ENT101 EXAM QUESTIONS WITH
100% VERIFIED ANSWERS
Multidimensional Approach - Answer- Views entrepreneurship as a complex,
multidimensional framework that emphasizes the individual, the environment, the
organization, and the venture process
True - Answer- True or False:
New business incorporations average 600,000 per year over the past decade.
False - Answer- True or False:
There are over 30 million small businesses; the number continues to grow 2% annually
False - Answer- True or False:
One of every 100 adults participates in the founding of a new firm each year.
True - Answer- True or False:
Approximately 600,000 to 800,000 are added each year.
Global Entrepreneurship Monitor - Answer- GEM stands for
Venture Financing - Answer- venture capital and angel capital financing and other
financing techniques strengthened in the 1990s
Corporate Entrepreneurship - Answer- The need for entrepreneurial cultures has drawn
increased attention
Social Entrepreneurship - Answer- Has unprecedented strength within the new
generation of entrepreneurs.
Entrepreneurial Cognition - Answer- Is providing new insights into the psychological
aspects of the entrepreneurial process
Women and Minority Entrepreneurs - Answer- Appear to face obstacles and difficulties
different from those that other entrepreneurs face.
Global Entrepreneurial Movement - Answer- Increasing entrepreneurial movement
Entrepreneurial Education - Answer- Has become one of the hottest topics in business
and engineering schools throughout the world
, Family Businesses - Answer- Type of business that have become a stronger focus of
research
False - Answer- True or False:
Entrepreneurs Are Always Inventors
The Entrepreneurial Mind-Set - Answer- Describes the most common characteristics
associated with successful entrepreneurs as well as the elements associated with the
"dark side" of entrepreneurship.
Cognition - Answer- The mental function. Processes(thoughts), and states of intelligent
humans-attention, remembering, producing and understanding language, solving
problems and making decisions.
Social Cognition Theory - Answer- Posits that knowledge structures (mental models of
cognitions) can be ordered to optimize personal effectiveness within given situations
Entrepreneurial Cognition - Answer- The knowledge structures that people use to make
assessments, judgments, or decisions involving opportunity evaluation, venture
creation, and growth
Cognitive Adaptability - Answer- The ability to be dynamic, flexible, and self-regulating
in one's cognitions given dynamic and uncertain task environments
Metacognitive Model - Answer- Describes the higher-order cognitive process that
results in the entrepreneur framing a task effectually, and thus why and how a particular
strategy was included in a set of alternative responses to the decision task
(metacognition)
E = f(e) - Answer- Entrepreneurship is a function of the entrepreneur
Loss Orientation - Answer- Involves focusing on the particular loss to construct an
account that explains why the loss occurred.
Restoration Orientation - Answer- Involves both distracting oneself from thinking about
the failure event and being proactive towards secondary causes of stress.
Emergence of the opportunity, Emergence of the venture & Emergence of the
entrepreneur - Answer- Experiential Nature of Creating a Sustainable Enterprise
Career risk - Answer- loss of employment security
Family and social risk - Answer- competing commitments of work and family
Psychic Risk - Answer- psychological impact of failure on the well-being of
entrepreneurs
100% VERIFIED ANSWERS
Multidimensional Approach - Answer- Views entrepreneurship as a complex,
multidimensional framework that emphasizes the individual, the environment, the
organization, and the venture process
True - Answer- True or False:
New business incorporations average 600,000 per year over the past decade.
False - Answer- True or False:
There are over 30 million small businesses; the number continues to grow 2% annually
False - Answer- True or False:
One of every 100 adults participates in the founding of a new firm each year.
True - Answer- True or False:
Approximately 600,000 to 800,000 are added each year.
Global Entrepreneurship Monitor - Answer- GEM stands for
Venture Financing - Answer- venture capital and angel capital financing and other
financing techniques strengthened in the 1990s
Corporate Entrepreneurship - Answer- The need for entrepreneurial cultures has drawn
increased attention
Social Entrepreneurship - Answer- Has unprecedented strength within the new
generation of entrepreneurs.
Entrepreneurial Cognition - Answer- Is providing new insights into the psychological
aspects of the entrepreneurial process
Women and Minority Entrepreneurs - Answer- Appear to face obstacles and difficulties
different from those that other entrepreneurs face.
Global Entrepreneurial Movement - Answer- Increasing entrepreneurial movement
Entrepreneurial Education - Answer- Has become one of the hottest topics in business
and engineering schools throughout the world
, Family Businesses - Answer- Type of business that have become a stronger focus of
research
False - Answer- True or False:
Entrepreneurs Are Always Inventors
The Entrepreneurial Mind-Set - Answer- Describes the most common characteristics
associated with successful entrepreneurs as well as the elements associated with the
"dark side" of entrepreneurship.
Cognition - Answer- The mental function. Processes(thoughts), and states of intelligent
humans-attention, remembering, producing and understanding language, solving
problems and making decisions.
Social Cognition Theory - Answer- Posits that knowledge structures (mental models of
cognitions) can be ordered to optimize personal effectiveness within given situations
Entrepreneurial Cognition - Answer- The knowledge structures that people use to make
assessments, judgments, or decisions involving opportunity evaluation, venture
creation, and growth
Cognitive Adaptability - Answer- The ability to be dynamic, flexible, and self-regulating
in one's cognitions given dynamic and uncertain task environments
Metacognitive Model - Answer- Describes the higher-order cognitive process that
results in the entrepreneur framing a task effectually, and thus why and how a particular
strategy was included in a set of alternative responses to the decision task
(metacognition)
E = f(e) - Answer- Entrepreneurship is a function of the entrepreneur
Loss Orientation - Answer- Involves focusing on the particular loss to construct an
account that explains why the loss occurred.
Restoration Orientation - Answer- Involves both distracting oneself from thinking about
the failure event and being proactive towards secondary causes of stress.
Emergence of the opportunity, Emergence of the venture & Emergence of the
entrepreneur - Answer- Experiential Nature of Creating a Sustainable Enterprise
Career risk - Answer- loss of employment security
Family and social risk - Answer- competing commitments of work and family
Psychic Risk - Answer- psychological impact of failure on the well-being of
entrepreneurs
