CH 2,4 TF

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"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


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