MHR 322 Exam 2026 Questions and
Answers
When students are interested in entrepreneurship but do not have a specific idea or
technology, they should: - Correct answer-Take stock of personal interests,
strengths, and skills to more readily identify good opportunities.
The first goal for an innovation-driven entrepreneurial venture is to: - Correct
answer-Assess the needs of potential customers to confirm product-market fit.
In "Design Your Way to a Happier Life," authors Evans and Burnett identify a
"design" approach to life planning that involves starting with where you are and
what you have. - Correct answer-True
In "Most entrepreneurs are not rock stars," David Friedberg suggests that if your
goal is to have impact with an innovation, your best option is probably: - Correct
answer-Go to work for a large company since they have direct access to customers
and users already.
In the video "It's about loving what you do," UW-Madison graduate Carol Bartz
suggests that you combine what you love with: - Correct answer-Being flexible
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, According to Dr. Bock, the best reason to choose to be an entrepreneur is: - Correct
answer-Because there is something that you want to accomplish and a startup
company appears to be the best way to make it possible
The US government defines a "small business" as a company with... - Correct
answer-Fewer than 500 employees
Professor Bill Green believes that one of the significant problems with
entrepreneurship is that entrepreneurs often operate without any sense of social
responsibility when they bring new innovations to market. - Correct answer-False
According to the Kauffman Foundation, immigrants are nearly twice as likely as
native-born Americans to start businesses. - Correct answer-True
According to the "History of Entrepreneurship" reading by Johnson Hur, the
following developments facilitated entrepreneurial activity EXCEPT: - Correct
answer-The invention of modern warfare
All of the following are steps in the Market Segmentation process EXCEPT: -
Correct answer-Estimate market size by multiplying the total number of potential
customers by the expected price of the product or service.
A common mistake for early stage ventures is to try to: - Correct answer-Sell to
everyone by making products that fit the need of every possible customer.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Answers
When students are interested in entrepreneurship but do not have a specific idea or
technology, they should: - Correct answer-Take stock of personal interests,
strengths, and skills to more readily identify good opportunities.
The first goal for an innovation-driven entrepreneurial venture is to: - Correct
answer-Assess the needs of potential customers to confirm product-market fit.
In "Design Your Way to a Happier Life," authors Evans and Burnett identify a
"design" approach to life planning that involves starting with where you are and
what you have. - Correct answer-True
In "Most entrepreneurs are not rock stars," David Friedberg suggests that if your
goal is to have impact with an innovation, your best option is probably: - Correct
answer-Go to work for a large company since they have direct access to customers
and users already.
In the video "It's about loving what you do," UW-Madison graduate Carol Bartz
suggests that you combine what you love with: - Correct answer-Being flexible
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, According to Dr. Bock, the best reason to choose to be an entrepreneur is: - Correct
answer-Because there is something that you want to accomplish and a startup
company appears to be the best way to make it possible
The US government defines a "small business" as a company with... - Correct
answer-Fewer than 500 employees
Professor Bill Green believes that one of the significant problems with
entrepreneurship is that entrepreneurs often operate without any sense of social
responsibility when they bring new innovations to market. - Correct answer-False
According to the Kauffman Foundation, immigrants are nearly twice as likely as
native-born Americans to start businesses. - Correct answer-True
According to the "History of Entrepreneurship" reading by Johnson Hur, the
following developments facilitated entrepreneurial activity EXCEPT: - Correct
answer-The invention of modern warfare
All of the following are steps in the Market Segmentation process EXCEPT: -
Correct answer-Estimate market size by multiplying the total number of potential
customers by the expected price of the product or service.
A common mistake for early stage ventures is to try to: - Correct answer-Sell to
everyone by making products that fit the need of every possible customer.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
