CH 2,4 TF
"Ethos" means morality.
F
A loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions.
F
According to the Model of Entrepreneurship Motivation, the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm.
F
Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur.
F
Entrepreneurs always know that they as individuals must remain less important than the venture.
F
Entrepreneurs are pessimists who see the cup half empty, rather than half full.
F
Entrepreneurs do not need foresight.
F
Entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do.
F
Ethics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations.
F
Immersion in business can be cured by limiting work to an eight hour day.
F
Institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture.
F
Non-role acts are those acts against a firm in which the person fails to perform his or her managerial role.
F
Selfishness and a need for power are two characteristics common in entrepreneurs.
F
Today's entrepreneurs are faced with few ethical decisions because the legal system imposes greater penalties on wrongdoers.
F
A good trait for an entrepreneur is to be a calculated risk taker.
T
Most successful entrepreneurs have failed at one time or another.
T
One of the most important reasons firms want to adhere to a high moral code is that doing so protects free markets and is good business.
T
Problems can arise when people believe that laws represent morality.
T
Role distortion deals with morally questionable acts that are committed "for the firm."
T
Some of the most common entrepreneurial goals are independence, wealth, and work satisfaction.
T
Stress on the entrepreneur can be caused both internally and by other people.
T
The Greek thinker, Chilon, felt that a merchant does better to take a loss than to make a dishonest profit.
T
The entrepreneur is driven by a strong desire for control over their venture.
T
The generation of the twenty-first century may become known as generation E because it is becoming the most entrepreneurial generation since the Industrial Revolution.
T
The need to achieve can be a source of stress for entrepreneurs.
T
There are many risks in entrepreneurship.
T
There is a certain psychic risk involved with entrepreneurship.
T
Successful entrepreneurs fear failure the same way all people do.
F
The "dark side" of entrepreneurship refers to the stress that entrepreneur's experience.
F
The metacognitive model of entrepreneurship fails to consider entrepreneurial motivation.
F
A code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres.
T
An entrepreneur can never be certain what actual ethical consequences a decision will have.
T
Creativity was once regarded as an exclusively inherited trait.
T
Each and every person has the potential and free choice to pursue a career as an entrepreneur.
T
Entrepreneurial cognition is, in part, about understanding how entrepreneurs use simplifying mental models to make assessments, judgments, and decisions about opportunities.
T
Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team.
T
Entrepreneurs are often unrealistically optimistic.
T
Entrepreneurs like to remain alert to competition, customers, and government regulations, but this continual scanning of the environment can lead to a negative sense of distrust.
T
Entrepreneurs typically have enough confidence to believe that they can make a difference in the final outcome of their ventures.
T
Entrepreneurs usually have an internal locus of control.
T
Ethics provides the basic rules or parameters for conducting any activity in an "acceptable" manner.
T
Firms need to be public about their ethical values and expectations.
T
Inexperience and incompetent management are the main reasons for failure.
T
Morals and law are not synonymous but may be viewed as two circles that are partially superimposed upon each other.
T