Created By: A Solution
Test Bank For Entrepreneurship Successfully Launching
New Ventures 6th Edition By Bruce R Barringer Test Bank
A+
Chapter 1 Introduction To Entrepreneurship
1) Pure Fix Cycles, The Company Profiled In The Opening Feature Of Chapter 1, Was
Launched By Four Co-Founders And Sells .
A) Fixed Gear, Single Speed Bikes
B) Entry Level Bikes That Sell In The $100 Price Range
C) Bikes The Are Durable Enough That They Almost Never Need To Be Fixed
D) High Quality Bikes That Sell In The $1,000+ Price Range
E) Multiple Gear, Multiple Speed Bikes Answer:
A Diff: 1 Page Ref: 3
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
2) Which Of The Following Is An Accurate Characterization Of Interest In
Entrepreneurship?
A) There Is Minimal Interest In Entrepreneurship Across The World.
B) There Is Minimal Interest In Entrepreneurship In North America And Europe,
But Significant Interest In Asia And Australia.
C) There Is Significant Interest In Entrepreneurship In North America And Europe,
But Minimal Interest In Asia And Australia.
D) While Interest In Entrepreneurship Was Once High, It Is Waning In Popularity
Across The World.
E) There Is Tremendous Interest In Entrepreneurship Across The World.
Answer: E Diff: 1 Page Ref: 3
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
A+ Page 1
,Created By: A Solution
Entrepreneurial Firms.
AACSB: Application Of Knowledge
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,Created By: A Solution
3) According To The Global Entrepreneurship Monitor (GEM) 2013 Survey, About
Percent Of Adults In The United States Are Either Starting A Business Or Are Running A
Business That Has Been In Existence For Less Than 3 1/2 Years.
A) 3.8
B) 5.5
C) 7.6
D) 9.0
E) 12.7
Answer: E
Diff: 3 Page Ref: 5
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Application Of Knowledge
4) According To The Global Entrepreneurship Monitor (GEM) 2013 Study, The
Majority Of People In High-Income Countries Are Drawn To Entrepreneurship .
A) To Take Advantage Of An Attractive Opportunity
B) Due To Lack Of Career Prospects
C) As A Result Of Government Incentives
D) Because An Important Role Model Was An Entrepreneur
E) To Gain Prestige Answer:
A Diff: 2 Page Ref: 5
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
5) Which Of The Following Statements Regarding Survival Rates Of Entrepreneurial Firms
In The United States Is Correct?
A) As High As 50 Percent After Four Years
B) As High As 60 Percent After Four Years
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, Created By: A Solution
C) As High As 70 Percent After Four Years
D) As High As 80 Percent After Four Years
E) As High As 90 Percent After Four Years
Answer: A Diff: 2 Page Ref: 6
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
6) Cody Rodgers Is The Founder Of A Company Named Extreme Sports Apparel. The
Company Makes Apparel Products For Extreme Sports Enthusiasts Such As Rock Climbers,
Triathletes, Skateboarders, And BMX Bikers. Cody Wants His Company To Pursue A High
Level Of Corporate Entrepreneurship. To Achieve That Goal, Cody's Firm Should Be .
A) Innovative, Risk Averse, And Take A "Wait And See" Posture
B) Taking A "Wait And See" Posture, Innovative, And Risk Taking
C) Proactive, Not Innovative, And Risk Taking
D) Taking A "Wait And See" Posture, Not Innovative, And Risk Averse
E) Proactive, Innovative, And Risk Taking
Answer: E Diff: 2 Page Ref: 6
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Analytical Thinking
7) Google Is A Firm That Is Proactive, Innovative And Risk-Taking. From This
Description, We Can Most Accurately Conclude That Google Has A High Level Of .
A) Enterprise Focus
B) Innovative Intensity
C) Entrepreneurial Intensity
D) Creative Intensity
E) Innovative Concentration Answer:
C Diff: 2 Page Ref: 7
A+ Page 4
Test Bank For Entrepreneurship Successfully Launching
New Ventures 6th Edition By Bruce R Barringer Test Bank
A+
Chapter 1 Introduction To Entrepreneurship
1) Pure Fix Cycles, The Company Profiled In The Opening Feature Of Chapter 1, Was
Launched By Four Co-Founders And Sells .
