Ch.2

Characteristics often attributed to the entrepreneur include:

Commitment, determination, and perseverance

What characteristic(s) that propel entrepreneurs into success can be exhibited to the "extreme"?

Overbearing need for control

Which of the following is an aspect of the "dark side" of entrepreneurship?

a need for control & a sense of distrust

Which of the following is not a trait of successful entrepreneurs?

frustration

Which of the following is not a way to combat stress?

ignoring coping mechanisms

Team building

involves including qualified people in the venture.

Which of the following is not characteristic of the "dark side" of entrepreneurship?

knowing when to take a vacation

Which of the following is not a common characteristic of entrepreneurs?

lack of motivational drive

A decision to sell toys that pass minimum safety standards but can often result in minor accidents to children is an example of a(n)

legal and unethical decision.

Which of the following may be the greatest risk to the well-being of the entrepreneur?

psychic risk

Which of the following is not a source of stress?

success in business

Which is not a trait of a successful entrepreneur?

trouble fitting in

One trait not common in entrepreneurs is:

entrepreneurs need structure

Which of the following is a true statement about team building?

The entrepreneur needs a competent team to implement an idea.

Which of the following is a false statement about entrepreneurs?

They do not use failure as a tool for learning.

Entrepreneurs

are driven by intense commitment and perseverance.

Entrepreneurial persistence is related to

avoiding counter influences to entrepreneurship

What kind of thinking can lead to unethical behavior in a business context?

bottom line

In the _____ sense, ethics provides the basic rules or parameters for conducting any activity in an "acceptable manner."

broadest

Areas of risk to the entrepreneur include

career, family, psychic

A __________ is a statement of ethical practices or guidelines to which an enterprise adheres.

code of ethics

Entrepreneurs with a drive to achieve want to

compete

One could correlate _____ with a high energy level.

creativity

When outcomes meet or exceed expectations, _____ is positively reinforced.

entrepreneurial behavior

For entrepreneurs, vision describes

where the entrepreneur wants to go

In the Monroy-Folger Model of Risk Typology, profit-seeking activity is associated with:

strong desire to maximize profit

The entrepreneurial ego can cause the entrepreneur to

take characteristics that usually lead to success to the extreme.

With psychic risk you fear

failure

If an entrepreneur believes in himself/herself and that their accomplishments and setbacks are within their own control, they possess a (n) _____.

internal locus of control.

The "dark side" of entrepreneurship refers to

a destructive force within the energetic drive of entrepreneurs.

Which of the following is not associated with an entrepreneur seeking feedback?

entrepreneurs want to belittle their competition

One factor not found in high achievers is

failure to listen to feedback.

In starting or buying a new business, the higher the rewards, the

greater the risk.

Entrepreneurial stress can be caused by having a type A personality which can be defined as

having a chronic sense of time urgency

A decision to sell pharmaceuticals that have not been cleared with the Federal Drug Administration is an example of a(n)

illegal and unethical decision.

When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting

internal locus of control.

The Greek word ethos means

mode of conduct

Stress can be dealt with by:

networking and delegating

Every person has the _____ and _____ to pursue a career as an entrepreneur

potential; free choice

Generally, entrepreneurial stress is due to

the discrepancy between the entrepreneur's expectations and the ability to meet demands

The decision to behave entrepreneurially is the result of the interaction of:

the individual's personal entrepreneurial mind-set and an opportunity

A clear pattern among successful entrepreneurs is

their focus on opportunity rather than resources.

With persistent problem solving, entrepreneurs

think anything is possible.