Deck 2: The Entrepreneurial Mindset: Cognition and Career

Question 1

The three business stages for an entrepreneurship venture are:

A) nascent,survival and growth
B) start,survival and exit
C) survival exit and growth
D) nascent,survival and exit

Answer 1

A

Question 2

Opportunity orientation is a:

A) relentless pursuit of patents and intellectual property
B) focus on the pursuit of opportunities by providing financing
C) relentless pursuit of money-making ventures
D) focus on and relentless pursuit of opportunities by marshalling resources and utilising one's knowledge and understanding

Answer 2

D

Question 3

Another term for corporate entrepreneurship is:

A) intrapreneurship
B) entrepreneurial employee activity
C) entrepreneurship inside an organisation
D) None of these choices

Answer 3

A

Question 4

Entrepreneurial persistence is:

A) an entrepreneur's choice to continue with an entrepreneurial opportunity regardless of counterinfluences or other enticing alternatives
B) an entrepreneur's choice to not continue with an entrepreneurial opportunity regardless of counterinfluences or other enticing alternatives
C) an entrepreneur's choice to take another entrepreneurial opportunity
D) None of these choices

Question 5

Which of the following is an entrepreneurial characteristic and capability in all three stages of growth?

A)Higher education
B)Social capital
C)Entrepreneurial passion
D)Passion and enthusiasm

Question 6

The entrepreneurial ego is:

A) a self-centred characteristic exhibited by entrepreneurs obsessed with the importance of themselves and their ideas
B) a customer-centred characteristic exhibited by entrepreneurs
C) a team-centred characteristic exhibited by entrepreneurs obsessed with the importance of their business
D) related to losing money,taxation,superannuation and cash flow

Question 7

Succession planning for entrepreneurs is:

A) a process whereby the firm identifies,recruits and cultivates internal candidates to fill key positions; particularly important in family businesses
B) planning for success
C) the identification of successful staff members
D) cultivation of new family members to fill business roles

Question 8

What is risk propensity?

A) The predisposition to take on more risk than the average person
B) The predisposition to take on the same financial risk as the average person
C) The predisposition to take on less risk than the average person
D) All of these choices

Question 9

Necessity-driven entrepreneurs are born out of:

A) poorer socio-economic groups
B) poorer political nation states
C) lower levels of environmental awareness
D) None of these choices

Question 10

In terms of primary motivation,intrapreneurs and innovators share which of the following characteristics?

A) Freedom,fame and money
B) Freedom,external motivation and self-reliance
C) Freedom,competitiveness and egotism
D) Freedom,goal orientation,self-motivation and self-reliance

Question 11

Why is passion essential for entrepreneurs?

A) Entrepreneurs express and experience entrepreneurial passion as a way of reaching a coherent understanding of the emotional experience of intense arousal and energy mobilisation toward their venture
B) Entrepreneurs express and experience entrepreneurial passion daily
C) Entrepreneurs need it to survive
D) It feeds entrepreneurs' creativity

Question 12

An entrepreneurial family is:

A) a family of mixed types of people who come up with new ideas
B) an organisation that provides opportunity for its staff to initiate change and instils a desire to be innovative
C) a family of intrapreneurs
D) a family that provides opportunity for its family members to initiate change and instils a desire to be innovative

Question 13

Entrepreneurs confront which four types of risks?

A) Financial,career,family and social,and psychic
B) Profit,financial,social and environmental
C) Friends,career,family and social
D) Financial,taxation,superannuation and cash flow

Question 14

Type A behaviour and personality can be explained as:

A) impatient,demanding and highly strung
B) controlling,impatient and highly strung
C) highly strung,creative and innovative
D) patient,understanding and sensitive

Question 15

The theory of planned behaviour has which three types of behaviour?

A) Social norms,personal attitude and perceived personal capacity
B) Social,political and economic norms
C) Personal norms,social capacity and perceived personal attitude
D) Socially,politically and personally aware

Question 16

Entrepreneurial motivation is:

A) the willingness of an entrepreneur to change entrepreneurial behaviour
B) the willingness of an entrepreneur to copy entrepreneurial behaviour
C) the willingness of an entrepreneur to sustain his or her entrepreneurial behaviour
D) All of these choices

Question 17

Entrepreneurial behavior involves:

A) the actions,thoughts and deeds to initiate a new venture regardless of social,project or business form
B) the ideas for a new business
C) new ideas for an old business
D) the actions,thoughts and deeds to change an old venture regardless of social,project or business form