entr 321 chap 1-8 t/f

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"great chef" strategies focus on unique markets

false

Entrepreneurs always start their business at a young age

false

Entrepreneurs are born not made

false

Entrepreneurs are doers not thinkers

false

Entrepreneurs are not heroes in today's marketplace.

false

Entrepreneurs must fit the "profile"

false

a loss orientation toward grief recovery in dealing with failure can sometimes lessen negative emotional reactions

false

according to the model of entrepreneurship motivation, the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm

false

characteristics of Entrepreneurs can neither be taught nor learned

false

commitment, determination, perseverance are the only characteristics one needs to become successful entrepreneur

false

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

false

entrepreneurs are pessimists who see the cup half empty, rather than half full

false

entrepreneurs do not need foresight

false

entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do

false

ethnics represents a set of principles prescribing a behavioral code that does not include moral duty and obligations

false

ethos means morality

false

gazelles produce Half the innovations per employee that larger firms typically do

false

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

false

in the environmental school of thought, legal issues surrounding the natural environment are primary

false

institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture

false

large firms, as opposed to Entrepreneurs, are the aggressive catalyst for change in the world of business

false

most Entrepreneurs are inventors

false

non-role acts are those acts against a firm in which the person fails to perform his or her managerial role

false

one of every 1000 adults participates in the founding of a new firm every year

false

selfishness and a need for power are two characteristics common in entrepreneurs

false

successful entrepreneurs fear failure the same way all people do

false

the "corridor principle" states that Entrepreneurs often get stuck on one idea

false

the "dark side" of entrepreneurship refers to the stress that entrepreneur's experience

false

the Entrepreneurial spirit is unique to America and Western Europe

false

the financial/capital entrepreneurial school of thought focuses on the potential profit of the business idea

false

the four major dimensions considered in the dynamic states approach are the individual, the environment, the organization, and the process

false

the metacognitive model of entrepreneurship fails to consider entrepreneurial motivation

false

the word Entrepreneur is derived from the Spanish word entreprendre meaning to undertakes

false

todays entrepreneurs are faced with few ethical decisions because the legal system imposes greater penalties on wrongdoers

false

Entrepreneurs are high risk takers

flase

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

true

Entrepreneurs are aggressive catalysts for change within the marketplace.

true

Entrepreneurs are often known as calculated risk takers, as opposed to "gamblers"

true

Entrepreneurs are often very methodical people who plan their moves very carefully

true

Entrepreneurs are the major source of innovation and job creation in any economy.

true

Entrepreneurs are the major source of innovation and job creation in the economy

true

Entrepreneurship in more than the mere creation of a business

true

Entrepreneurship involves an interdisciplinary approach

true

a "gazelle" is a business establishment with at least 20% sales growth every year for five years

true

a code of conduct is a statement of ethical practices or guidelines to which an enterprise adheres

true

a good trait for an entrepreneur is to be a calculated risk taker

true

according to Robert C. Ronstadt, Entrepreneurship is the process of creating incremental wealth

true

an Entrepreneur needs neither a lot of money nor luck

true

an entrepreneur can never be certain what actual ethical consequences a decision will have

true

creativity was once regarded as an exclusively inherited trait

true

during the past ten years, new business incorporations averaged nearly 600,000 per year

true

entrepreneurial cognition is, in part, about understanding how entrepreneurs use simplifying mental models to make assessments, judgements, and decisions about opportunities

true

entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team

true

entrepreneurs are often unrealistically optimistic

true

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

entrepreneurs typically have enough confidence to believe that they can make a difference in final outcome of their ventures

true

entrepreneurs usually have an internal locus of control

true

ethnics provides the basic rules or parameters for conducting any activity in an "acceptable" manner

true

firms need to be public about their ethical values and expectations

true

gazelles do not always get venture capital funding

true

gazelles produced 5 million jobs despite the continual downsizing in major corporations over the last decade

true

inexperience and incompetent management are the main reasons for failure

true

morals and law are not synonymous but may be viewed as two circles that are partially superimposed upon each other

true

most successful entrepreneurs have failed at one time or another

true

new and smaller firms are responsible for 95% of all radical innovations

true

new and smaller firms obtain more patents per sale than do larger firms

true

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

true

political, cultural, and economic displacement are all part of the displacement school of Entrepreneurial thought

true

prepare Entrepreneurs who seize opportunities when they arise often appear to be lucky

true

problems can arise when people believe that laws represent morality

true

recognition of Entrepreneur dates back to the French economist Richard Cantillon

true

role distortion deals with morally questionable acts that are committed "for the firm"

true

some of the most common entrepreneurial goals are independence, wealth, and work satisfaction

true

stress on the entrepreneur can be caused both internally and by other people

true

the displacement school of thought focuses on the negative side of group phenomena

true

the entrepreneur is driven by a strong desire for control over their venture

true

the generation of the 21st century may become known as generation E because it is becoming the most entrepreneurial generation since the industrial revolution

true

the greek thinker, Chilon, felt that a merchant does better to take a loss than to make a dishonest profit

true

the macro view of Entrepreneurship includes external processes that are sometimes beyond the control of the Entrepreneur

true

the need to achieve can be a source of stress for entrepreneurs

true

the strategic formulation school of thought emphasizes the planning process is successful venture development

true

there are many risks in entrepreneurship

true

there is a certain psychic risk involved with entrepreneurship

true

there is no single definition for Entrepreneur

true

three characteristics of an entrepreneur are personal initiative, management skills, and a desire for autonomy

true


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