Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Test Bank for Entrepreneurship
The Practice and Mindset 2nd
Edition By Heidi Neck,
Christopher Neck, Emma
Murray
(All Chapters 1-16, 100%
Original Verified, A+ Grade)
This is The Only Original and
Complete Test Bank for 2nd
Edition, All Other Files in The
Market are Fake/Old/Wrong
Edition.
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Table Of Contents
• 1. Practicing Entrepreneurship
• 2. Activating an Entrepreneurial Mindset
• 3. Creating and Recognizing New
Opportunities
• 4. Using Design Thinking
• 5. Building Business Models
• 6. Developing your Customers
• 7. Testing and Experimenting New Ideas
• 8. Developing Networks and Building Teams
• 9. Creating Revenue Models
• 10. Planning for Entrepreneurs
• 11. Learning from Failure
• 12. Bootstrapping and Crowdfunding for
Resources
• 13. Financing for Startups
• Supplement A: Financial Statements and
Projections for Startups
• 14. Navigating Legal and IP Issues
• 15. Engaging Customers Through Marketing
• Supplement B: The Pitch
• 16. Supporting Social Entrepreneurship
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Neck, Entrepreneurship 2e
SAGE Publishing, 2021
Test Bank
CHAPTER 1: PRACTICING ENTREPRENEURSHIP
Multiple Choice
1. The authors define entrepreneurship as ______.
a. a way of thinking, acting, and being that combines the ability to find or create
new opportunities with the courage to act on them
b. starting a small business by finding investors and launching a product
c. developing a new market by creating a product that does not currently exist
d. a mindset that compels people to start multiple ventures throughout a lifetime
Ans: A
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
2. ______ have touched every corner of our lives, affecting every aspect of the
way we live.
a. Lifestyles
b. Corporations
c. Entrepreneurs
d. Managers
Ans: C
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
3. What is the discipline that seeks to understand how opportunities are
discovered, created, and exploited, by whom, and with what consequences?
a. imagineering
b. storyboarding
c. social engineering
d. entrepreneurship
Ans. D
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Neck, Entrepreneurship 2e
SAGE Publishing, 2021
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
4. Which of the following is a truth about entrepreneurship?
a. Entrepreneurship is not reserved for startups.
b. Entrepreneurship cannot be taught.
c. Entrepreneurs compete more than they collaborate.
d. Entrepreneurs have a special set of personality traits.
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship May Be Different From What You Think
Difficulty Level: Easy
AACSB Standard: Analytical thinking
5. The media often cover the meteoric rise of entrepreneurs such as Bill Gates
(Microsoft) and Travis Kalanick (Uber). According to the text, these stories
______.
a. are inspirational, but do little to represent the reality of entrepreneurship
b. are highly relatable
c. have not captured the public imagination
d. are accurate depictions of the reality of entrepreneurship
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Comprehension
Answer Location: Media Images of Entrepreneurs
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
6. A temporary organization in search of a scalable business model is known as
a(n) ______.
a. startup
b. corporation
c. LLC
d. entrepreneur
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Truth #1: Entrepreneurship Is Not Reserved for Startups
Difficulty Level: Medium
AACSB Standard: Application of knowledge
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Test Bank for Entrepreneurship
The Practice and Mindset 2nd
Edition By Heidi Neck,
Christopher Neck, Emma
Murray
(All Chapters 1-16, 100%
Original Verified, A+ Grade)
This is The Only Original and
Complete Test Bank for 2nd
Edition, All Other Files in The
Market are Fake/Old/Wrong
Edition.
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Table Of Contents
• 1. Practicing Entrepreneurship
• 2. Activating an Entrepreneurial Mindset
• 3. Creating and Recognizing New
Opportunities
• 4. Using Design Thinking
• 5. Building Business Models
• 6. Developing your Customers
• 7. Testing and Experimenting New Ideas
• 8. Developing Networks and Building Teams
• 9. Creating Revenue Models
• 10. Planning for Entrepreneurs
• 11. Learning from Failure
• 12. Bootstrapping and Crowdfunding for
Resources
• 13. Financing for Startups
• Supplement A: Financial Statements and
Projections for Startups
• 14. Navigating Legal and IP Issues
• 15. Engaging Customers Through Marketing
• Supplement B: The Pitch
• 16. Supporting Social Entrepreneurship
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Neck, Entrepreneurship 2e
SAGE Publishing, 2021
Test Bank
CHAPTER 1: PRACTICING ENTREPRENEURSHIP
Multiple Choice
1. The authors define entrepreneurship as ______.
a. a way of thinking, acting, and being that combines the ability to find or create
new opportunities with the courage to act on them
b. starting a small business by finding investors and launching a product
c. developing a new market by creating a product that does not currently exist
d. a mindset that compels people to start multiple ventures throughout a lifetime
Ans: A
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
2. ______ have touched every corner of our lives, affecting every aspect of the
way we live.
a. Lifestyles
b. Corporations
c. Entrepreneurs
d. Managers
Ans: C
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
3. What is the discipline that seeks to understand how opportunities are
discovered, created, and exploited, by whom, and with what consequences?
a. imagineering
b. storyboarding
c. social engineering
d. entrepreneurship
Ans. D
Learning Objective: 1.1: Explain the importance of action and practice in
entrepreneurship.
Cognitive Domain: Knowledge
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
, Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
Neck, Entrepreneurship 2e
SAGE Publishing, 2021
Answer Location: Entrepreneurship Requires Action and Practice
Difficulty Level: Medium
AACSB Standard: Application of knowledge
4. Which of the following is a truth about entrepreneurship?
a. Entrepreneurship is not reserved for startups.
b. Entrepreneurship cannot be taught.
c. Entrepreneurs compete more than they collaborate.
d. Entrepreneurs have a special set of personality traits.
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Entrepreneurship May Be Different From What You Think
Difficulty Level: Easy
AACSB Standard: Analytical thinking
5. The media often cover the meteoric rise of entrepreneurs such as Bill Gates
(Microsoft) and Travis Kalanick (Uber). According to the text, these stories
______.
a. are inspirational, but do little to represent the reality of entrepreneurship
b. are highly relatable
c. have not captured the public imagination
d. are accurate depictions of the reality of entrepreneurship
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Comprehension
Answer Location: Media Images of Entrepreneurs
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
6. A temporary organization in search of a scalable business model is known as
a(n) ______.
a. startup
b. corporation
c. LLC
d. entrepreneur
Ans: A
Learning Objective: 1.2: List the seven lesser-known truths about
entrepreneurship.
Cognitive Domain: Knowledge
Answer Location: Truth #1: Entrepreneurship Is Not Reserved for Startups
Difficulty Level: Medium
AACSB Standard: Application of knowledge
Test Bank for Entrepreneurship The Practice and Mindset 2nd Edition By Heidi Neck, Christopher Neck, Emma Murray
