Exam 17: Appendix: Entrepreneurship Module

Most entrepreneurial ventures are successful.

When it was first starting out, the Viking Range company qualified as an entrepreneurial organization because its products were ________.

The more proactive you are, the more likely you are to be an entrepreneur.

An "accidental entrepreneur" is someone who became an entrepreneur because he or she ________.

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

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

An entrepreneurial venture whose goal is to create humorous video games would be likely to be ________.

Which of the following terms does not fit the classic profile of the successful entrepreneur?

This type of work team has the most autonomy.

In a short essay, describe how an entrepreneur is like a jazz band leader.

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

An entrepreneurial venture that sees its competitive advantage in cost efficiency would tend to adopt an organic style organizational structure.

The leader of an entrepreneurial organization is like a jazz band leader because he or she controls every note that his or her "musicians" play.

An entrepreneurial venture is much more likely to change an industry than a small business.

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

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

In a short essay, explain why Viking Range qualifies as an entrepreneurial venture.

This type of business plan is a step up from the simplest type of business plan.

In most cases, the first step in the initial (pre-planning)phase of the entrepreneurial process is this.

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