https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
Test Bank For Entrepreneurship: The Practice and
Mindset 1st Edition by Heidi M. Neck Christopher P.
Neck ,Emma L. Murray
,https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
Chapter1: Entrepreneurship: AGlobalSocialMovementTest Bank
w
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MultipleChoice q
w
1. Theauthorsdefine entrepreneurship as
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a. a discipline that seeks to understand how opportunities are discovered, created, and expl
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oited, by whom, and with what consequences
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b. starting a small business byfinding investors and launching a product
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c. developing a new market by creating a product that does not currently exist wq wq wq wq wq wq wq wq wq wq wq wq
d. a mindset that compels people to start multiple ventures throughout a lifetime. Ans:
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A
Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
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CognitiveDomain:Knowledge w
q w
q
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
wq wq wq wq wq wq wq
culty Level: Medium
wq wq
AACSB Standard: Reflective thinking wq wq wq
2. are small, short- wq wq
term loans often associated with entrepreneurs in developing countries.
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a. No-interest loans wq
b. High-interest loans wq
c. Microloans
d. Miniloans w
Ans: C
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Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
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CognitiveDomain:Knowledge w
q w
q
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
wq wq wq wq wq wq wq
culty Level: Medium
wq wq
AACSBStandard: Financial theories,analysis, reporting andmarkets
w
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3. This is the discipline that seeks to understand how opportunities are discovered, crea
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ted, and exploited, by whom, and with what consequences.
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a. imagineering
b. storyboarding
c. social engineering wq
d. entrepreneurship w
Ans: D
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Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
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CognitiveDomain:Knowledge w
q w
q
,https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
wq wq wq wq wq wq wq
culty Level: Medium wq wq
AACSB Standard: Reflective thinking wq wq wq
4. Which of the following is NOT a truth about entrepreneurship?
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a. Entrepreneurship isreserved forstartups. wq w
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b. Entrepreneurship can be taught, as it is a method that requires practice. wq wq wq wq wq wq wq wq wq wq wq
c. Entrepreneurs collaborate more thantheycompete. wq wq wq w
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d. Entrepreneurship isalifeskill. A wq w
q w
q w
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ns: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Debunking the Myths of Entrepreneurship Difficulty
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Level: Easy wq
AACSB Standard: Reflective thinking wq wq wq
5. The media often cover the meteoric rise of entrepreneurs such as Bill Gates (Microsoft),
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Steve Jobs (Apple), Mark Zuckerberg (Facebook), Elon Musk (Tesla), and Travis Kalanick (
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Uber). According to the text, these stories
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a. are inspirational but they do little to represent the reality of entrepreneurship
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b. are highly relatable wq wq
c. have not captured the public imagination wq wq wq wq wq
d. are accurate depictions of the entrepreneurs’ paths to success An
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s: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Comprehension
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Answer Location: Media Images of Entrepreneurs Di wq wq wq wq wq wq
fficulty Level: Medium wq wq
AACSB Standard: Contexts of organizations in a global society
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6. A temporary organization in search of a scalable business model is known as a(n)
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.
a. startup.
b. corporation.
c. LLC.
d. entrepreneur. w
Ans: A
q wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #1: Entrepreneurship is not reserved for startups Difficult
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y Level: Medium
wq wq
AACSBStandard: Financial theories,analysis, reporting andmarkets
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7. Effectuation is the theory that . wq wq wq wq
a. businesses should have a positive impact on people’s lives wq wq wq wq wq wq wq wq
b. the effects of ideas can be studied over time
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, https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
c. the future is unpredictable yet controllable
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d. emotionscaninfluencedecision- w
q w
q w
q
making Ans: C wq wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Medium
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AACSBStandard: Financial theories,analysis, reporting andmarkets
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8. Contemporary researchers focuson how entrepreneurs . wq wq wq wq wq
a. think and act wq wq
b. develop a desire for achievement wq wq wq wq
c. build a tolerance for uncertainty
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d. develop an affinity for taking risks A wq wq wq wq wq wq
ns: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Medium
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AACSBStandard: Financial theories,analysis, reporting andmarkets
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9. are people who start several businesses, sometimes at the same time or som wq wq wq wq wq wq wq wq wq wq wq wq
etimes one after the other.
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a. Social entrepreneurs wq
b. Serial entrepreneurs wq
c. High-riskentrepreneurs w
q
d. Low-
riskentrepreneurs Ans: B
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Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Easy
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AACSB Standard: Reflective thinking wq wq wq
10. Which of the following is true about effectual entrepreneurs?
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a. Theyfocus on creating a future rather than predicting it.
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b. Theyfind markets rather than make them.
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c. They do not accept failure. wq wq wq wq
d. They rely on the initiative of stakeholders to fulfill their vision of the future. Ans:
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A
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
wq wq wq wq wq wq wq wq wq wq wq wq wq wq
lty Level: Easy
wq wq
AACSB Standard: Reflective thinking wq wq wq
Test Bank For Entrepreneurship: The Practice and
Mindset 1st Edition by Heidi M. Neck Christopher P.
