ENTR Exam 1 With All Questions and Answers 2023
If you and your sisters take over your grandfather's store, you are part of a(n)
______.
a. intrapreneurship
b. benefit entrepreneurship
c. startup
d. family enterprise - ANSWER d. family enterprise
Entrepreneurs inside consist of employees who think and act entrepreneurial
within an organization.
a. True
b. False - ANSWER a. True
Which of the following is a characteristic of Dr. Saras Sarasvathy's theory of
effectuation?
a. It is based on the idea that entrepreneurs can control their future.
b. It showed that first-time entrepreneurs were just as creative as serial
entrepreneurs.
c. It looked at entrepreneurs from only one industry.
d. It shows us that specific thinking patterns do not matter. - ANSWER a. It is
based on the idea that entrepreneurs can control their future.
When calculating affordable loss, ______.
a. let the risk of failure control your decision
b. you cannot calculate the risk
c. think about what you are willing to lose
d. take the most risk you possibly can - ANSWER c. think about what you are
willing to lose
The way to manage the chaos and craziness of a new business is known as
entrepreneurship______.
ENTR Exam 1 With All Questions and Answers 2023
, ENTR Exam 1 With All Questions and Answers 2023
a. method
b. training
c. model
d. process - ANSWER a. method
If you follow the entrepreneurship method, a change in mindset will lead to new
skills and ______.
a. unrealistic expectations
b. an easy path
c. poor decisions
d. smarter work - ANSWER d. smarter work
If a work colleague tells you about his new work venture over lunch, you should
tell your boss.
a. True
b. False - ANSWER b. False
Throughout the ages, entrepreneurs have made changes to the world with
inventions such as Benjamin Franklin's ______.
a. blimp
b. automatic dishwasher
c. potato chip
d. lightning rod - ANSWER d. lightning rod
A method of carrying out carefully focused efforts to improve current performance
is ______.
a. entrepreneurship
b. habitual practice
c. effectuation
ENTR Exam 1 With All Questions and Answers 2023
, ENTR Exam 1 With All Questions and Answers 2023
d. deliberate practice - ANSWER d. deliberate practice Why is it true that
entrepreneurship can be taught?
a. Entrepreneurs are lucky people.
b. Entrepreneurs exhibit a pattern of thinking which can be changed.
c. Entrepreneurs have a certain personality type.
d. Entrepreneurs are born and not made. - ANSWER b. Entrepreneurs exhibit a
pattern of thinking which can be changed.
Large corporations have corporate entrepreneurs to ______.
a. keep other large corporations from improving on their products
b. force employees to take learn new skills
c. spend more money on new products
d. enhance competitive position - ANSWER d. enhance competitive position
One of the main reasons over 50 percent of startups fail after years of business is
______.
a. a loss of interest
b. a lack of entrepreneurship education
c. the competition
d. there is no longer a need for the idea or product - ANSWER b. a lack of
entrepreneurship education
If you come up with a product that you feel passionate about because you believe
it will radically change lives, you have ______.
a. identified your desired impact on the world
b. taken a small action
c. calculated affordable loss
d. reflected and been honest with yourself - ANSWER a. identified your desired
impact on the world
ENTR Exam 1 With All Questions and Answers 2023
If you and your sisters take over your grandfather's store, you are part of a(n)
______.
a. intrapreneurship
b. benefit entrepreneurship
c. startup
d. family enterprise - ANSWER d. family enterprise
Entrepreneurs inside consist of employees who think and act entrepreneurial
within an organization.
a. True
b. False - ANSWER a. True
Which of the following is a characteristic of Dr. Saras Sarasvathy's theory of
effectuation?
a. It is based on the idea that entrepreneurs can control their future.
b. It showed that first-time entrepreneurs were just as creative as serial
entrepreneurs.
c. It looked at entrepreneurs from only one industry.
d. It shows us that specific thinking patterns do not matter. - ANSWER a. It is
based on the idea that entrepreneurs can control their future.
When calculating affordable loss, ______.
a. let the risk of failure control your decision
b. you cannot calculate the risk
c. think about what you are willing to lose
d. take the most risk you possibly can - ANSWER c. think about what you are
willing to lose
The way to manage the chaos and craziness of a new business is known as
entrepreneurship______.
ENTR Exam 1 With All Questions and Answers 2023
, ENTR Exam 1 With All Questions and Answers 2023
a. method
b. training
c. model
d. process - ANSWER a. method
If you follow the entrepreneurship method, a change in mindset will lead to new
skills and ______.
a. unrealistic expectations
b. an easy path
c. poor decisions
d. smarter work - ANSWER d. smarter work
If a work colleague tells you about his new work venture over lunch, you should
tell your boss.
a. True
b. False - ANSWER b. False
Throughout the ages, entrepreneurs have made changes to the world with
inventions such as Benjamin Franklin's ______.
a. blimp
b. automatic dishwasher
c. potato chip
d. lightning rod - ANSWER d. lightning rod
A method of carrying out carefully focused efforts to improve current performance
is ______.
a. entrepreneurship
b. habitual practice
c. effectuation
ENTR Exam 1 With All Questions and Answers 2023
, ENTR Exam 1 With All Questions and Answers 2023
d. deliberate practice - ANSWER d. deliberate practice Why is it true that
entrepreneurship can be taught?
a. Entrepreneurs are lucky people.
b. Entrepreneurs exhibit a pattern of thinking which can be changed.
c. Entrepreneurs have a certain personality type.
d. Entrepreneurs are born and not made. - ANSWER b. Entrepreneurs exhibit a
pattern of thinking which can be changed.
Large corporations have corporate entrepreneurs to ______.
a. keep other large corporations from improving on their products
b. force employees to take learn new skills
c. spend more money on new products
d. enhance competitive position - ANSWER d. enhance competitive position
One of the main reasons over 50 percent of startups fail after years of business is
______.
a. a loss of interest
b. a lack of entrepreneurship education
c. the competition
d. there is no longer a need for the idea or product - ANSWER b. a lack of
entrepreneurship education
If you come up with a product that you feel passionate about because you believe
it will radically change lives, you have ______.
a. identified your desired impact on the world
b. taken a small action
c. calculated affordable loss
d. reflected and been honest with yourself - ANSWER a. identified your desired
impact on the world
ENTR Exam 1 With All Questions and Answers 2023
