Created mBy:mAmSolutio
n
Test Bank for Entrepreneurship successfully launching new
m m m m m m m
ventures 5th edition by bruce r barringer test bank A+
m m m m m m m m m
Chapterm1mIntroductionmtomEntrepreneurship
1) PuremFixmCycles,mthemcompanymprofiled minmthemopeningmfeaturemof mChapterm1,mwasmlaunch
ed mbymfourmco-foundersmand msellsm.
A) fixed mgear,msinglemspeed mbikes
B) entrymlevelmbikesmthat msellminmthem$100mpricemrange
C) bikesmthemaremdurablemenoughmthat mtheymalmost mnevermneed mtombemfixed
D) highmqualitymbikesmthat msellminmthem$1,000+mpricemrange
E) multiplemgear,mmultiplemspeed mbikesmAnswer:m
AmDiff:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
2) Whichmof mthemfollowingmismanmaccuratemcharacterizationmof minterest minmentrepreneurship?
A) Theremismminimalminterest minm entrepreneurshipmacrossmthemworld.
B) Theremismminimalminterest minmentrepreneurshipminmNorthmAmericamand mEurope,mb
ut msignificant minterest minmAsiamand mAustralia.
C) Theremismsignificant minterest minmentrepreneurshipminmNorthmAmericamand mEurope,mb
ut mminimalminterest minmAsiamand mAustralia.
D) Whileminterest minmentrepreneurshipmwasmoncemhigh,mit mismwaningminmpopularitymacrossmt
hemworld.
E) Theremismtremendousminterest minmentrepreneurshipmacrossmthemworld.mAnswer:m
EmDiff:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mApplicationmof mKnowledge
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3) AccordingmtomthemGlobalmEntrepreneurshipmMonitorm(GEM)m2013msurvey,mabout
percent mof madultsminmthemUnited mStatesmaremeithermstartingmambusinessmormaremrunningmambusinessmth
at mhasmbeenminmexistencemformlessmthanm3m1/2myears.
A) 3.8
B) 5.5
C) 7.6
D) 9.0
E) 12.7
Answer:mE
Diff:m3m PagemRef:m5
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mApplicationmof mKnowledge
4) AccordingmtomthemGlobalmEntrepreneurshipmMonitorm(GEM)m2013mstudy,mthemmajoritym
of mpeopleminmhigh-incomemcountriesmaremdrawnmtomentrepreneurship .
A) tomtakemadvantagemof manmattractivemopportunity
B) duemtomlackmof mcareermprospects
C) asmamresult mof mgovernment mincentives
D) becausemanmimportant mrolemmodelmwasmanmentrepreneur
E) tomgainmprestigemAnswer:m
AmDiff:m2mPagemRef:m5
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
5) Whichmof mthemfollowingmstatementsmregardingmsurvivalmratesmof mentrepreneurialmfirmsminmt
hemUnited mStatesmismcorrect?
A) Asmhighmasm50mpercent maftermfourmyears
B) Asmhighmasm60mpercent maftermfourmyears
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C) Asmhighmasm70mpercent maftermfourmyears
D) Asmhighmasm80mpercent maftermfourmyears
E) Asmhighmasm90mpercent maftermfourmyearsmAnswer:m
AmDiff:m2mPagemRef:m6
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
6) CodymRodgersmismthemfoundermof mamcompanymnamed mExtrememSportsmApparel.mThemcompa
nymmakesmapparelmproductsmformextrememsportsmenthusiastsmsuchmasmrockmclimbers,mtriathletes,mska
teboarders,mand mBMX mbikers.mCodymwantsmhismcompanymtompursuemamhighmlevelmof mcorporatementr
epreneurship.mTomachievemthat mgoal,mCody'smfirmmshould mbe .
A) innovative,mriskmaverse,mand mtakemam"wait mand msee"mposture
B) takingmam"wait mand msee"mposture,minnovative,mand mriskmtaking
C) proactive,mnot minnovative,mand mriskmtaking
D) takingmam"wait mand msee"mposture,mnot minnovative,mand mriskmaverse
E) proactive,minnovative,mand mriskmtakingmAnswer:m
EmDiff:m2mPagemRef:m6
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mAnalyticalmThinking
7) Googlemismamfirmmthat mismproactive,minnovativemand mrisk-
taking.mFrommthismdescription,mwemcanmmost maccuratelymconcludemthat mGooglemhasmamhighmlevel
of
m .
A) enterprisemfocus
B) innovativemintensity
C) entrepreneurialmintensity
D) creativemintensity
E) innovativemconcentrationmAnswer:m
CmDiff:m2mPagemRef:m7
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LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
8) Applemismanmestablished mfirmmthat mencouragesmand memphasizesmentrepreneurialmbehavi
ormthroughout mitsmvariousmdivisions.mAccordingmtomthemtextbook,mApplempracticesm entrepreneu
rship.
A) tactical
B) corporate
C) strategic
D) business
E) enterprisemAnswer:m
BmDiff:m2mPagemRef:m7
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
9) AccordingmtomthemopeningmfeaturemonmPuremFixmCycles,monemof mthembiggest mchallengesmt
hemstartupmnow mfacesmismanmincreasinglymcompetitivemmarketplace.
Answer:mTRUEmDif
f:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
10) Accordingmtomthemresultsmof mthemGEMm2013msurvey,mabout m1mout mof meverym8mAmericanmad
ultsmismactivelymengaged minmstartingmambusinessmormismthemowner/managermof mambusinessmthat mismles
smthanm3m1/2myearsmold.