Neck ,Emma L. Murray
,https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
Chapter1: Entrepreneurship: AGlobalSocialMovementTest Bank
w
q wq wq w
q wq wq wq
MultipleChoice q
w
1. Theauthorsdefine entrepreneurship as
wq . wq wq wq
a. a discipline that seeks to understand how opportunities are discovered, created, and expl
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oited, by whom, and with what consequences
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b. starting a small business byfinding investors and launching a product
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c. developing a new market by creating a product that does not currently exist wq wq wq wq wq wq wq wq wq wq wq wq
d. a mindset that compels people to start multiple ventures throughout a lifetime. Ans:
wq wq wq wq wq wq wq wq wq wq wq wq wq
A
Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
wq wq wq wq wq wq wq wq wq wq wq
CognitiveDomain:Knowledge w
q w
q
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
wq wq wq wq wq wq wq
culty Level: Medium
wq wq
AACSB Standard: Reflective thinking wq wq wq
2. are small, short- wq wq
term loans often associated with entrepreneurs in developing countries.
wq wq wq wq wq wq wq wq
a. No-interest loans wq
b. High-interest loans wq
c. Microloans
d. Miniloans w
Ans: C
q wq
Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
wq wq wq wq wq wq wq wq wq wq wq
CognitiveDomain:Knowledge w
q w
q
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
wq wq wq wq wq wq wq
culty Level: Medium
wq wq
AACSBStandard: Financial theories,analysis, reporting andmarkets
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3. This is the discipline that seeks to understand how opportunities are discovered, crea
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ted, and exploited, by whom, and with what consequences.
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a. imagineering
b. storyboarding
c. social engineering wq
d. entrepreneurship w
Ans: D
q wq
Learning Objective: 1.1. Explain the importance of action and practice in entrepreneurship.
wq wq wq wq wq wq wq wq wq wq wq
CognitiveDomain:Knowledge w
q w
q
,https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
Answer Location: Entrepreneurship RequiresAction and Practice Diffi
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culty Level: Medium wq wq
AACSB Standard: Reflective thinking wq wq wq
4. Which of the following is NOT a truth about entrepreneurship?
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a. Entrepreneurship isreserved forstartups. wq w
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b. Entrepreneurship can be taught, as it is a method that requires practice. wq wq wq wq wq wq wq wq wq wq wq
c. Entrepreneurs collaborate more thantheycompete. wq wq wq w
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d. Entrepreneurship isalifeskill. A wq w
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ns: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Debunking the Myths of Entrepreneurship Difficulty
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Level: Easy wq
AACSB Standard: Reflective thinking wq wq wq
5. The media often cover the meteoric rise of entrepreneurs such as Bill Gates (Microsoft),
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Steve Jobs (Apple), Mark Zuckerberg (Facebook), Elon Musk (Tesla), and Travis Kalanick (
wq wq wq wq wq wq wq wq wq wq wq wq
Uber). According to the text, these stories
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a. are inspirational but they do little to represent the reality of entrepreneurship
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b. are highly relatable wq wq
c. have not captured the public imagination wq wq wq wq wq
d. are accurate depictions of the entrepreneurs’ paths to success An
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s: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Comprehension
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Answer Location: Media Images of Entrepreneurs Di wq wq wq wq wq wq
fficulty Level: Medium wq wq
AACSB Standard: Contexts of organizations in a global society
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6. A temporary organization in search of a scalable business model is known as a(n)
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.
a. startup.
b. corporation.
c. LLC.
d. entrepreneur. w
Ans: A
q wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #1: Entrepreneurship is not reserved for startups Difficult
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y Level: Medium
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AACSBStandard: Financial theories,analysis, reporting andmarkets
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7. Effectuation is the theory that . wq wq wq wq
a. businesses should have a positive impact on people’s lives wq wq wq wq wq wq wq wq
b. the effects of ideas can be studied over time
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, https://browsegrades.net/singlePaper/416815/testbankinstuctor-manual-for-entrepreneurship-the
c. the future is unpredictable yet controllable
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d. emotionscaninfluencedecision- w
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making Ans: C wq wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Medium
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AACSBStandard: Financial theories,analysis, reporting andmarkets
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8. Contemporary researchers focuson how entrepreneurs . wq wq wq wq wq
a. think and act wq wq
b. develop a desire for achievement wq wq wq wq
c. build a tolerance for uncertainty
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d. develop an affinity for taking risks A wq wq wq wq wq wq
ns: A wq
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Medium
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AACSBStandard: Financial theories,analysis, reporting andmarkets
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9. are people who start several businesses, sometimes at the same time or som wq wq wq wq wq wq wq wq wq wq wq wq
etimes one after the other.
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a. Social entrepreneurs wq
b. Serial entrepreneurs wq
c. High-riskentrepreneurs w
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d. Low-
riskentrepreneurs Ans: B
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Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Easy
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AACSB Standard: Reflective thinking wq wq wq
10. Which of the following is true about effectual entrepreneurs?
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a. Theyfocus on creating a future rather than predicting it.
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b. Theyfind markets rather than make them.
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c. They do not accept failure. wq wq wq wq
d. They rely on the initiative of stakeholders to fulfill their vision of the future. Ans:
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A
Learning Objective: 1.2. List the seven lesser- wq wq wq wq wq wq
known truths about entrepreneurship. Cognitive Domain: Knowledge
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Answer Location: Truth #2: Entrepreneurs do not have a special set of personality traits Difficu
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lty Level: Easy
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AACSB Standard: Reflective thinking wq wq wq
