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