, OpenStax Entrepreneurship Test Bank
Chapter 1: The Entrepreneurial Perspective
Chapter 1: The Entrepreneurial Perspective
* = Correct answer
Multiple Choice/Fill in the Blank
1. Which of the following is an example of an entrepreneur?
A. innovator*
B. market leader
C. nonprofit
D. strategist
Difficulty: Moderate
2. Which of the following best describes expanders and scalers’ approach to venturing?
A. innovating or reinventing markets from a future perspective
B. making something new or seeing a new problem
C. seeking out opportunities to expand processes, products, or creating methods*
D. finding new approaches and outlooks to venturing
Difficulty: Moderate
3. All of the following except ________ describe entrepreneurs.
A. activists
B. corporate rebels
C. corporate sponsors*
D. non conformists
Difficulty: Easy
4. Which of the following is an example of a lifestyle venture?
A. McDonald’s
B. Sharkits
C. Wander Girls*
D. Warby Parker
Difficulty: Easy
5. Which of the following is not an example of a lifestyle venture?
A. organizing trips and events for women traveling to India
B. making candles to earn money to support her family
C. starting a fashioned focused eyeglass company*
D. creating a pasta company to increase jobs in Maine
Difficulty: Easy
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Chapter 1: The Entrepreneurial Perspective
Chapter 1: The Entrepreneurial Perspective
* = Correct answer
Multiple Choice/Fill in the Blank
1. Which of the following is an example of an entrepreneur?
A. innovator*
B. market leader
C. nonprofit
D. strategist
Difficulty: Moderate
2. Which of the following best describes expanders and scalers’ approach to venturing?
A. innovating or reinventing markets from a future perspective
B. making something new or seeing a new problem
C. seeking out opportunities to expand processes, products, or creating methods*
D. finding new approaches and outlooks to venturing
Difficulty: Moderate
3. All of the following except ________ describe entrepreneurs.
A. activists
B. corporate rebels
C. corporate sponsors*
D. non conformists
Difficulty: Easy
4. Which of the following is an example of a lifestyle venture?
A. McDonald’s
B. Sharkits
C. Wander Girls*
D. Warby Parker
Difficulty: Easy
5. Which of the following is not an example of a lifestyle venture?
A. organizing trips and events for women traveling to India
B. making candles to earn money to support her family
C. starting a fashioned focused eyeglass company*
D. creating a pasta company to increase jobs in Maine
Difficulty: Easy
Page 2 of 11