Answer:mTRUEmDif
f:m2mPagemRef:m5
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Test Bank for Entrepreneurship successfully launching new
m m m m m m m
ventures 5th edition by bruce r barringer test bank A+
m m m m m m m m m
Chapterm1mIntroductionmtomEntrepreneurship
1) PuremFixmCycles,mthemcompanymprofiled minmthemopeningmfeaturemof mChapterm1,mwasmlaunch
ed mbymfourmco-foundersmand msellsm.
A) fixed mgear,msinglemspeed mbikes
B) entrymlevelmbikesmthat msellminmthem$100mpricemrange
C) bikesmthemaremdurablemenoughmthat mtheymalmost mnevermneed mtombemfixed
D) highmqualitymbikesmthat msellminmthem$1,000+mpricemrange
E) multiplemgear,mmultiplemspeed mbikesmAnswer:m
AmDiff:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
2) Whichmof mthemfollowingmismanmaccuratemcharacterizationmof minterest minmentrepreneurship?
A) Theremismminimalminterest minm entrepreneurshipmacrossmthemworld.
B) Theremismminimalminterest minmentrepreneurshipminmNorthmAmericamand mEurope,mb
ut msignificant minterest minmAsiamand mAustralia.
C) Theremismsignificant minterest minmentrepreneurshipminmNorthmAmericamand mEurope,mb
ut mminimalminterest minmAsiamand mAustralia.
D) Whileminterest minmentrepreneurshipmwasmoncemhigh,mit mismwaningminmpopularitymacrossmt
hemworld.
E) Theremismtremendousminterest minmentrepreneurshipmacrossmthemworld.mAnswer:m
EmDiff:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mApplicationmof mKnowledge
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3) AccordingmtomthemGlobalmEntrepreneurshipmMonitorm(GEM)m2013msurvey,mabout
percent mof madultsminmthemUnited mStatesmaremeithermstartingmambusinessmormaremrunningmambusinessmth
at mhasmbeenminmexistencemformlessmthanm3m1/2myears.
A) 3.8
B) 5.5
C) 7.6
D) 9.0
E) 12.7
Answer:mE
Diff:m3m PagemRef:m5
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mApplicationmof mKnowledge
4) AccordingmtomthemGlobalmEntrepreneurshipmMonitorm(GEM)m2013mstudy,mthemmajoritym
of mpeopleminmhigh-incomemcountriesmaremdrawnmtomentrepreneurship .
A) tomtakemadvantagemof manmattractivemopportunity
B) duemtomlackmof mcareermprospects
C) asmamresult mof mgovernment mincentives
D) becausemanmimportant mrolemmodelmwasmanmentrepreneur
E) tomgainmprestigemAnswer:m
AmDiff:m2mPagemRef:m5
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
5) Whichmof mthemfollowingmstatementsmregardingmsurvivalmratesmof mentrepreneurialmfirmsminmt
hemUnited mStatesmismcorrect?
A) Asmhighmasm50mpercent maftermfourmyears
B) Asmhighmasm60mpercent maftermfourmyears
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C) Asmhighmasm70mpercent maftermfourmyears
D) Asmhighmasm80mpercent maftermfourmyears
E) Asmhighmasm90mpercent maftermfourmyearsmAnswer:m
AmDiff:m2mPagemRef:m6
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
6) CodymRodgersmismthemfoundermof mamcompanymnamed mExtrememSportsmApparel.mThemcompa
nymmakesmapparelmproductsmformextrememsportsmenthusiastsmsuchmasmrockmclimbers,mtriathletes,mska
teboarders,mand mBMX mbikers.mCodymwantsmhismcompanymtompursuemamhighmlevelmof mcorporatementr
epreneurship.mTomachievemthat mgoal,mCody'smfirmmshould mbe .
A) innovative,mriskmaverse,mand mtakemam"wait mand msee"mposture
B) takingmam"wait mand msee"mposture,minnovative,mand mriskmtaking
C) proactive,mnot minnovative,mand mriskmtaking
D) takingmam"wait mand msee"mposture,mnot minnovative,mand mriskmaverse
E) proactive,minnovative,mand mriskmtakingmAnswer:m
EmDiff:m2mPagemRef:m6
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mAnalyticalmThinking
7) Googlemismamfirmmthat mismproactive,minnovativemand mrisk-
taking.mFrommthismdescription,mwemcanmmost maccuratelymconcludemthat mGooglemhasmamhighmlevel
of
m .
A) enterprisemfocus
B) innovativemintensity
C) entrepreneurialmintensity
D) creativemintensity
E) innovativemconcentrationmAnswer:m
CmDiff:m2mPagemRef:m7
A+ Pagem3
, Created mBy:mAmSolutio
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LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
8) Applemismanmestablished mfirmmthat mencouragesmand memphasizesmentrepreneurialmbehavi
ormthroughout mitsmvariousmdivisions.mAccordingmtomthemtextbook,mApplempracticesm entrepreneu
rship.
A) tactical
B) corporate
C) strategic
D) business
E) enterprisemAnswer:m
BmDiff:m2mPagemRef:m7
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
9) AccordingmtomthemopeningmfeaturemonmPuremFixmCycles,monemof mthembiggest mchallengesmt
hemstartupmnow mfacesmismanmincreasinglymcompetitivemmarketplace.
Answer:mTRUEmDif
f:m1mPagemRef:m3
LO:m1.1:mDescribementrepreneurship,mcorporatementrepreneurship,mand mthemcharacteristicsmof mentre
preneurialmfirms.
AACSB:mReflectivemThinking
10) Accordingmtomthemresultsmof mthemGEMm2013msurvey,mabout m1mout mof meverym8mAmericanmad
ultsmismactivelymengaged minmstartingmambusinessmormismthemowner/managermof mambusinessmthat mismles
smthanm3m1/2myearsmold.
Answer:mTRUEmDif
f:m2mPagemRef:m5
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