entr 321 chap 1-8 t/f
"great chef" strategies focus on unique markets
false
Entrepreneurs always start their business at a young age
false
Entrepreneurs are born not made
false
Entrepreneurs are doers not thinkers
false
Entrepreneurs are not heroes in today's marketplace.
false
Entrepreneurs must fit the "profile"
false
a loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions
false
according to the model of entrepreneurship motivation, the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm
false
characteristics of Entrepreneurs can neither be taught nor learned
false
commitment, determination, perseverance are the only characteristics one needs to become successful entrepreneur
false
entrepreneurs always know that they as individuals must remain less important than the venture
false
entrepreneurs are pessimists who see the cup half empty, rather than half full
false
entrepreneurs do not need foresight
false
entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do
false
ethnics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations
false
ethos means morality
false
gazelles produce Half the innovations per employee that larger firms typically do
false
immersion in business can be cured by limiting work to an eight hour day
false
in the environmental school of thought, legal issues surrounding the natural environment are primary
false
institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture
false
large firms, as opposed to Entrepreneurs, are the aggressive catalyst for change in the world of business
false
most Entrepreneurs are inventors
false
non-role acts are those acts against a firm in which the person fails to perform his or her managerial role
false
one of every 1000 adults participates in the founding of a new firm every year
false
selfishness and a need for power are two characteristics common in entrepreneurs
false
successful entrepreneurs fear failure the same way all people do
false
the "corridor principle" states that Entrepreneurs often get stuck on one idea
false
the "dark side" of entrepreneurship refers to the stress that entrepreneur's experience
false
the Entrepreneurial spirit is unique to America and Western Europe
false
the financial/capital entrepreneurial school of thought focuses on the potential profit of the business idea
false
the four major dimensions considered in the dynamic states approach are the individual, the environment, the organization, and the process
false
the metacognitive model of entrepreneurship fails to consider entrepreneurial motivation
false
the word Entrepreneur is derived from the Spanish word entreprendre meaning to undertakes
false
todays entrepreneurs are faced with few ethical decisions because the legal system imposes greater penalties on wrongdoers
false
Entrepreneurs are high risk takers
flase
Each and every person has the potential and free choice to pursue a career as an entrepreneur
true
Entrepreneurs are aggressive catalysts for change within the marketplace.
true
Entrepreneurs are often known as calculated risk takers, as opposed to "gamblers"
true
Entrepreneurs are often very methodical people who plan their moves very carefully
true
Entrepreneurs are the major source of innovation and job creation in any economy.
true
Entrepreneurs are the major source of innovation and job creation in the economy
true
Entrepreneurship in more than the mere creation of a business
true
Entrepreneurship involves an interdisciplinary approach
true
a "gazelle" is a business establishment with at least 20% sales growth every year for five years
true
a code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres
true
a good trait for an entrepreneur is to be a calculated risk taker
true
according to Robert C. Ronstadt, Entrepreneurship is the process of creating incremental wealth
true
an Entrepreneur needs neither a lot of money nor luck
true
an entrepreneur can never be certain what actual ethical consequences a decision will have
true
creativity was once regarded as an exclusively inherited trait
true
during the past ten years, new business incorporations averaged nearly 600,000 per year
true
entrepreneurial cognition is, in part, about understanding how entrepreneurs use simplifying mental models to make assessments, judgements, and decisions about opportunities
true
entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team
true
entrepreneurs are often unrealistically optimistic
true
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
true
entrepreneurs typically have enough confidence to believe that they can make a difference in final outcome of their ventures
true
entrepreneurs usually have an internal locus of control
true
ethnics provides the basic rules or parameters for conducting any activity in an "acceptable" manner
true
firms need to be public about their ethical values and expectations
true
gazelles do not always get venture capital funding
true
gazelles produced 5 million jobs despite the continual downsizing in major corporations over the last decade
true
inexperience and incompetent management are the main reasons for failure
true
morals and law are not synonymous but may be viewed as two circles that are partially superimposed upon each other
true
most successful entrepreneurs have failed at one time or another
true
new and smaller firms are responsible for 95% of all radical innovations
true
new and smaller firms obtain more patents per sale than do larger firms
true
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
true
political, cultural, and economic displacement are all part of the displacement school of Entrepreneurial thought
true
prepare Entrepreneurs who seize opportunities when they arise often appear to be lucky
true
problems can arise when people believe that laws represent morality
true
recognition of Entrepreneur dates back to the French economist Richard Cantillon
true
role distortion deals with morally questionable acts that are committed "for the firm"
true
some of the most common entrepreneurial goals are independence, wealth, and work satisfaction
true
stress on the entrepreneur can be caused both internally and by other people
true
the displacement school of thought focuses on the negative side of group phenomena
true
the entrepreneur is driven by a strong desire for control over their venture
true
the generation of the 21st century may become known as generation E because it is becoming the most entrepreneurial generation since the industrial revolution
true
the greek thinker, Chilon, felt that a merchant does better to take a loss than to make a dishonest profit
true
the macro view of Entrepreneurship includes external processes that are sometimes beyond the control of the Entrepreneur
true
the need to achieve can be a source of stress for entrepreneurs
true
the strategic formulation school of thought emphasizes the planning process is successful venture development
true
there are many risks in entrepreneurship
true
there is a certain psychic risk involved with entrepreneurship
true
there is no single definition for Entrepreneur
true
three characteristics of an entrepreneur are personal initiative, management skills, and a desire for autonomy
true
