TEST ITEM FILE
, CHAPTER 1
ENTREPRENEURSHIP TODAY
TRUE/FALSE
1.1 In 1955, General Electric was the country’s biggest company with nearly $10 billion in
sales.
Answer: F
1.2 While entrepreneurship can be seen in places around the world, it is most robust and
pervasive in the United States.
Answer: T
1.3 The number of people per business has been remarkably constant since the end of World
War II.
Answer: F
1.4 Deregulation provided a major setback to entrepreneurship.
Answer: F
1.5 The improvements in our economy in the early 1990s have brought an end to corporate
downsizing.
, Answer: F
1.6 At the heart of the new world order are changes in the way in which business is
conducted.
Answer: T
1.7 Jobs were a societal invention to provide the needed human resource element to allow the
industrial revolution to proceed.
Answer: T
1.8 Entrepreneurship requires a culture very much like that of the United States to survive.
Answer: F
1.9 Because of the magnitude of economic problems in many parts of the world, the World
Bank has withdrawn its support of programs fostering entrepreneurship.
Answer: F
1.10 The Grameen Bank provides microloans for microenterprises.
Answer: T
MULTIPLE CHOICE
, 1.11 The historic changes in the world economy of the 1980s and 1990s have been part of
a. the technosociety.
b. the new world order.
c. the entrepreneurial-controlled market.
d. the free market decline.
e. all of the above.
Answer: b
1.12 Among the changes occurring in the world economy of the 1980s and 1990s is/are
a. technological changes.
b. increasing worldwide competition.
c. thousands of jobs being eliminated.
d. all of the above.
e. none of the above.
Answer: d
1.13 Which is TRUE of entrepreneurship during the 1980s and 1990?
a. There has been an unparalleled reduction.
b. It is a major source of vitality in today’s world economy.
c. It has started to emerge.
d. All of the above.
e. None of the above.
, CHAPTER 1
ENTREPRENEURSHIP TODAY
TRUE/FALSE
1.1 In 1955, General Electric was the country’s biggest company with nearly $10 billion in
sales.
Answer: F
1.2 While entrepreneurship can be seen in places around the world, it is most robust and
pervasive in the United States.
Answer: T
1.3 The number of people per business has been remarkably constant since the end of World
War II.
Answer: F
1.4 Deregulation provided a major setback to entrepreneurship.
Answer: F
1.5 The improvements in our economy in the early 1990s have brought an end to corporate
downsizing.
, Answer: F
1.6 At the heart of the new world order are changes in the way in which business is
conducted.
Answer: T
1.7 Jobs were a societal invention to provide the needed human resource element to allow the
industrial revolution to proceed.
Answer: T
1.8 Entrepreneurship requires a culture very much like that of the United States to survive.
Answer: F
1.9 Because of the magnitude of economic problems in many parts of the world, the World
Bank has withdrawn its support of programs fostering entrepreneurship.
Answer: F
1.10 The Grameen Bank provides microloans for microenterprises.
Answer: T
MULTIPLE CHOICE
, 1.11 The historic changes in the world economy of the 1980s and 1990s have been part of
a. the technosociety.
b. the new world order.
c. the entrepreneurial-controlled market.
d. the free market decline.
e. all of the above.
Answer: b
1.12 Among the changes occurring in the world economy of the 1980s and 1990s is/are
a. technological changes.
b. increasing worldwide competition.
c. thousands of jobs being eliminated.
d. all of the above.
e. none of the above.
Answer: d
1.13 Which is TRUE of entrepreneurship during the 1980s and 1990?
a. There has been an unparalleled reduction.
b. It is a major source of vitality in today’s world economy.
c. It has started to emerge.
d. All of the above.
e. None of the above.
