Chapter 01 .
Entrepreneurship and the Entrepreneurial Mind-Set
. . . .
.
..
True./.False.Questions
.
1..(p..4).Ewing.Kauffman.took.a.risk.when.he.started.his.company.Marion.Labs.in.1950..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
2..(p..5).How.Ewing.Kauffman.ran.his.business.illustrates.corporate.entrepreneurship..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
3..(p..6).Entrepreneurial.opportunities.are.those.situations.in.which.new.goods,.services,.raw.materia
ls.and.organizing.methods.can.be.sold.at.greater.than.their.production.cost..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
4..(p..6).Entrepreneurial.action.can.be.defined.as.those.situations.in.which.new.goods,.services,.raw.
materials.and.organizing.methods.can.be.sold.at.greater.than.their.production.cost..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
1-1
Copyright.©.2016.McGraw-Hill.Education..All.rights.reserved..No.reproduction.or.distribution.without.the.prior.written.consent.of.McGraw-
Hill.Education.
,Chapter.01.-.Entrepreneurship.and.the.Entrepreneurial.Mind-Set
.
5..(p..6).The.McMullen-
Shepherd.Model.helps.identify.the.common.traits.of.successful.entrepreneurs..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Easy
.
6..(p..6).The.McMullen-
Shepherd.Model.explains.how.knowledge.and.motivation.influence.two.stages.of.entrepreneurial.
action..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
7..(p..6).In.the.McMullen-
Shepherd.Model.first.person.opportunity.beliefs.come.before.third.person.opportunity.beliefs..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Hard
.
8..(p..6).In.the.McMullen-Shepherd.Model.the.first.stage.is.the.evaluation.stage..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
9..(p..7).Superficial.similarities.exist.when.the.underlying.mechanisms.of.the.technology.resemble,.o
r.match,.the.underlying.mechanisms.of.the.market..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
1-2
Copyright.©.2016.McGraw-Hill.Education..All.rights.reserved..No.reproduction.or.distribution.without.the.prior.written.consent.of.McGraw-
Hill.Education.
,Chapter.01.-.Entrepreneurship.and.the.Entrepreneurial.Mind-Set
.
10..(p..7).Structural.similarities.exist.when.the.underlying.mechanisms.of.the.technology.resemble,.o
r.match,.the.underlying.mechanisms.of.the.market..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
11..(p..8).Bricolage.is.entrepreneurs.making.do.by.applying.combinations.of.the.resources.at.hand.to.
new.problems.and.opportunities..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
12..(p..9).The.effectuation.process.starts.with.what.one.has.and.selects.among.possible.outcomes..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
13..(p..9).Is.the.example."Curry.in.a.Hurry".is.an.example.of.the.effectuation.process?.
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Easy
.
14..(p..9).The.casual.process.of.thinking.starts.with.what.one.has.and.selects.among.possible.outcome
s..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
1-3
Copyright.©.2016.McGraw-Hill.Education..All.rights.reserved..No.reproduction.or.distribution.without.the.prior.written.consent.of.McGraw-
Hill.Education.
, Chapter.01.-.Entrepreneurship.and.the.Entrepreneurial.Mind-Set
.
15..(p..10).Demographics,.ethnic.origin,.and.marital.status.are.examples.of.segmentation.variables..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Easy
.
16..(p..16).The.question."What.is.this.technology.all.about?".is.a.comprehension.question..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Easy
.
17..(p..16).Comprehension.questions.are.designed.to.stimulate.entrepreneurs.to.think.about.their.own
.understanding..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
18..(p..16).Asking."How.is.this.problem.similar.to.problems.I've.already.solved"?.is.an.example.of.a.c
onnection.task..
TRUE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
.
19..(p..16).A.reflection.task.would.involve.thinking.about.what.strategies.should.be.used.to.solve.a.pro
blem..
FALSE
.
Accessibility:.Keyboard.Navigation
Difficulty:.Medium
1-4
Copyright.©.2016.McGraw-Hill.Education..All.rights.reserved..No.reproduction.or.distribution.without.the.prior.written.consent.of.McGraw-
Hill.Education.