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

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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
ST
REFERENCES: 1.1 Entrepreneurs: Breakthrough Innovators
QUESTION TYPE: True / False
HAS VARIABLES: False
UV
LEARNING OBJECTIVES: ENTR.KURA.24.1.1 - Identify the major types of entrepreneurial ventures
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.
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a. True
b. False
ANSWER: True
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RATIONALE: There are many start-ups each year in the United States, averaging over
POINTS: 1
REFERENCES: 1.7 The Entrepreneurial Revolution: A Global Phenomenon
QUESTION TYPE: True / False
AP
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.7 - Examine the entrepreneurial revolution taking place today
DATE CREATED: 5/2/2023 8:08 AM
DATE MODIFIED: 5/2/2023 8:10 AM
PR
3. Employees embrace fear, while entrepreneurs are willing to take calculated risks.
a. True
b. False
OV
ANSWER: True
RATIONALE: Entrepreneurship is a dynamic process of vision, change, and creation.
POINTS: 1
REFERENCES: 1.4 The Evolution of Entrepreneurship
QUESTION TYPE: True / False
ED
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.6 - Paraphrase a comprehensive definition of entrepreneurship
DATE CREATED: 5/2/2023 8:10 AM
DATE MODIFIED: 5/2/2023 8:12 AM
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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
ST
5. A “gazelle” is a business establishment with at least 5 percent sales growth every year for 25 years.
a. True
b. False
UV
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
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QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ENTR.KURA.24.1.8 - Illustrate today’s entrepreneurial environment
DATE CREATED: 5/2/2023 8:15 AM
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DATE MODIFIED: 5/2/2023 8:51 AM

6. The word entrepreneur is derived from the Spanish word entreprendre, meaning “to undertake.”
AP
a. True
b. False
ANSWER: False
RATIONALE: The origin of this word is French.
POINTS: 1
PR
REFERENCES: 1.4 The Evolution of Entrepreneurship
QUESTION TYPE: True / False
HAS VARIABLES: False
OV
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

7. There is no single definition of an entrepreneur.
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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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