MGT 420 Final Exam Review | Verified Exam Questions and Answers |
Latest Updated Study Material 2026
Question:
Entrepreneurs collaborate more than they compete:
Answer:
True
Question:
Entrepreneurs Inside is a form of entrepreneurship which can only exist in for-profit businesses:
Answer:
False
Question:
SELECT ALL THAT APPLY: The entrepreneurship method includes:
Answer:
Thinking
Question:
Acting
Identifying Opportunities
Approaching Problems
A B-Corp is a company, which has earned a certification for socially responsible firms:
Answer:
True
Question:
Which of the following is not one of the five common myths about entrepreneurs?
Answer:
Entrepreneurs are tenacious
Question:
The process of creating new products, ventures, processes, or renewal within large organizations
yet carried out by employees working in units separate from organizations who create and test
, innovations that are then assimilated back inside the broader organization considered what type
of entrepreneurship?
Answer:
Corporate Entrepreneurship
Question:
Entrepreneurship is a method, not a process:
Answer:
True
Question:
A(n) is the ability to quickly sense opportunities, take action, and get organized under
uncertain conditions
Answer:
Entrepreneurial mindset
Question:
According to a Global Entrepreneurship Monitor (GEM) study within the past 7 years, the
majority of people in high-income countries are drawn to entrepreneurship?
Answer:
to take advantage of an attractive opportunity.
Question:
SELECT ALL THAT APPLY: Favorable opportunities are those that:
Answer:
rare, valuable, costly to imitate, fit with the founding team
Question:
The ability to notice things without engaging in deliberate search is referred to as:
Answer:
Entrepreneurial Alertness
Question:
relationships are characterized by frequent interactions that form between co workers, friends
and spouses
Latest Updated Study Material 2026
Question:
Entrepreneurs collaborate more than they compete:
Answer:
True
Question:
Entrepreneurs Inside is a form of entrepreneurship which can only exist in for-profit businesses:
Answer:
False
Question:
SELECT ALL THAT APPLY: The entrepreneurship method includes:
Answer:
Thinking
Question:
Acting
Identifying Opportunities
Approaching Problems
A B-Corp is a company, which has earned a certification for socially responsible firms:
Answer:
True
Question:
Which of the following is not one of the five common myths about entrepreneurs?
Answer:
Entrepreneurs are tenacious
Question:
The process of creating new products, ventures, processes, or renewal within large organizations
yet carried out by employees working in units separate from organizations who create and test
, innovations that are then assimilated back inside the broader organization considered what type
of entrepreneurship?
Answer:
Corporate Entrepreneurship
Question:
Entrepreneurship is a method, not a process:
Answer:
True
Question:
A(n) is the ability to quickly sense opportunities, take action, and get organized under
uncertain conditions
Answer:
Entrepreneurial mindset
Question:
According to a Global Entrepreneurship Monitor (GEM) study within the past 7 years, the
majority of people in high-income countries are drawn to entrepreneurship?
Answer:
to take advantage of an attractive opportunity.
Question:
SELECT ALL THAT APPLY: Favorable opportunities are those that:
Answer:
rare, valuable, costly to imitate, fit with the founding team
Question:
The ability to notice things without engaging in deliberate search is referred to as:
Answer:
Entrepreneurial Alertness
Question:
relationships are characterized by frequent interactions that form between co workers, friends
and spouses
