Entrepreneurship Semester Exam
Secretly working on new ideas on company and personal time is known as
Bootlegging
entrepreneur with a drive to achieve want to
Compete
One could correlate _____ with a high energy level
creativity
One trait not common in entrepreneurs is
entrepreneurs need structure
The study of entrepreneurship is
interdisciplinary
Water well strategies refer to
unique resources
Generally, entrepreneurial stress is due to
the discrepancy between the entrepreneur's expectations and the ability to meet demands.
Entrepreneurs always know that they as individuals must remain less important that the venture
False
When outcomes meet or exceed expectations, ________ is positively reinforced
Entrepreneurial behavior
Corporate entrepreneurs should be restricted to te resources of their own divisions of the corporation
False
Entrepreneurs are high risk takers
False
Few firms today realize the need for corporate entrepreneurship
False
Immersion in business can be cured by limiting the work to an eight hour day
False
Importing, in essence, is buying and shipping domestically produced goods for foreign consumption
False
Truly creative people are always geniuses
False
social responsibility consists of those obligations that society has to businesses
False
Areas of risk to the entrepreneur include
career, family, psychic
Which of the following helps account for the rise of interest in corporate entrepreneurship?
An increase in corporations losing some of their best people.
Corporate entrepreneurial activity takes place _______ the firm
Inside
What characteristic(s) that propel entrepreneurs into success can be exhibited to the "extreme"?
Overbearing need for control
One reason why corporate entrepreneurship has done so well is that it allows organizations to
Tap the innovative talents of their people
The entrepreneur is driven by a strong desire of control over the venture
True
The three Ps of the triple bottom line are people, planet, and profits
True
There is a certain psychic risk involved with entrepreneurship
True
Entrepreneurial characteristics include
a strong drive to succeed