,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
Chapter 02 m
Individual Leadership and Entrepreneurial Start-
m m m m m
Ups
Truem/mFalsemQuestions
1. Theremismonemcrucialmpersonminmamlargemorganization:mthemchiefmexecutivemofficer.
True False
2. Largemcompaniesmhavemexcessmresourcesmto massistmthem.mThismexcessmismcalled mboundariesmunlimite
d.
True False
3. Organizationalmslackmallowsmlargemorganizationsmflexibilitymthatmismnotmavailablemto msm
aller mcompanies.
True False
4. A mnewmentrepreneurialmbusinessmhasmmanymformalmproceduresmto mfollow.
True False
5. Themmostmimportantmpersonminmanmentrepreneurialmbusinessmismthemfounder.
True False
2-1
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
6. Inmamsmallmfamilymbusiness,mthemmostmimportantmsupportmgroup mismthemfamily.
True False
7. A msmallmbusinessmhasmlessmflexibilitymto mrespond mto mchangemthanmamlargemcompany.
True False
8. Largemfirmsmcanmfillmmarketmnichesmthatmsmallmcompaniesmcannotmafford mto mfill.
True False
9. Onemadvantagemthatmamlargemfirmmhasmover mamsmallmfirmmismeconomiesmofmscale.
True False
10. Themunlimited mtheorymsuggestsmthatmindividuals mactmto mmaximize mtheir mownmindividualmbenefit.
True False
11. Themagencymtheorymimpliesmthatmamsmallmbusinessmowner mismmoremlikelymto mgo monmthemInternetmt
o mfind mthemcheapestmtravelmticketmavailableminmorder mto msavemmoneymfor mthembusiness.
True False
12. Onemofmthemgreatestmassetsmofmamsmallmbusinessmismthemowner.
True False
13. Potentialmentrepreneursmmustmdeterminemthemlevelmofmriskmthatmtheymaremablemto mtolerate.
True False
2-2
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
14. Themprofitmpointmismwhenmamnewmbusinessmhasmreached mamlevelmwheremrevenuemcoming minto mthemf
irmmismsufficientmto mcover mexpenses.
True False
15. Inmamsmallmbusinessmanmowner mneedsmto mconsider mhowmmuchmdebtmhemor mshemwantsmto maccumul
ateminmthembusiness.mThemgreater mthemdebt,mthemlower mthemriskmtolerance.
True False
16. Theremismalwaysmamcertainmlevelmofmriskmthatmanmowner mwantsmto massume.
True False
17. Themowner mmustmbemawaremofmhismor mher mownmtolerancemofmriskmand mestablishmambusinessmt
hatmismconsistentmwithmthatmtolerance.
True False
18. Entrepreneurialmorientationmreliesmonmanmowner'smprior mworkmexperience.
True False
19. Bounded mrationalitymoffersmthemindividualmfrommoutsidemanmindustrymthemunconstrained mrol
emofmdecisionmmaking mthatmwasmnotmpreviouslymconsidered.
True False
20. Futurembusinessmownersmneed mto munderstand mhowmtheir mownmversionmofmrationalitymaffectsm
their mdecisionmmaking.
True False
2-3
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
Chapter 02 m
Individual Leadership and Entrepreneurial Start-
m m m m m
Ups
Truem/mFalsemQuestions
1. Theremismonemcrucialmpersonminmamlargemorganization:mthemchiefmexecutivemofficer.
True False
2. Largemcompaniesmhavemexcessmresourcesmto massistmthem.mThismexcessmismcalled mboundariesmunlimite
d.
True False
3. Organizationalmslackmallowsmlargemorganizationsmflexibilitymthatmismnotmavailablemto msm
aller mcompanies.
True False
4. A mnewmentrepreneurialmbusinessmhasmmanymformalmproceduresmto mfollow.
True False
5. Themmostmimportantmpersonminmanmentrepreneurialmbusinessmismthemfounder.
True False
2-1
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
6. Inmamsmallmfamilymbusiness,mthemmostmimportantmsupportmgroup mismthemfamily.
True False
7. A msmallmbusinessmhasmlessmflexibilitymto mrespond mto mchangemthanmamlargemcompany.
True False
8. Largemfirmsmcanmfillmmarketmnichesmthatmsmallmcompaniesmcannotmafford mto mfill.
True False
9. Onemadvantagemthatmamlargemfirmmhasmover mamsmallmfirmmismeconomiesmofmscale.
True False
10. Themunlimited mtheorymsuggestsmthatmindividuals mactmto mmaximize mtheir mownmindividualmbenefit.
True False
11. Themagencymtheorymimpliesmthatmamsmallmbusinessmowner mismmoremlikelymto mgo monmthemInternetmt
o mfind mthemcheapestmtravelmticketmavailableminmorder mto msavemmoneymfor mthembusiness.
True False
12. Onemofmthemgreatestmassetsmofmamsmallmbusinessmismthemowner.
True False
13. Potentialmentrepreneursmmustmdeterminemthemlevelmofmriskmthatmtheymaremablemto mtolerate.
True False
2-2
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Entrepreneurship The Art Science and Process for Su
m m m m m m m m m m m m
ccess 2nd Edition Bamford m m m
14. Themprofitmpointmismwhenmamnewmbusinessmhasmreached mamlevelmwheremrevenuemcoming minto mthemf
irmmismsufficientmto mcover mexpenses.
True False
15. Inmamsmallmbusinessmanmowner mneedsmto mconsider mhowmmuchmdebtmhemor mshemwantsmto maccumul
ateminmthembusiness.mThemgreater mthemdebt,mthemlower mthemriskmtolerance.
True False
16. Theremismalwaysmamcertainmlevelmofmriskmthatmanmowner mwantsmto massume.
True False
17. Themowner mmustmbemawaremofmhismor mher mownmtolerancemofmriskmand mestablishmambusinessmt
hatmismconsistentmwithmthatmtolerance.
True False
18. Entrepreneurialmorientationmreliesmonmanmowner'smprior mworkmexperience.
True False
19. Bounded mrationalitymoffersmthemindividualmfrommoutsidemanmindustrymthemunconstrained mrol
emofmdecisionmmaking mthatmwasmnotmpreviouslymconsidered.
True False
20. Futurembusinessmownersmneed mto munderstand mhowmtheir mownmversionmofmrationalitymaffectsm
their mdecisionmmaking.
True False
2-3
Copyrightm©m2016 mMcGraw-
HillmEducation. mAllmrights mreserved. mNo mreproduction mor mdistribution mwithoutmthemprior mwritten mconsentmof m McGraw-
HillmEducation.
mynursytest.store
