ELE 3010 EXAM 2 STUDY GUIDE 2026 TESTED
QUESTIONS AND PRACTICE SOLUTION
GRADED A+
◉ Entrepreneurs rent or sporadically use resources; managers like
to own resources.
Answer: In regards to the differences between the entrepreneurial
and administrative focuses which of the following is correct?
◉ True.
Answer: T/F: Bricolage is entrepreneurs making do by applying
combinations of the resources at hand to new problems and
opportunities
◉ the desire to grow at a slow and controlled pace.
Answer: Entrepreneurial culture and growth orientation consists of
all of the following except:
◉ opens the firm to make different "fronts" of competition.
Answer: A broad-scope strategy:
◉ True.
, Answer: T/F: The McMullen-Shepherd Model helps identify the
common traits of successful entrepreneurs
◉ Proactiveness.
Answer: ________ includes initiative and risk taking, as well as
competitive aggressiveness and boldness
◉ there are short term horizons.
Answer: All these are characteristics of an entrepreneurial
environment except:
◉ True.
Answer: T/F: The period of time when the environment is favorable
for entrepreneurs to exploit a particular new entry is called the
window of opportunity
◉ True.
Answer: T/F: The effectuation process starts with what one has and
selects among possible outcomes
◉ Energy.
Answer: Which of the following is not an aspect of nonverbal or
hidden language?
QUESTIONS AND PRACTICE SOLUTION
GRADED A+
◉ Entrepreneurs rent or sporadically use resources; managers like
to own resources.
Answer: In regards to the differences between the entrepreneurial
and administrative focuses which of the following is correct?
◉ True.
Answer: T/F: Bricolage is entrepreneurs making do by applying
combinations of the resources at hand to new problems and
opportunities
◉ the desire to grow at a slow and controlled pace.
Answer: Entrepreneurial culture and growth orientation consists of
all of the following except:
◉ opens the firm to make different "fronts" of competition.
Answer: A broad-scope strategy:
◉ True.
, Answer: T/F: The McMullen-Shepherd Model helps identify the
common traits of successful entrepreneurs
◉ Proactiveness.
Answer: ________ includes initiative and risk taking, as well as
competitive aggressiveness and boldness
◉ there are short term horizons.
Answer: All these are characteristics of an entrepreneurial
environment except:
◉ True.
Answer: T/F: The period of time when the environment is favorable
for entrepreneurs to exploit a particular new entry is called the
window of opportunity
◉ True.
Answer: T/F: The effectuation process starts with what one has and
selects among possible outcomes
◉ Energy.
Answer: Which of the following is not an aspect of nonverbal or
hidden language?
