Chapter: %

Entrepreneurial Intenti"ns and C"rp"rate Entrepreneurship:

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.ost entrepreneurs indicate that they have mentors. True False

0n entrepreneur is rarely able to start a new business without some form of formal education. True False

$ith regard to minority entrepreneurship! in terms of ownership! one study found the lowest participation rate for 0merican Indians. True False

In an encouraging climate for corporate entrepreneurship! rewards should be based on the attainment of established performance goals. True False

0n organization that wants to become more entrepreneurial must learn to obtain as many resources as possible in order to be more productive. True False

///// leads to increased initiative and persistence and thus improved performance. ?igh self-efficacy *erceived desirability ?igh feasibility 0 strong moral-support system

5ntrepreneurial endeavors consist of all of the following key elements except" new business venturing increasing productivity Innovativeness *ro activeness

.otivation to launch a new venture can arise from all of the following except" lack of prior e)perience. boredom. a lack of challenge. Frustration.

$ithin the moral-support network! most entrepreneurs indicate that their ///// are their biggest supporters. mentors friends parents spouses

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0ll these are characteristics of an entrepreneurial environment except: there are short term horizons. new ideas are encouraged. the organization operates on frontiers of technology. it uses a multidiscipline teamwork approach.

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Chapter: &
Entrepreneurship and the Entrepreneurial Mind'Set:
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$hile effectuating! entrepreneurs think through a problem in a way that starts with a desired outcome and focuses on the means to generate that outcome. True False

0 distribution channel member would typically prefer doing business with single-product! rather than multiproduct firms.

True False

&pportunity assessment plan is more commonly known as business plan. True False

The product development phase begins at the iterative synthesis point. True False

4earning from business failure involves feedback information and entrepreneurial knowledge. True False

$hy is the evaluation of an opportunity the most critical element of the entrepreneurial process' It helps the entrepreneur in developing a good business plan. It enables the entrepreneur to udge the market and the competition. It allows the entrepreneur to compare the prospective returns and the resources needed It helps develop the opportunity assessment plan

$hich is the most common cause of business failure' Insufficient capital ,nstable market Insufficient e)perience *oor entrepreneurship

$hich grief recovery process is based on both avoidance and pro activeness' :estoration-orientation *roactive counseling 4oss-orientation +ual process for grief

$hich term refers to the process of being proactive towards secondary sources of stress instead of being concerned with loss itself' 3rief recovery process 4oss-orientation +ual process :estoration-orientation

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$hat takes place during the product-evolution process' Innovation is developed and commercialized through entrepreneurial activity. The product9service is evaluated and any scope of further development is charted. The business branches into separate units of development and marketing. The product9service is evaluated to identify its global marketability.