Question 1

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

Accepted Answer

A) adapt to 
B) change 
C) be successful in 
D) be well liked in 
A) adapt to 
B) change 
C) be successful in 
D) be well liked in

Question 2

A context analysis sizes up the target market and evaluates possible competitors to the company.

Accepted Answer

A) True 
 B)False

Question 3

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

Accepted Answer

A) True 
 B)False

Question 4

This is the most complete and comprehensive type of business plan.

Accepted Answer

A) executive summary 
B) full business plan 
C) summary business plan 
D) synopsis-type plan 
A) executive summary 
B) full business plan 
C) summary business plan 
D) synopsis-type plan

Question 5

Which of the following is NOT a way to organize an entrepreneurial venture?

Accepted Answer

A) partnership 
B) corporation 
C) cooperative association 
D) sole proprietorship 
A) partnership 
B) corporation 
C) cooperative association 
D) sole proprietorship

Question 6

In general, entrepreneurs tend to ________ more than the average person.

Accepted Answer

A) cut corners 
B) take risks 
C) avoid risks 
D) avoid cutting corners 
A) cut corners 
B) take risks 
C) avoid risks 
D) avoid cutting corners

Question 7

People with proactive personalities tend to react to their environment more than trying to change their environment.

Accepted Answer

A) True 
 B)False

Question 8

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

Accepted Answer

A) somewhat greater than 
B) less than 
C) about the same as 
D) much greater than 
A) somewhat greater than 
B) less than 
C) about the same as 
D) much greater than

Question 9

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

Accepted Answer

A) True 
 B)False

Question 10

Employee empowerment has little effect on an organization's profits or productivity.

Accepted Answer

A) True 
 B)False

Question 11

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements regarding an "entrepreneurial personality" is true?

Accepted Answer

A) Finding a set of personality traits for an entrepreneurial personality is much easier than for leaders. 
B) Finding a set of personality traits for an entrepreneurial personality is more difficult than for leaders. 
C) There is no specific set of personality traits that all entrepreneurs share. 
D) There has been research on this topic as to date. 
A) Finding a set of personality traits for an entrepreneurial personality is much easier than for leaders. 
B) Finding a set of personality traits for an entrepreneurial personality is more difficult than for leaders. 
C) There is no specific set of personality traits that all entrepreneurs share. 
D) There has been research on this topic as to date.

Question 13

Many small entrepreneurial firms don't have a deliberately planned organizational structure because ________.

Accepted Answer

A) they are inefficient 
B) small firms never need structure 
C) the IRS prevents them from having a structure 
D) one person does "everything" 
A) they are inefficient 
B) small firms never need structure 
C) the IRS prevents them from having a structure 
D) one person does "everything"

Question 14

Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________.

Accepted Answer

A) small in size 
B) focused on growth 
C) dedicated to quality 
D) original and creative 
A) small in size 
B) focused on growth 
C) dedicated to quality 
D) original and creative

Question 15

This section of a full business plan would include possible income statements for the next three years.

Accepted Answer

A) financial data and projections 
B) executive summary 
C) analysis of opportunity 
D) description of the business 
A) financial data and projections 
B) executive summary 
C) analysis of opportunity 
D) description of the business

Question 16

In a short essay, explain how entrepreneurial you think you are.

Accepted Answer

Sample response:
I think I am a fairly e

Question 17

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

Accepted Answer

A) True 
 B)False

Question 18

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

Accepted Answer

Though entrepreneurs typically find it d

Question 19

Entrepreneurs who have trouble delegating authority should go through the process of empowering employees in this manner.

Accepted Answer

A) gradually 
B) all at once 
C) using a rigid timetable 
D) hastily 
A) gradually 
B) all at once 
C) using a rigid timetable 
D) hastily

Question 20

During the organizing phase of an entrepreneurial venture, an entrepreneur ________.

Accepted Answer

A) states a mission 
B) selects a legal business organization form 
C) creates a business plan 
D) selects an organizational design 
A) states a mission 
B) selects a legal business organization form 
C) creates a business plan 
D) selects an organizational design

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

A context analysis sizes up the target market and evaluates possible competitors to the company.

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

This is the most complete and comprehensive type of business plan.

Which of the following is NOT a way to organize an entrepreneurial venture?

In general, entrepreneurs tend to ________ more than the average person.

People with proactive personalities tend to react to their environment more than trying to change their environment.

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

Employee empowerment has little effect on an organization's profits or productivity.

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Which of the following statements regarding an "entrepreneurial personality" is true?

Many small entrepreneurial firms don't have a deliberately planned organizational structure because ________.

Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________.

This section of a full business plan would include possible income statements for the next three years.

In a short essay, explain how entrepreneurial you think you are.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

Entrepreneurs who have trouble delegating authority should go through the process of empowering employees in this manner.

During the organizing phase of an entrepreneurial venture, an entrepreneur ________.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

Quantitative Module

Career Module

Entrepreneurship Module

Filters

Exam 16 : History Module

The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.

A context analysis sizes up the target market and evaluates possible competitors to the company.

When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

This is the most complete and comprehensive type of business plan.

Which of the following is NOT a way to organize an entrepreneurial venture?

In general, entrepreneurs tend to ________ more than the average person.

People with proactive personalities tend to react to their environment more than trying to change their environment.

Survival rates of entrepreneurial ventures that started in a recession are ________ those that started in an expansion.

Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.

Employee empowerment has little effect on an organization's profits or productivity.

One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Which of the following statements regarding an "entrepreneurial personality" is true?

Many small entrepreneurial firms don't have a deliberately planned organizational structure because ________.

Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________.

This section of a full business plan would include possible income statements for the next three years.

In a short essay, explain how entrepreneurial you think you are.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

In a short essay, describe a good way for an entrepreneur to motivate his or her employees.

Entrepreneurs who have trouble delegating authority should go through the process of empowering employees in this manner.

During the organizing phase of an entrepreneurial venture, an entrepreneur ________.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

Quantitative Module

Career Module

Entrepreneurship Module

Filters