Deck 2: The Entrepreneurial Mindset in Individuals

Question 1

Determining a person's "entrepreneurial perspective" is an exact science.

Answer 1

False

Question 2

The Academy of Management Review is an example of a journal used in entrepreneurial research.

Answer 2

True

Question 3

Government publications are used in researching small business.

Answer 3

True

Question 4

Good entrepreneurs seek feedback from others.

Question 5

Publications, direct observation, speeches and presentations are all major sources of information that supply data related to the entrepreneurial perspective.

Question 6

There are less than five types of printed research resources available on entrepreneur characteristics.

Question 7

There are four causes of entrepreneurial stress.

Question 8

Lanny Harron and Harry Sapienza stated, "Because motivation plays an important part in the creation of new organizations, theories of organization creation that fail to address this notion are incomplete."

Question 9

Sources of information available to entrepreneurs include

A)journals.
B)moonlighting in another job.
C)casual conversation.
D)attending civic events.

Question 10

Which source of information about entrepreneurial characteristics is direct observation?

A)Biographies and entrepreneurs
B)Empirical research
C)Books about entrepreneurs
D)Television biographies

Question 11

Which is not a source of entrepreneurship research?

A)textbooks
B)biographies
C)conferences
D)water cooler conversation

Question 12

Biographies, journals, and periodicals are examples of what research source?

A)direct observations
B)publications
C)presentations
D)primary research

Question 13

Which of the following publications deal with research methodology and are tightly structured?

A)technical and professional journals
B)textbooks on entrepreneurs
C)news periodicals
D)trade journals

Question 14

Which is not a source of information in an entrepreneurial profile?

A)publications
B)direct observation of practicing entrepreneurs
C)word of mouth
D)speeches and presentations

Question 15

Which of the statements below is not a risk faced by entrepreneurs?

A)financial risk
B)career risk
C)business risk
D)product risk

Question 16

Small business owners face many day-to-day risks. Which statement is most related to risk?

A)Not getting a bank loan.
B)Entrepreneurs run the risk of having an incomplete family experience.
C)Not securing a particular contract.
D)Risk is never a good thing.

Question 17

The four major causes of entrepreneurial stress are

A)loneliness, immersion in business, people, need to achieve.
B)people, size of business, need to achieve, fear.
C)fear, failure, pressure, competition.
D)drive for success, loneliness, fear, competition.

Question 18

The best antidote for relieving the stress involved with total immersion in business is

A)networking.
B)getting away from it all.
C)finding satisfaction outside the company.
D)delegating.

Question 19

According to the text, what is the most ironic type of stress?

A)loneliness
B)immersion in business
C)people problems
D)need to achieve

Question 20

Entrepreneurs with a sense of distrust

A)scan the environment.
B)examine the business.
C)ignore everything.
D)become fearful.

Question 21

________________ was credited with stating, "Individuals are, after all, the energizers of the entrepreneurial process."

A)Lanny Herron
B)Max DePree
C)Bradley Johnson
D)Steven Covey

Question 22

Which is not a factor in the Model of Entrepreneurial Motivation?

A)the entrepreneur's outcomes meet their expectations
B)personal goals are met
C)implementation of the entrepreneurial plan meet the entrepreneurs outcome perceptions
D)wining awards

Question 23

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.

A)stressful behavior
B)entrepreneurial behavior
C)the dark side
D)unrealistic optimism