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| Chapter Quiz
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This activity contains 22 questions.
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Entrepreneurial behavior typically requires all of the following EXCEPT:
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| invention of something new.
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| willingness to take risks.
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| drive.
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| creativity.
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_____ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.
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| Risk tolerance
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| Entrepreneurial intensity
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| Inventiveness
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| Organizational bureaucracy
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What is the most common reason given for why people choose to become entrepreneurs?
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| To make a lot of money.
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| To escape the long hours associated with corporate jobs.
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| To be their own boss.
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| To be able to retire early.
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Some entrepreneurs report that the financial rewards associated with entrepreneurship can be bittersweet if they are accompanied by ________.
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| modest upside potential
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| the thrill of starting a business
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| motivating factors
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| losing control of the firm
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All of the following are characteristics shared by successful entrepreneurs EXCEPT:
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| passion.
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| risk averse.
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| product/customer focus.
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| tenacity despite failure.
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Which of the following is NOT a common myth about entrepreneurs?
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| Everyone has the potential to be an entrepreneur.
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| Entrepreneurs are born, not made.
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| Entrepreneurs are gamblers.
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| Entrepreneurs love the spotlight.
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What do you call small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer?
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| sole proprietorship
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| small business
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| lifestyle firm
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| salary-substitute firm
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_____ of the 26 million businesses in the Unites States are owned by women, minorities, seniors, and young people.
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| A growing number
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| An insignificant portion
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| A declining amount
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| An unknown quantity
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Influence on innovation and job creation best typifies entrepreneurial firms' ________.
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| impact on society
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| economic impact
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| impact on larger firms
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| impact on the environment
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The entrepreneurial process is comprised of each of the following steps EXCEPT:
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| deciding to become an entrepreneur.
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| inventing a new product or process.
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| managing and growing the entrepreneurial firm.
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| moving from an idea to an entrepreneurial firm.
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In the United States, approximately one-third of new firms fail within their first four years.
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| True
False
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Entrepreneur and inventor mean essentially the same thing.
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| True
False
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Entrepreneurship only pertains to starting new businesses, not existing firms.
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| True
False
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The average entrepreneur does NOT make more money than someone with a similar amount of responsibility in a traditional job.
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| True
False
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The number one characteristic shared by successful entrepreneurs is creativity.
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| True
False
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Execution intelligence refers to developing a business model, putting together financial resources, and leading people towards transforming an idea into a business.
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| True
False
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According to research, most entrepreneurs are born, not made.
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| True
False
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Only individuals that thrive on taking big risks have the right personality to be an entrepreneur.
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| True
False
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After winning a medal for diving in the Olympics, Cheryl starts a diving instruction school. This is an example of a lifestyle firm.
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| True
False
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In recent years, the fastest growing areas for women-owned firms have been in cosmetology, fashion merchandising, and hair salons.
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| True
False
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Discus entrepreneurship's importance to the economy and society as a whole:
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| To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.
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What are the steps of the entrepreneurial process?
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| To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.
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What is the first step in the process of corporate entrepreneurship?
The Entrepreneurial Process.
Idea Generation: every new venture begins with an idea. ... .
Opportunity Evaluation: this is the step where you ask the question of whether there is an opportunity worth investing in. ... .
Planning: Once you have decided that an opportunity, you need a plan for how to capitalize on that opportunity..
Do corporate ventures become profitable twice as fast as independent ventures?
Corporate ventures become profitable twice as fast as independent ventures. A. Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly.
Which among the following aspects most affects an entrepreneurs perception of feasibility?
| Which among the following aspects affects an entrepreneur's perception of feasibility? |
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Answer» c. Perceived desirability | |
Which among the following aspects affects an entrepreneur's perception ...mcqmate.com › discussion › which-among-the-following-aspects-affects-a...null
Which of the following is true of corporate venturing?
Which of the following is true of corporate venturing? It is the adding of new businesses or portions of new businesses via equity investments to the corporation.