,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
Chapter 02I j j
ndividual Leadership and Entrepreneurial Start-Ups
j j j j
Truej/jFalsejQuestions
1. Therej isjonej crucialj personj inj aj largej organization:j thej chiefj executivej officer.
True False
2. Largejcompaniesjhavej excessjresourcesjto jassistj them.j Thisjexcessj isj called j boundariesjunlimited.
True False
3. Organizationalj slackj allowsj largej organizationsj flexibilityj thatj isj notj availablej to jsmaller j com
panies.
True False
4. A jnewjentrepreneurialjbusinessjhasjmanyjformaljproceduresjto jfollow.
True False
5. Thejmostj importantj personjinj anj entrepreneurialj businessjisj thej founder.
True False
2-1
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
6. Inj aj smallj familyj business,j thej mostj importantj supportj group j isj thej family.
True False
7. A j smallj businessjhasj lessj flexibilityj to j respond j to j changej thanj aj largej company.
True False
8. Largejfirmsjcanj fillj marketjnichesj thatj smalljcompaniesj cannotjafford j to j fill.
True False
9. Onej advantagej thatj aj largej firmj hasj over j aj smallj firmj isj economiesj ofj scale.
True False
10. Thejunlimited jtheoryjsuggestsjthatjindividualsjactjto jmaximizejtheir j ownjindivid ualjbenefit.
True False
11. Thej agencyj theoryj impliesj thatj aj smallj businessj owner j isj morej likelyj to j go j onj thej Internetj to j find j thej che
apestj travelj ticketj availablej inj order j to j savej moneyj for j thej business.
True False
12. Onej ofj thej greatestj assetsj ofj aj smallj businessj isj thej owner.
True False
13. Potentialj entrepreneursj mustj determinej thej levelj ofj riskjthatj theyj arej ablej to j tolerate.
True False
2-2
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
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, DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
14. Thej profitj pointj isj whenj aj newj businessj hasj reached j aj levelj wherej revenuej coming j into j thej firmjisj sufficie
ntj to j cover j expenses.
True False
15. Inj aj smallj businessj anj owner j needsj to j consider j howj muchj debtj hej or j shej wantsj to j accumulatej inj thej bus
iness.j Thej greater j thej debt,j thej lower j thej riskj tolerance.
True False
16. Therej isj alwaysj aj certainj levelj ofj riskj thatj anj owner j wantsj to j assume.
True False
17. Thej owner j mustj bej awarej ofj hisj or j her jownj tolerancej ofj riskj and j establishj aj businessj thatj isj consist
entj withj thatj tolerance.
True False
18. Entrepreneurialjorientationjreliesjonjanjowner'sjprior jworkjexperience.
True False
19. Bounded j rationalityj offersj thej individualj fromj outsidej anj industryj thej unconstrained j rolej ofj deci
sionj making j thatj wasj notj previouslyj considered.
True False
20. Futurej businessj ownersj need j to j understand j howj their j ownj versionj ofj rationalityj affectsj their j decis
ionj making.
True False
2-3
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
mynursytest.store
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
Chapter 02I j j
ndividual Leadership and Entrepreneurial Start-Ups
j j j j
Truej/jFalsejQuestions
1. Therej isjonej crucialj personj inj aj largej organization:j thej chiefj executivej officer.
True False
2. Largejcompaniesjhavej excessjresourcesjto jassistj them.j Thisjexcessj isj called j boundariesjunlimited.
True False
3. Organizationalj slackj allowsj largej organizationsj flexibilityj thatj isj notj availablej to jsmaller j com
panies.
True False
4. A jnewjentrepreneurialjbusinessjhasjmanyjformaljproceduresjto jfollow.
True False
5. Thejmostj importantj personjinj anj entrepreneurialj businessjisj thej founder.
True False
2-1
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
6. Inj aj smallj familyj business,j thej mostj importantj supportj group j isj thej family.
True False
7. A j smallj businessjhasj lessj flexibilityj to j respond j to j changej thanj aj largej company.
True False
8. Largejfirmsjcanj fillj marketjnichesj thatj smalljcompaniesj cannotjafford j to j fill.
True False
9. Onej advantagej thatj aj largej firmj hasj over j aj smallj firmj isj economiesj ofj scale.
True False
10. Thejunlimited jtheoryjsuggestsjthatjindividualsjactjto jmaximizejtheir j ownjindivid ualjbenefit.
True False
11. Thej agencyj theoryj impliesj thatj aj smallj businessj owner j isj morej likelyj to j go j onj thej Internetj to j find j thej che
apestj travelj ticketj availablej inj order j to j savej moneyj for j thej business.
True False
12. Onej ofj thej greatestj assetsj ofj aj smallj businessj isj thej owner.
True False
13. Potentialj entrepreneursj mustj determinej thej levelj ofj riskjthatj theyj arej ablej to j tolerate.
True False
2-2
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
j j j j j j j j j j j j
ccess 2nd Edition Bamford j j j
14. Thej profitj pointj isj whenj aj newj businessj hasj reached j aj levelj wherej revenuej coming j into j thej firmjisj sufficie
ntj to j cover j expenses.
True False
15. Inj aj smallj businessj anj owner j needsj to j consider j howj muchj debtj hej or j shej wantsj to j accumulatej inj thej bus
iness.j Thej greater j thej debt,j thej lower j thej riskj tolerance.
True False
16. Therej isj alwaysj aj certainj levelj ofj riskj thatj anj owner j wantsj to j assume.
True False
17. Thej owner j mustj bej awarej ofj hisj or j her jownj tolerancej ofj riskj and j establishj aj businessj thatj isj consist
entj withj thatj tolerance.
True False
18. Entrepreneurialjorientationjreliesjonjanjowner'sjprior jworkjexperience.
True False
19. Bounded j rationalityj offersj thej individualj fromj outsidej anj industryj thej unconstrained j rolej ofj deci
sionj making j thatj wasj notj previouslyj considered.
True False
20. Futurej businessj ownersj need j to j understand j howj their j ownj versionj ofj rationalityj affectsj their j decis
ionj making.
True False
2-3
Copyrightj©j2016 jMcGraw-
HilljEducation.jAlljrights jreserved.jNojreproductionjor jdistribution jwithoutjthejprior jwritten jconsentjofj McGraw-HilljEducation.
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