Ch 2

Small business owners face many day-to-day risks. Which statement is most related to risk

Entrepreneurs run th risk of having an incomplete family experience

Which of the following statements is false

Management skills are not important characteristics for entrepreneurs to possess

Entreprenuers with a sense of distrust

scan the environment

Which is not a source of entrepreneurship research

water cooler conversation

For entrepreneurs, vision describes

where the entrepreneur wants to go

_____ was credited with stating, "Individuals are, after all, the energizers of the entrepreneurial process"

Bradley Johnson

Which of the following statements is false

Entrepreneurs are born with the skills necessary to manage a business

Which of the following is a true statement about team building

The entrepreneur needs a competent team to implement an idea

The "dark side" of entrepreneurship refers to

a destructive force within the energetic drive of entrepreneurs

Which of the following is an aspect of the "dark side" of entrepreneurship

a need for control and a sense of distrust

Entrepreneurs

are driven by intense commitment and perseverance

Which source of information about entrepreneurial characteristics is direct observation

biographies and entrepreneurs

Which of the statements below is not a risk faced by entrepreneurs

business risk

Areas of risk to the entrepreneur include

career, family, psychic

Characteristics often attributed to the Entrepreneur include

commitment, determination,and perseverance

Entrepreneurs with a drive to achieve want to

compete

One could correlate _____ with a high energy level

creativity

According to the Model of Entrepreneurial Motivation, when outcomes meet or exceed expectations, the _____ is positively reinforced, and the individual is motivated to continue to behave entrepreneurially

entrepreneurial behavior

When outcomes meet or exceed expectations, _____ is positively reinforced

entrepreneurial behavior

One trait not common in entrepreneurs is

entrepreneurs need structure

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

entrepreneurs want to belittle their competition

With psychic risk you fear

failure

One factor not found in high achievers is

failure to listen to feedback

Which of the following is not a trait of successful entreprenerus

frustration

The best antidote for relieving the stress involved with total immersion in business is

getting away from it all

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

greater the risk

Entrepreneurial stress can be caused by having a type A personality which can be defined as

having a chronic sense of time urgency

Which of the following is not a way to combat stress

ignoring coping mechanisms

According to the text, what is the most ironic type of stress

immersion in business

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

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

internal locus of control

Team building

involves including qualified people in the venture

Sources of information available to entrepreneurs include

journals

Which of the following is not one of the four major traits that characterize the "dark side" of entrepreneurs

knowing when to take a vacation

Which of the following is not a common characteristic of entrepreneurs

lack of motivational drive

The four major causes of entrepreneurial stress are

loneliness, immersion in business, people, need to achieve

Stress can be dealt with by

networking and delegating

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

overbearing need for control

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

potential; free choice

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

psychic risk

Biographies, journals, and periodicals are examples of what research source

publications

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

strong desire to maximize profit

Which of the following is NOT a source of stress

success in business

The entrepreneurial ego can cause the entrepreneur to

take characteristics that usually lead to success to the extreme

Which of the following publications deal with research methodology and are tightly structured

technical and professional journals

Generally, entrpreneurial stress is due to

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

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

the individual's personal entrepreneurial mindset and an opportunity

A clear pattern among successful entrepreneurs is

their focus on opportunity rather than resources

Which of the following is a false statement about entrepreneurs

they do not use failure as a tool for learning

With persistent problem solving, entrepreneurs

think anything is possible

Which is not a trait of successful entrepreneur

trouble fitting in

Which is not a factor in the Model of Entrepreneurial Motivation

winning awards

Which is not a source of information in an entrepreneurial profile

word of mouth