectuation process starts with what one has and selects among possible outcomes.

Correct AnswerverifiedShow Answer

On the education background,entrepreneurs:

Correct AnswerverifiedShow Answer

Entrepreneurial action can be defined as those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Correct AnswerverifiedShow Answer

Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
1.Comprehension questions are designed t...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified