Test Bank - Entrepreneurship: Theory, Process, Practice, 12th Edition – Donald F. Kuratko – ISBN 9780357899502 (All Chapters 1–15)

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Entrepreneurship
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Theory Process
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Practice 12th Edition
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TEST BANK
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Donald Kuratko
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Comprehensive Test Bank for Instructors
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and Students
© Donald Kuratko. All rights reserved. Reproduction or
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distribution without permission is prohibited.
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9780357899502




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Test Bankjiuh
— Entrepreneurship: Theory, Process, Practice, 12th Edition —
Donald F. Kuratko
ISBN: 9780357899502



Part 1: Understanding the Impact of the Entrepreneurial Mindset
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Chapter 1: Entrepreneurship: Evolutionary Development—Revolutionary
Impact
Chapter 2: The Entrepreneurial Mindset in Individuals: Cognition, the Dark
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Side, and Ethics
Chapter 3: The Entrepreneurial Mindset in Organizations: Corporate
Entrepreneurship
Chapter 4: The Global Entrepreneurial Mindset: Social Entrepreneurship
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Part 2: Initiating Entrepreneurial Ventures
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Chapter 5: Innovation: The Creative Pursuit of Ideas
Chapter 6: Assessment of Entrepreneurial Opportunities
Chapter 7: Pathways to Entrepreneurial Ventures
Chapter 8: Sources of Capital for Entrepreneurs
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Part 3: Developing the Entrepreneurial Plan
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Chapter 9: Legal Challenges for Entrepreneurial Ventures
Chapter 10: Marketing Challenges for Entrepreneurial Ventures
Chapter 11: Financial Preparation for Entrepreneurial Ventures
Chapter 12: Developing an Effective Business Plan
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Part 4: Growth Strategies for Entrepreneurial Ventures
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Chapter 13: Strategic Entrepreneurial Growth: Scaling
Chapter 14: Valuation of Entrepreneurial Ventures
Chapter 15: Harvesting the Entrepreneurial Venture




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, Test Bank for Entrepreneurship Theory, Process, Practice 12th Edition By Donald Kuratko (All Chapters
100% Original Verified, A+ Grade)
Chapter 01: Entrepreneurship: Evolutionary Development—Revolutionary Impact
1. Entrepreneurs are aggressive catalysts for change within the marketplace.
a. True
b. False
ANSWER: True
RATIONALE: Entrepreneurs see opportunity where others might see chaos.
POINTS: 1
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REFERENCES: 1.1 Entrepreneurs: Breakthrough Innovators
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.1 - Identify the major types of entrepreneurial ventures
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DATE CREATED: 5/2/2023 7:59 AM
DATE MODIFIED: 5/2/2023 8:08 AM

2. During the past 10 years, new business start-ups averaged more than 600,000 per year.
a. True
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b. False
ANSWER: True
RATIONALE: There are many start-ups each year in the United States, averaging over
POINTS: 1
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REFERENCES: 1.7 The Entrepreneurial Revolution: A Global Phenomenon
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.7 - Examine the entrepreneurial revolution taking place today
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DATE CREATED: 5/2/2023 8:08 AM
DATE MODIFIED: 5/2/2023 8:10 AM

3. Employees embrace fear, while entrepreneurs are willing to take calculated risks.
a. True
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b. False
ANSWER: True
RATIONALE: Entrepreneurship is a dynamic process of vision, change, and creation.
POINTS: 1
REFERENCES: 1.4 The Evolution of Entrepreneurship
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QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.6 - Paraphrase a comprehensive definition of entrepreneurship
DATE CREATED: 5/2/2023 8:10 AM
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DATE MODIFIED: 5/2/2023 8:12 AM

4. The entrepreneurial spirit is unique to the modern age.
a. True
b. False
ANSWER: False
RATIONALE: The entrepreneurs have existed since eighteenth-century France.

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, POINTS: 1
REFERENCES: 1.4 The Evolution of Entrepreneurship
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.2 - Examine the historical development of entrepreneurship
DATE CREATED: 5/2/2023 8:12 AM
DATE MODIFIED: 5/2/2023 8:15 AM
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5. A “gazelle” is a business establishment with at least 5 percent sales growth every year for 25 years.
a. True
b. False
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ANSWER: False
RATIONALE: Gazelles are based on innovation and experience high growth each year.
POINTS: 1
REFERENCES: 1.7 The Entrepreneurial Revolution: A Global Phenomenon
QUESTION TYPE: True / False
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HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.8 - Illustrate today’s entrepreneurial environment
DATE CREATED: 5/2/2023 8:15 AM
DATE MODIFIED: 5/2/2023 8:51 AM
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6. The word entrepreneur is derived from the Spanish word entreprendre, meaning “to undertake.”
a. True
b. False
ANSWER: False
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RATIONALE: The origin of this word is French.
POINTS: 1
REFERENCES: 1.4 The Evolution of Entrepreneurship
QUESTION TYPE: True / False
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HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.6 - Paraphrase a comprehensive definition of entrepreneurship
DATE CREATED: 5/2/2023 8:51 AM
DATE MODIFIED: 5/2/2023 8:54 AM
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7. There is no single definition of an entrepreneur.
a. True
b. False
ANSWER: True
RATIONALE: Entrepreneur can mean catalyst for change, one who undertakes risk, etc.
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POINTS: 1
REFERENCES: 1.4 The Evolution of Entrepreneurship
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.6 - Paraphrase a comprehensive definition of entrepreneurship
DATE CREATED: 5/2/2023 8:54 AM

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