Entrepreneurship Semester Exam

Secretly working on new ideas on company and personal time is known as

Bootlegging

entrepreneur with a drive to achieve want to

Compete

One could correlate _____ with a high energy level

creativity

One trait not common in entrepreneurs is

entrepreneurs need structure

The study of entrepreneurship is

interdisciplinary

Water well strategies refer to

unique resources

Generally, entrepreneurial stress is due to

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

Entrepreneurs always know that they as individuals must remain less important that the venture

False

When outcomes meet or exceed expectations, ________ is positively reinforced

Entrepreneurial behavior

Corporate entrepreneurs should be restricted to te resources of their own divisions of the corporation

False

Entrepreneurs are high risk takers

False

Few firms today realize the need for corporate entrepreneurship

False

Immersion in business can be cured by limiting the work to an eight hour day

False

Importing, in essence, is buying and shipping domestically produced goods for foreign consumption

False

Truly creative people are always geniuses

False

social responsibility consists of those obligations that society has to businesses

False

Areas of risk to the entrepreneur include

career, family, psychic

Which of the following helps account for the rise of interest in corporate entrepreneurship?

An increase in corporations losing some of their best people.

Corporate entrepreneurial activity takes place _______ the firm

Inside

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

Overbearing need for control

One reason why corporate entrepreneurship has done so well is that it allows organizations to

Tap the innovative talents of their people

The entrepreneur is driven by a strong desire of control over the venture

True

The three Ps of the triple bottom line are people, planet, and profits

True

There is a certain psychic risk involved with entrepreneurship

True

Entrepreneurial characteristics include

a strong drive to succeed