1. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTION
Entrepreneurs are aggressive catalysts for change within the
marketplace.
*a. True
b. False
2. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 2
Entrepreneurs are not heroes in today’s marketplace.
a. True
*b. False
3. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 3
Entrepreneurs are the major source of innovation and job creation in
any economy.
*a. True
b. False
4. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 4
Entrepreneurship is more than mere creation of business.
*a. True
b. False
5. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 5
Small enterprises are the most common form of establishment, regardless
of the industry.
*a. True
b. False
6. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 6
During the past ten years, new business incorporations averaged 600,000
per year.
*a. True
b. False
7. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 7
One of every 1000 adults participates in the founding of a new firm
every year.
a. True
*b. False
,8. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 8
The entrepreneurial spirit is unique to America and Western Europe.
a. True
*b. False
9. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 9
A “gazelle” is a business establishment with at least 20 percent sales
growth every year for five years.
*a. True
b. False
10. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI10
Gazelles produce only one half the innovations per employee that larger
firms do.
a. True
*b. False
11. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI11
New and smaller firms obtain more patents per sale than do larger
firms.
*a. True
b. False
12. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI12
Gazelles produced 5 million jobs in the downsizing years of the 1990's.
*a. True
b. False
13. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI13
Gazelles always operate in national or international markets.
a. True
*b. False
14. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI14
New and smaller firms are responsible for 95% of all radical
innovations.
*a. True
b. False
,15. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI15
Gazelles are almost always high tech.
a. True
*b. False
16. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI16
Gazelles don’t always get VC funding.
*a. True
b. False
17. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI17
Women’s share of self employment will still lag behind that of men by
the end of 2005.
a. True
*b. False
18. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI18
Three characteristics of an entrepreneur are personal initiative,
management skills, and a desire for autonomy.
*a. True
b. False
19. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI19
Large firms rather than the entrepreneur are the aggressive catalyst
for change in the world of business.
a. True
*b. False
20. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI20
The word entrepreneur is derived from the Spanish word entreprendre,
meaning “to undertake.”
a. True
*b. False
21. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI21
There is no single definition of an entrepreneur; however research is
providing a sharper focus on the subject.
*a. True
b. False
, 22. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI22
Recognition of entrepreneurs dates back to the French economist Richard
Cantillon.
*a. True
b. False
23. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI23
In the past century, entrepreneurship has become closely linked with
socialism and regulated business.
a. True
*b. False
24. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI24
Entrepreneurs are the major source of innovation and job creation in
the economy.
*a. True
b. False
25. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI25
According to Robert C. Ronstadt, entrepreneurship is the process of
creating incremental wealth.
*a. True
b. False
26. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI26
Most entrepreneurs are inventors.
a. True
*b. False
27. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI27
An entrepreneur does not need a lot of money or luck.
*a. True
b. False
28. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI28
Prepared entrepreneurs who seize opportunities when they arise often
appear to be lucky.
*a. True
b. False
Entrepreneurs are aggressive catalysts for change within the
marketplace.
*a. True
b. False
2. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 2
Entrepreneurs are not heroes in today’s marketplace.
a. True
*b. False
3. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 3
Entrepreneurs are the major source of innovation and job creation in
any economy.
*a. True
b. False
4. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 4
Entrepreneurship is more than mere creation of business.
*a. True
b. False
5. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 5
Small enterprises are the most common form of establishment, regardless
of the industry.
*a. True
b. False
6. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 6
During the past ten years, new business incorporations averaged 600,000
per year.
*a. True
b. False
7. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 7
One of every 1000 adults participates in the founding of a new firm
every year.
a. True
*b. False
,8. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 8
The entrepreneurial spirit is unique to America and Western Europe.
a. True
*b. False
9. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI 9
A “gazelle” is a business establishment with at least 20 percent sales
growth every year for five years.
*a. True
b. False
10. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI10
Gazelles produce only one half the innovations per employee that larger
firms do.
a. True
*b. False
11. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI11
New and smaller firms obtain more patents per sale than do larger
firms.
*a. True
b. False
12. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI12
Gazelles produced 5 million jobs in the downsizing years of the 1990's.
*a. True
b. False
13. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI13
Gazelles always operate in national or international markets.
a. True
*b. False
14. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI14
New and smaller firms are responsible for 95% of all radical
innovations.
*a. True
b. False
,15. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI15
Gazelles are almost always high tech.
a. True
*b. False
16. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI16
Gazelles don’t always get VC funding.
*a. True
b. False
17. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI17
Women’s share of self employment will still lag behind that of men by
the end of 2005.
a. True
*b. False
18. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI18
Three characteristics of an entrepreneur are personal initiative,
management skills, and a desire for autonomy.
*a. True
b. False
19. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI19
Large firms rather than the entrepreneur are the aggressive catalyst
for change in the world of business.
a. True
*b. False
20. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI20
The word entrepreneur is derived from the Spanish word entreprendre,
meaning “to undertake.”
a. True
*b. False
21. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI21
There is no single definition of an entrepreneur; however research is
providing a sharper focus on the subject.
*a. True
b. False
, 22. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI22
Recognition of entrepreneurs dates back to the French economist Richard
Cantillon.
*a. True
b. False
23. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI23
In the past century, entrepreneurship has become closely linked with
socialism and regulated business.
a. True
*b. False
24. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI24
Entrepreneurs are the major source of innovation and job creation in
the economy.
*a. True
b. False
25. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI25
According to Robert C. Ronstadt, entrepreneurship is the process of
creating incremental wealth.
*a. True
b. False
26. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI26
Most entrepreneurs are inventors.
a. True
*b. False
27. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI27
An entrepreneur does not need a lot of money or luck.
*a. True
b. False
28. CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTI28
Prepared entrepreneurs who seize opportunities when they arise often
appear to be lucky.
*a. True
b. False
