IDRK

Gazelles have been responsible for which of the following:

55% of innovations

Where did gazelle come from

David Birch

In the evolutionary process of economic growth, _________ plays the crucial and indispensablerole of providing the "social glue" that binds together both high-tech and "Main Street" activities.

Entrepreneurship

A loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions.

F

Ethics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations.

F

Institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture.

F

Successful global start-ups, or entrepreneurial businesses that are "born global," surprisingly often lack internationally experienced management.

F

The financial/capital entrepreneurial school of thought focuses on the potential profit of thebusiness idea.

False

The metacognitive model of entrepreneurship fails to consider entrepreneurial motivation.

False

______________ is the economic basis for all entrepreneurial activity.

Free Enterprise

Which of the following characteristics is most important to an entrepreneur?

Management Skills

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

T

A good trait for an entrepreneur is to be a calculated risk taker.

T

Creativity was once regarded as an exclusively inherited trait.

T

Entrepreneurs are aggressive catalysts for change within the marketplace.

T

Ethics provides the basic rules or parameters for conducting any activity in an "acceptable" manner.

T

Licensing agreements can involve patents, trademarks, and technical know-how.

T

Social entrepreneurs are known to combine resources to exploit opportunities to create social value.

T

Thanks to the North American Free Trade Agreement, each year thousands of smaller enterprises are actively engaged in the international arena.

T

There are three main types of strategic international alliances.

T

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

Unemployment

Areas of risk to the entrepreneur includeSelect one: a. career, family, and psychological. b. psychic, social, and physical. c. financial, product, and market. . family, business, and social.

a. career, family, and psychological.

Which of the following designations is not synonymous with social entrepreneur?Select one: a. social activist b. public entrepreneur c. social innovator d. civic entrepreneur

a. social activist

The displacement school of thought can be divided into which three groups? a. cultural, environmental, and financial b. economic, cultural, and political c. environmental, financial, and economic d. political, cultural, environmental

b. economic, cultural, and political

Which of the following types of risks incorporates fluctuating exchange rates?Select one: a. economic risks b. financial risks c. social risks d. political risks

b. financial risks

An L3C is a new legal form for social enterprises known asSelect one: a. long-term, low-profit, low-liability companies. b. low-profit, limited liability companies. c. limited liability laborers. d. limited liability corporations.

b. low-profit, limited liability companies.

Entrepreneurs themselves perceive the concept of risk in which of the following ways:

calculated risk taking

Which of the following statements best describes a "gazelle?" a. a business with no sales growth b. a business that has acquired numerous firms c. an inventor who turned business person d. a business with at least 20 percent growth every year

d. a business with at least 20 percent growth every year

The first of five steps for entering the international marketplace isSelect one: a. securing adequate financing. b. filing the proper documents. c. preparing a feasibility study. d. conducting research.

d. conducting research.

Emerging opportunities in the international arena are being fueled by a(n) _____ in trade barriers and _____ trading blocs.Select one: a. increase; a decline in b. decrease; a decline in c. increase; the emergence of d. decrease; the emergence of trading blocs

d. decrease; the emergence of trading blocs

The macro view can be broken down into which three areas? a. financial/capital, strategic, and opportunity b. entrepreneurial trait, opportunity, and strategic c. displacement, trait, and financial d. environmental, financial, and displacement

d. environmental, financial, and displacement

All of the following are methods for going international exceptSelect one: a. importing. b. international alliances. c. licensing. d. foreign reclamation.

d. foreign reclamation.

The word entrepreneur is derived from the French entreprendre, which is translated as a. to enter and dare b. to compete c. to apprehend d. to undertake

d. to undertake

The study of entrepreneurship is

interdisciplinary

Entrepreneurs will always be

the major source of job creation and innovation in any economy

Political, cultural, and economic displacement are all part of the displacement school ofentrepreneurial thought.

true