Exam 17: Appendix: Entrepreneurship Module

In general, employee empowerment ________ motivation in employees.

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

You would expect an entrepreneur who has a grand vision for the future to be more of a risk taker than an entrepreneur who is using his or her venture simply as a source of income.

This is the simplest and briefest type of business plan.

One of the keys that distinguishes an entrepreneurial organization from a conventional organization is the concerted emphasis on growth.

To avoid problems in their personal lives, entrepreneurs need to become excellent time managers and deal with conflicts ________ they arise.

In general, an entrepreneurial venture that sees ________ as its competitive advantage would tend to be ________ in structure.

Saving money by avoiding the expense of professional legal and accounting advice is often a mistake for entrepreneurs.

An entrepreneurial venture and a small business ________.

Legal issues for an entrepreneurial organization typically are addressed after the organization is up and running.

Harvesting an entrepreneurial venture occurs when the venture ________.

A command-and-control leadership style works best with an entrepreneurial organization that is organized in teams.

In a short essay, explain what a proactive personality is and what its connection is to entrepreneurship.

During the first step of the planning and organizing phase of an entrepreneurial venture, this is accomplished.

This section of a full business plan would include a description of the demographics of the target market for the organization.

This type of business plan is a step down from the most complete type of business plan.

One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________.

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

The third step in the initial (pre-planning)phase of the entrepreneurial process is ________.

Nonvisionary entrepreneurial leaders usually outperform visionary entrepreneurial leaders.