Test Bank For Entrepreneurship Theory, Process, Practice - 29th - 2024 All Chapters - 9780357899502.pdf

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Chapterh02h
IndividualhLeadershiphandhEntrepreneurialhStart-Upsh
hh
h

Trueh/hFalsehQuestionsh
hh

1.h
Therehishonehcrucialhpersonhinhahlargehorganization:hthehchiefhexecutivehofficer.hh
hh

TruehhhhFalseh
hh

2.hLargehcompanieshhavehexcesshresourceshtohassisththem.hThishexcesshishcalledhboundarieshu
nlimited.hh
hh

TruehhhhFalseh
hh

3.hOrganizationalhslackhallowshlargehorganizationshflexibilityhthathishnothavailablehtohsmallerh
companies.hh
hh

TruehhhhFalseh
hh

4.hAhnewhentrepreneurialhbusinesshhashmanyhformalhprocedureshtohfollow.hh
hh

TruehhhhFalseh
hh

5.hThehmosthimportanthpersonhinhanhentrepreneurialhbusinesshishthehfounder.hh
hh

TruehhhhFalseh
hh

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6.hInhahsmallhfamilyhbusiness,hthehmosthimportanthsupporthgrouphishthehfamily.hh
hh

TruehhhhFalseh
hh

7.h
Ahsmallhbusinesshhashlesshflexibilityhtohrespondhtohchangehthanhahlargehcompany.hh
hh

TruehhhhFalseh
hh

8.hLargehfirmshcanhfillhmarkethnicheshthathsmallhcompanieshcannothaffordhtohfill.hh
hh

,TruehhhhFalseh
hh

9.hOnehadvantagehthathahlargehfirmhhashoverhahsmallhfirmhisheconomieshofhscale.hh
hh

TruehhhhFalseh
hh

10.hThehunlimitedhtheoryhsuggestshthathindividualshacthtohmaximizehtheirhownhindividualhbe
nefit.hh
hh

TruehhhhFalseh
hh

11.hThehagencyhtheoryhimplieshthathahsmallhbusinesshownerhishmorehlikelyhtohgohonhthehInter
nethtohfindh
thehcheapesthtravelhtickethavailablehinhorderhtohsavehmoneyhforhthehbusiness.hh
hh

TruehhhhFalseh
hh

12.hOnehofhthehgreatesthassetshofhahsmallhbusinesshishthehowner.hh
hh

TruehhhhFalseh
hh

13.hPotentialhentrepreneurshmusthdeterminehthehlevelhofhriskhthaththeyharehablehtohtolerate.hh
hh

TruehhhhFalseh
hh

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14.hThehprofithpointhishwhenhahnewhbusinesshhashreachedhahlevelhwherehrevenuehcominghinto
hthehfirmhish

sufficienthtohcoverhexpenses.hh
hh

TruehhhhFalseh
hh

15.hInhahsmallhbusinesshanhownerhneedshtohconsiderhhowhmuchhdebthhehorhshehwantshtohaccu
mulatehinh
thehbusiness.hThehgreaterhthehdebt,hthehlowerhthehriskhtolerance.hh
hh

TruehhhhFalseh
hh

16.hTherehishalwayshahcertainhlevelhofhriskhthathanhownerhwantshtohassume.hh
hh

TruehhhhFalseh
hh

17.hThehownerhmusthbehawarehofhhishorhherhownhtolerancehofhriskhandhestablishhahbusinessht
hathish
consistenthwithhthathtolerance.hh
hh

,TruehhhhFalseh
hh

18.hEntrepreneurialhorientationhrelieshonhanhowner'shpriorhworkhexperience.hh
hh

TruehhhhFalseh
hh

19.hBoundedhrationalityhoffershthehindividualhfromhoutsidehanhindustryhthehunconstrainedhro
lehofh
decisionhmakinghthathwashnothpreviouslyhconsidered.hh
hh

TruehhhhFalseh
hh

20.hFuturehbusinesshownershneedhtohunderstandhhowhtheirhownhversionhofhrationalityhaffect
shtheirh
decisionhmaking.hh
hh

TruehhhhFalseh
hh

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21.hThehMyers-Briggshtesthishusedhforhpersonalityhevaluations.hh
hh

TruehhhhFalseh
hh

22.hAhMyers-
Briggshtesthindicateshthehcorrecthwayhthathindividualshshouldhdealhwithhotherhpeoplehandh
theirhenvironments.hh
hh

TruehhhhFalseh
hh

23.hThehphilosophyhofhthehEnneagramhtesthishthathahpersonhishthehresulthofhallhthehexperience
shinhhishorh
herhlife.hh
hh

TruehhhhFalseh
hh

24.hThehBighFivehtesthishcomposedhofhfivehfactorshinhdecision-makinghcriteria.hh
hh

TruehhhhFalseh
hh

25.hStartinghahnewhbusinesshcouldhresulthfromhahparticularheventhorhconditionhwithinhanhindi
vidual'sh
environment.hh
hh

TruehhhhFalseh
hh

26.hHavinghveryhlittlehtohlosehfinanciallyhbyhahfailurehcouldhbehahtriggerhforhahnewhbusiness.hh

, hh

TruehhhhFalseh
hh

27.hTwohtriggershforhstartinghahnewhbusinessharehpersonalhmotivatorshandhcircumstancehmot
ivators.hh
hh

TruehhhhFalseh
hh

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28.hSmallhbusinesshownershwhoharehdrivenhbyhcircumstancehmotivatorsharehmorehproactiveh
andh
persistenthtowardhtheirhgoal.hh
hh

TruehhhhFalseh
hh

29.hThereharehformalhruleshthathmusthbehfollowedhinhsettinghuphthehglasshceilinghinhanhorgani
zation.hh
hh

TruehhhhFalseh
hh

30.hFamilyhmembersharehinhanhuniquehpositionhtohkeephanhindividualhfocusedhonhpursuinghth
ehwrongh
approachhtohanhissue.hh
hh

TruehhhhFalseh
hh

31.hThehreasonhahbusinesshishcalledhahfamilyhbusinesshishthaththehowner'shfamilyhplayshahcritic
alhrolehinhtheh
successhofhthehbusiness.hh
hh

TruehhhhFalseh
hh

32.hOnehofhthehnegativehaspectshtohbeinghthehownerhofhahfamilyhbusinesshhashtohdohwithhfirin
ghahfamilyh
member.hh
hh

TruehhhhFalseh
hh

33.hEstablishedhbusinesseshmayhbehhesitanthabouthbuyinghfromhahstart-uphsmallhbusiness.hh
hh

TruehhhhFalseh
hh

34.hAhcommunityhcouldhhavehanhincubator,hwhichhishahfacilityhthathhouseshnewhbusinesseshan
dhprovidesh
manyhcriticalhserviceshforhthem.hh
hh