A) Fixed Gear, Single Speed Bikes
B) Entry Level Bikes That Sell In The $100 Price Range
C) Bikes The Are Durable Enough That They Almost Never Need To Be Fixed
D) High Quality Bikes That Sell In The $1,000+ Price Range
E) Multiple Gear, Multiple Speed Bikes Answer:
A Diff: 1 Page Ref: 3
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
2) Which Of The Following Is An Accurate Characterization Of Interest In
Entrepreneurship?
A) There Is Minimal Interest In Entrepreneurship Across The World.
B) There Is Minimal Interest In Entrepreneurship In North America And Europe,
But Significant Interest In Asia And Australia.
C) There Is Significant Interest In Entrepreneurship In North America And Europe,
But Minimal Interest In Asia And Australia.
D) While Interest In Entrepreneurship Was Once High, It Is Waning In Popularity
Across The World.
E) There Is Tremendous Interest In Entrepreneurship Across The World.
Answer: E Diff: 1 Page Ref: 3
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
A+ Page 1
,Created By: A Solution
Entrepreneurial Firms.
AACSB: Application Of Knowledge
A+ Page 2
,Created By: A Solution
3) According To The Global Entrepreneurship Monitor (GEM) 2013 Survey, About
Percent Of Adults In The United States Are Either Starting A Business Or Are Running A
Business That Has Been In Existence For Less Than 3 1/2 Years.
A) 3.8
B) 5.5
C) 7.6
D) 9.0
E) 12.7
Answer: E
Diff: 3 Page Ref: 5
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Application Of Knowledge
4) According To The Global Entrepreneurship Monitor (GEM) 2013 Study, The
Majority Of People In High-Income Countries Are Drawn To Entrepreneurship .
A) To Take Advantage Of An Attractive Opportunity
B) Due To Lack Of Career Prospects
C) As A Result Of Government Incentives
D) Because An Important Role Model Was An Entrepreneur
E) To Gain Prestige Answer:
A Diff: 2 Page Ref: 5
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
5) Which Of The Following Statements Regarding Survival Rates Of Entrepreneurial Firms
In The United States Is Correct?
A) As High As 50 Percent After Four Years
B) As High As 60 Percent After Four Years
A+ Page 3
, Created By: A Solution
C) As High As 70 Percent After Four Years
D) As High As 80 Percent After Four Years
E) As High As 90 Percent After Four Years
Answer: A Diff: 2 Page Ref: 6
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Reflective Thinking
6) Cody Rodgers Is The Founder Of A Company Named Extreme Sports Apparel. The
Company Makes Apparel Products For Extreme Sports Enthusiasts Such As Rock Climbers,
Triathletes, Skateboarders, And BMX Bikers. Cody Wants His Company To Pursue A High
Level Of Corporate Entrepreneurship. To Achieve That Goal, Cody's Firm Should Be .
A) Innovative, Risk Averse, And Take A "Wait And See" Posture
B) Taking A "Wait And See" Posture, Innovative, And Risk Taking
C) Proactive, Not Innovative, And Risk Taking
D) Taking A "Wait And See" Posture, Not Innovative, And Risk Averse
E) Proactive, Innovative, And Risk Taking
Answer: E Diff: 2 Page Ref: 6
LO: 1.1: Describe Entrepreneurship, Corporate Entrepreneurship, And The Characteristics Of
Entrepreneurial Firms.
AACSB: Analytical Thinking
7) Google Is A Firm That Is Proactive, Innovative And Risk-Taking. From This
Description, We Can Most Accurately Conclude That Google Has A High Level Of .
A) Enterprise Focus
B) Innovative Intensity
C) Entrepreneurial Intensity
D) Creative Intensity
E) Innovative Concentration Answer:
C Diff: 2 Page Ref: 7
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