Question 1

This is one of the best ways for entrepreneurs to deal with especially difficult work-related or personal problems.

Accepted Answer

A) read self-help books 
B) consult trusted employees 
C) develop a network of trusted peers 
D) consult relatives and family members 
A) read self-help books 
B) consult trusted employees 
C) develop a network of trusted peers 
D) consult relatives and family members

Question 2

An executive summary is the most complete kind of business plan.

Accepted Answer

A) True 
 B)False

Question 3

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Accepted Answer

A) managerial 
B) ceremonial figurehead 
C) background 
D) subordinating 
A) managerial 
B) ceremonial figurehead 
C) background 
D) subordinating

Question 4

Selling an entrepreneurial venture is always a sign of failure.

Accepted Answer

A) True 
 B)False

Question 5

Once the entrepreneurial organization is up and running, the entrepreneur becomes a manager.

Accepted Answer

A) True 
 B)False

Question 6

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 7

A good way to ease into employee empowerment is to let employees share in decision making.

Accepted Answer

A) True 
 B)False

Question 8

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

Accepted Answer

First, the entrepreneur needs to identif

Question 9

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

Sample response:
I think I am a fairly e

Question 11

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 12

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

Accepted Answer

A) selecting a legal business organization form 
B) stating a mission 
C) selecting an organizational design 
D) creating a business plan 
A) selecting a legal business organization form 
B) stating a mission 
C) selecting an organizational design 
D) creating a business plan

Question 13

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

Accepted Answer

A) stays nimble and flexible 
B) is profitable 
C) stays small and informal 
D) is efficient 
A) stays nimble and flexible 
B) is profitable 
C) stays small and informal 
D) is efficient

Question 14

An entrepreneur's ability to be visionary is important because visionary companies tend to ________.

Accepted Answer

A) have employees who are satisfied with their jobs 
B) be larger than nonvisionary companies 
C) be more successful than nonvisionary companies 
D) be more organic than nonvisionary companies 
A) have employees who are satisfied with their jobs 
B) be larger than nonvisionary companies 
C) be more successful than nonvisionary companies 
D) be more organic than nonvisionary companies

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

Accepted Answer

A) proactive 
B) talented 
C) likeable 
D) desperate 
A) proactive 
B) talented 
C) likeable 
D) desperate

Question 17

The best way for a hesitant entrepreneur to begin the process of employee empowerment is to ________.

Accepted Answer

A) give employees complete decision-making power immediately 
B) use participative decision making 
C) let the employees decide how much decision-making power they will have 
D) order employees to start making decisions 
A) give employees complete decision-making power immediately 
B) use participative decision making 
C) let the employees decide how much decision-making power they will have 
D) order employees to start making decisions

Question 18

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Accepted Answer

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

Question 19

Identifying opportunity is not a trait of a person with a proactive personality.

Accepted Answer

A) True 
 B)False

Question 20

An entrepreneurial venture is the same as a small business.

Accepted Answer

A) True 
 B)False

This is one of the best ways for entrepreneurs to deal with especially difficult work-related or personal problems.

An executive summary is the most complete kind of business plan.

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Selling an entrepreneurial venture is always a sign of failure.

Once the entrepreneurial organization is up and running, the entrepreneur becomes a manager.

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

A good way to ease into employee empowerment is to let employees share in decision making.

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

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

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

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

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

An entrepreneur's ability to be visionary is important because visionary companies tend to ________.

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

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

The best way for a hesitant entrepreneur to begin the process of employee empowerment is to ________.

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Identifying opportunity is not a trait of a person with a proactive personality.

An entrepreneurial venture is the same as a small business.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Quantitative Module

Appendix: Career Module

Filters

Exam 17: Appendix: Entrepreneurship Module

This is one of the best ways for entrepreneurs to deal with especially difficult work-related or personal problems.

An executive summary is the most complete kind of business plan.

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

Selling an entrepreneurial venture is always a sign of failure.

Once the entrepreneurial organization is up and running, the entrepreneur becomes a manager.

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

A good way to ease into employee empowerment is to let employees share in decision making.

In a short essay, describe the steps an entrepreneur typically takes in deciding whether to begin an entrepreneurial venture.

It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.

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

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

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

The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.

An entrepreneur's ability to be visionary is important because visionary companies tend to ________.

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

Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is.

The best way for a hesitant entrepreneur to begin the process of employee empowerment is to ________.

During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Identifying opportunity is not a trait of a person with a proactive personality.

An entrepreneurial venture is the same as a small business.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Quantitative Module

Appendix: Career Module

Filters