BA 105 Chapter 2 Test Exam
/. cognition - Answer-A person's way of perceiving and thinking about his or her
experience.
/.action - Answer-The visible behavior a person takes.
/.passion - Answer-An intense positive feeling an entrepreneur has toward the business
or the idea behind the business.
/.stakeholder - Answer-A person, organization, or entity that has an interest or concern
in a particular business or decision.
/.perserverance - Answer-The behavior of continued effort to achieve a goal.
/.promotion focus - Answer-An entrepreneur's attention to maximizing gains and
pursuing opportunities likely to lead to gains.
/.prevention focus - Answer-An entrepreneur's attention to minimizing losses, with a bias
toward inaction or protective action to prevent loss.
/.comprehensive planners - Answer-Entrepreneurs who develop long-range plans for all
aspects of the business.
/.critical-point planners - Answer-Entrepreneurs who develop plans focused on the most
important aspect of the business first.
/.opportunistic planners - Answer-Entrepreneurs who start with a goal instead of a plan
and look for opportunities to achieve it.
/.reactive planners - Answer-Entrepreneurs with a passive approach, who wait for cues
from the environment to determine what actions to take.
/.habit-based planners - Answer-Entrepreneurs who do not plan, preferring to let all
actions be dictated by their routines.
/.professionalization - Answer-The extent to which a firm meets or exceeds the standard
business practices for its industry.
/.standard business practice - Answer-A business action that has been widely adopted
within an industry or occupation.
/. cognition - Answer-A person's way of perceiving and thinking about his or her
experience.
/.action - Answer-The visible behavior a person takes.
/.passion - Answer-An intense positive feeling an entrepreneur has toward the business
or the idea behind the business.
/.stakeholder - Answer-A person, organization, or entity that has an interest or concern
in a particular business or decision.
/.perserverance - Answer-The behavior of continued effort to achieve a goal.
/.promotion focus - Answer-An entrepreneur's attention to maximizing gains and
pursuing opportunities likely to lead to gains.
/.prevention focus - Answer-An entrepreneur's attention to minimizing losses, with a bias
toward inaction or protective action to prevent loss.
/.comprehensive planners - Answer-Entrepreneurs who develop long-range plans for all
aspects of the business.
/.critical-point planners - Answer-Entrepreneurs who develop plans focused on the most
important aspect of the business first.
/.opportunistic planners - Answer-Entrepreneurs who start with a goal instead of a plan
and look for opportunities to achieve it.
/.reactive planners - Answer-Entrepreneurs with a passive approach, who wait for cues
from the environment to determine what actions to take.
/.habit-based planners - Answer-Entrepreneurs who do not plan, preferring to let all
actions be dictated by their routines.
/.professionalization - Answer-The extent to which a firm meets or exceeds the standard
business practices for its industry.
/.standard business practice - Answer-A business action that has been widely adopted
within an industry or occupation.
