ENTR Chapter 2

47. Characteristics often attributed to the entrepreneur include:

Commitment, determination, and perseverance

61. Which of the following statements is false?

Management skills are not important characteristics for entrepreneurs to possess.

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

Overbearing need for control

65. One trait not common in entrepreneurs is

being structured.

82. When outcomes meet or exceed expectations, _____________________ is positively reinforced.

entrepreneurial behavior

63. 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

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

internal locus of control.

51. With persistent problem solving, entrepreneurs

think anything is possible.

53. For entrepreneurs, vision describes

where the entrepreneur wants to go.

59. Which of the following statements is false?

Entrepreneurs are born with the skills necessary to manage a business.

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

The entrepreneur needs a competent team to implement an idea.

56. Which of the following is a false statement about entrepreneurs?

They do not use failure as a tool for learning.

80. The "dark side" of entrepreneurship refers to

a destructive force within the energetic drive of entrepreneurs.

83. Entrepreneurial persistence is related to

avoiding counter influences to entrepreneurship.

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

bottom line

78. Which of the following is not an aspect of the "dark side" of entrepreneurship?

bouts of euphoria

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

broadest

67. Areas of risk to the entrepreneur include

career, family, psychic.

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

code of ethics

46. In science, ____________ refers to mental processes.

cognition

49. Entrepreneurs with a drive to achieve want to

compete

52. One could correlate with a high energy level.

creativity

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

entrepreneurs want to belittle their competition

68. With psychic risk you fear

failure.

74. Which of the following is not a source of stress according to researchers Boyd and Gumpert?

family requirements

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

frustration

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

greater the risk.

76. Entrepreneurial stress can be caused by having a Type A personality, which can be defined as

having a chronic sense of time urgency.

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

ignoring coping mechanisms

85. 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.

54. Team building

involves including qualified people in the venture.

57. One characteristic not found in high achievers is

lack of desire to push ahead.

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

lack of motivational drive

86. 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.

84. The Greek word ethos means

mode of conduct.

73. Stress can be dealt with by:

networking.

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

potential; free choice

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

psychic risk

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

strong desire to maximize profit

77. The entrepreneurial ego can cause the entrepreneur to

take characteristics that usually lead to success to the extreme.

79. When an entrepreneur becomes an external optimist, what does that mean?

the allowance of others to believe in them during rough periods.

72. Generally, entrepreneurial stress is due to

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

81. The decision to behave entrepreneurially is the result of the interaction of

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

55. A clear pattern among successful entrepreneurs is

their focus on opportunity rather than resources.

48. Which is not a trait of a successful entrepreneur?

trouble fitting in