CHAPTER 1
Introduction to Entrepreneurship
MULTIPLE-CHOICE QUESTIONS
Introduction to Entrepreneurship
Answer: D 1. According to the Global Entrepreneurship Monitor (GEM) 2003
study, about __________ adults in the countries surveyed are involved
Medium
in forming new businesses.
Page: 4
A. 2.5 percent
B. 7.5 percent
C. 10.0 percent
D. 12.5 percent
E. 17.5 percent
Answer: A 2. According to the Global Entrepreneurship Monitor (GEM) report,
about two-thirds of the individuals in the 40 countries surveyed
Easy
reported they are starting a business:
Page: 5
A. to pursue an attractive opportunity
B. because they can find no better choice for work
C. to pursue financial rewards
, D. because they are disenchanted with working for someone else
E. to enhance their reputation
Answer: C 3. Established firms with an entrepreneurial emphasis are:
Medium
Page: 5 A. innovative, risk adverse, and take a “wait and see” posture
B. take a “wait and see” posture, are innovative, and are risk taking
C. proactive, innovative, and risk taking
D. proactive, not innovative, and risk taking
E. take a “wait and see” posture, are not innovative, and are risk
adverse
Answer: A 4. Microsoft is an established firm that encourages and emphasizes
entrepreneurial behavior throughout its various divisions.
Medium
According to the textbook, Microsoft practices:
Page: 5
A. corporate entrepreneurship
B. deliberate entrepreneurship
C. commercial entrepreneurship
D. mega-entrepreneurship
E. statutory entrepreneurship
Answer: E 5. Established firms with an orientation to behave entrepreneurially
practice:
Easy
Page: 5
, A. general entrepreneurship
B. commercial entrepreneurship
C. mega-entrepreneurship
D. statutory entrepreneurship
E. corporate entrepreneurship
Answer: D 6. All firms fall along a conceptual continuum that ranges from highly
conservative to highly entrepreneurial. The position of a firm on
Medium
this continuum is referred to as its:
Page 5:
A. capitalistic intensity
B. innovative concentration
C. creative intensity
D. entrepreneurial intensity
E. inventive intensity
Answer: A 7. Cisco Systems is a firm that is proactive, innovative, and risk-taking.
From this description, we can most accurately conclude that Cisco
Medium
has a high level of:
Page: 5
A. entrepreneurial intensity
B. general intensity
C. innovative concentration
D. inventive zeal
E. creative intensity
, Answer: B 8. The three primary reasons that people become entrepreneurs and
start their own firms are to:
Medium
Page: 6
A. pursue their own ideas, realize financial rewards, and eliminate
risk in their lives
B. be their own boss, pursue their own ideas, and realize financial
rewards
C. take big risks, be their own boss, and do what they were “born”
to do
D. do what they were “born” to do, be their own boss, and capture
more of the spotlight
E. capture more of the spotlight, pursue their own ideas, and take
big risks
Introduction to Entrepreneurship
MULTIPLE-CHOICE QUESTIONS
Introduction to Entrepreneurship
Answer: D 1. According to the Global Entrepreneurship Monitor (GEM) 2003
study, about __________ adults in the countries surveyed are involved
Medium
in forming new businesses.
Page: 4
A. 2.5 percent
B. 7.5 percent
C. 10.0 percent
D. 12.5 percent
E. 17.5 percent
Answer: A 2. According to the Global Entrepreneurship Monitor (GEM) report,
about two-thirds of the individuals in the 40 countries surveyed
Easy
reported they are starting a business:
Page: 5
A. to pursue an attractive opportunity
B. because they can find no better choice for work
C. to pursue financial rewards
, D. because they are disenchanted with working for someone else
E. to enhance their reputation
Answer: C 3. Established firms with an entrepreneurial emphasis are:
Medium
Page: 5 A. innovative, risk adverse, and take a “wait and see” posture
B. take a “wait and see” posture, are innovative, and are risk taking
C. proactive, innovative, and risk taking
D. proactive, not innovative, and risk taking
E. take a “wait and see” posture, are not innovative, and are risk
adverse
Answer: A 4. Microsoft is an established firm that encourages and emphasizes
entrepreneurial behavior throughout its various divisions.
Medium
According to the textbook, Microsoft practices:
Page: 5
A. corporate entrepreneurship
B. deliberate entrepreneurship
C. commercial entrepreneurship
D. mega-entrepreneurship
E. statutory entrepreneurship
Answer: E 5. Established firms with an orientation to behave entrepreneurially
practice:
Easy
Page: 5
, A. general entrepreneurship
B. commercial entrepreneurship
C. mega-entrepreneurship
D. statutory entrepreneurship
E. corporate entrepreneurship
Answer: D 6. All firms fall along a conceptual continuum that ranges from highly
conservative to highly entrepreneurial. The position of a firm on
Medium
this continuum is referred to as its:
Page 5:
A. capitalistic intensity
B. innovative concentration
C. creative intensity
D. entrepreneurial intensity
E. inventive intensity
Answer: A 7. Cisco Systems is a firm that is proactive, innovative, and risk-taking.
From this description, we can most accurately conclude that Cisco
Medium
has a high level of:
Page: 5
A. entrepreneurial intensity
B. general intensity
C. innovative concentration
D. inventive zeal
E. creative intensity
, Answer: B 8. The three primary reasons that people become entrepreneurs and
start their own firms are to:
Medium
Page: 6
A. pursue their own ideas, realize financial rewards, and eliminate
risk in their lives
B. be their own boss, pursue their own ideas, and realize financial
rewards
C. take big risks, be their own boss, and do what they were “born”
to do
D. do what they were “born” to do, be their own boss, and capture
more of the spotlight
E. capture more of the spotlight, pursue their own ideas, and take
big risks
