ENT101 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS (100%
CORRECT)
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
True - Answer-True or False:
Entrepreneurs with Type A personality has chronic and severe sense of time urgency.
False - Answer-True or False:
Entrepreneurs with Type A personality neglect of all aspects of work except life.
Entrepreneurial Stress - Answer-The extent to which entrepreneurs' work demands and
expectations exceed their abilities to perform as venture initiators, they are likely to
experience stress.
True - Answer-True or False:
Pressure from inside and outside interests is a source of ethical dilemma
Ethical Code of Conduct - Answer-Is a statement of ethical practices or guidelines to
which an enterprise adheres
Corporate entrepreneurship (CE) - Answer-refers to entrepreneurial behavior inside
wellestablished large and mid-sized organizations.
Corporate Venturing Strategy - Answer-is one of many strategies to develop and
manage a company's resources. It offers a unique opportunity for companies to adapt,
change and be innovative in a rapidly changing environment.
Corporate Venturing - Answer-includes the innovation process, market research and
searching for opportunities, marketing products to the target audience, managing the
creation of an opportunity or product
True - Answer-True or False:
One of the factors that contributed to the growth of the entrepreneurial economy is fast
knowledge and technology evolution
Corporate Entrepreneurship Strategy - Answer-a vision-driven, pervasive reliance on
entrepreneurial, behavior that, by recognizing and seizing entrepreneurial opportunity,
continuously revitalizes, the organization and shapes the scope of its operations.
Radical innovation - Answer-Is often the difference between business success and
failure. It is the process that transforms a "good idea" into a solid business strategy and
strategy into an actionable plan of action
Incremental Innovation - Answer-includes the development of new products, processes
and technologies. It is a method of driving business change that accelerates customers'
COMPLETE SOLUTIONS (100%
CORRECT)
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
True - Answer-True or False:
Entrepreneurs with Type A personality has chronic and severe sense of time urgency.
False - Answer-True or False:
Entrepreneurs with Type A personality neglect of all aspects of work except life.
Entrepreneurial Stress - Answer-The extent to which entrepreneurs' work demands and
expectations exceed their abilities to perform as venture initiators, they are likely to
experience stress.
True - Answer-True or False:
Pressure from inside and outside interests is a source of ethical dilemma
Ethical Code of Conduct - Answer-Is a statement of ethical practices or guidelines to
which an enterprise adheres
Corporate entrepreneurship (CE) - Answer-refers to entrepreneurial behavior inside
wellestablished large and mid-sized organizations.
Corporate Venturing Strategy - Answer-is one of many strategies to develop and
manage a company's resources. It offers a unique opportunity for companies to adapt,
change and be innovative in a rapidly changing environment.
Corporate Venturing - Answer-includes the innovation process, market research and
searching for opportunities, marketing products to the target audience, managing the
creation of an opportunity or product
True - Answer-True or False:
One of the factors that contributed to the growth of the entrepreneurial economy is fast
knowledge and technology evolution
Corporate Entrepreneurship Strategy - Answer-a vision-driven, pervasive reliance on
entrepreneurial, behavior that, by recognizing and seizing entrepreneurial opportunity,
continuously revitalizes, the organization and shapes the scope of its operations.
Radical innovation - Answer-Is often the difference between business success and
failure. It is the process that transforms a "good idea" into a solid business strategy and
strategy into an actionable plan of action
Incremental Innovation - Answer-includes the development of new products, processes
and technologies. It is a method of driving business change that accelerates customers'
