Chapter 2

The "dark side" of entrepreneurship refers to?

A destructive force within the energetic drive of entrepreneurs.

Entrepreneurial persistence is related to?

Avoiding counter influences to entrepreneurship

Which of the following kinds of thinking can lead to unethical behavior in a business context?

Bottom line.

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

Broadest

Areas of risk to the entrepreneurs inched?

Career, Family, and psychological

In science,________ refers to mental processes.

Cognition

Entrepreneurs with a drive to achieve want to?

Compete

A code of _________ is a statement of ethical practices or guidelines to which an enterprise adheres.

Conduct

When outcomes meet or exceed expectations___________ is positively reinforced.

Entrepreneurial motivation

Which of the following statements is false?

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

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

Entrepreneurs want to belittle their competition.

T/F A loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions.

False

T/F An ethical concern has arisen because companies like Amazon and Yelp use customer reviews to deliberately manipulate consumers' perceptions of products or services.

False

T/F Collective creativity emerges strictly from the efforts of the founder who directs personnel to produce unique goods and services.

False

T/F Entrepreneurs do not need tore sight.

False

T/F Entrepreneurship presents psychological risks, but not physical risks.

False

T/F Ethics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations.

False

T/F Institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic ob jectives of the venture.

False

T/F The entrepreneur's internal locus of control means that the typical strong desire for control over the venture rarely becomes a corruptive force.

False

T/F The metacognitive model of entrepreneurship fails to consider the entrepreneurial mind-set that integrates the combined effects of entrepreneurial motivation.

False

T/F Today's entrepreneurs are faced with few ethical decisions because the legal system imposes greater penalties on wrongdoers.

False

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

Family requirements

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

Frustration

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.

A decision to sell pharmaceuticals that have been cleared with the Federal dry Administration is an example of a(n)________ and________ decision.

Illegal; unethical

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

Team building

Involves including qualified people in the venture.

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

Lack of motivational drive

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) __________ and ___________ decision.

Legal; unethical

Which of the following statements is false?

Management skills are not important characteristics for entrepreneurs to possess.

The Greek word ethos means?

Mode of conduct

Stress can be dealt with by?

Networking

Which of the following characteristics that propel into success can be exhibited to the "extreme"?

Overbearing need for control

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

Psychic risk

In the Monroy-Folger model of risk typology, profit-seeking activity is associated with a _________ desire to ___________.

Strong; maximize profit

One trait not common in entrepreneurs is being

Structured

Which of the following statements about team building is true?

The entrepreneur needs a competent team to implement an idea.

The decision to behave entrepreneurally is the result of the interaction of?

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

Which of the following statements about entrepreneurs is false?

They do net use failure as a tool for learning.

Which of the following is not a trait of a successful entrepreneur?

Trouble fitting in

T/F A code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres.

True

T/F A good trait for an entrepreneur is to be a calculated risk taker.

True

T/F Each and every person has the potential and free choice to pursue a career as an entrepreneur 0

True

T/F Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team.

True

T/F 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

T/F Entrepreneurs often display unrealistic optimism.

True

T/F Entrepreneurs typically have enough confidence to believe that they can make a difference in the final outcome of their ventures.

True

T/F Ethics provides the basic rules or parameters for conducting any activity in an "acceptable" manner.

True

T/F In past generations, people dreamed of prestige and perks associated with executive suites of major corporations, but the millennial generation believes that career success requires them to be more nimble, independent, and entrepreneurial.

True

T/F Inexperience and incompetent management are the main reasons for failure.

True

T/F Morals and law are not synonymous but may be vielved as two circles that are partially superimposed upon each other.

True

T/F Most successful entrepreneurs have failed at one time or another.

True

T/F One of the most important reasons firms want to adhere to a high moral code is that doing so protects the free enterprise system and is good business.

True

T/F Problems can arise when people believe that laws represent morality.

True

T/F Role distortion deals with morally questionable acts that are committed "for the firm".

True

T/F Some of the most common entrepreneurial goals are independence, wealth, and work satisfaction.

True

T/F Stress on the entrepreneur can be caused both internally and by other people.

True

T/F The need to achieve can be a source of stress for entrepreneurs

True

T/F There are many risks in entrepreneurship.

True