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Test Bank For Entrepreneurship Theory Process and Practice 9th Edition by Donald F. Kuratko £24.49   Add to cart

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Test Bank For Entrepreneurship Theory Process and Practice 9th Edition by Donald F. Kuratko

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Entrepreneurship Theory Process and Practice 9th Edition by Donald F. Kuratko - Test Bank

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  • October 2, 2023
  • 171
  • 2022/2023
  • Exam (elaborations)
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,CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-
REVOLUTIONARY IMPACT


TRUE/FALSE

1. Entrepreneurs are aggressive catalysts for change within the marketplace.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

2. Entrepreneurs are not heroes in today’s marketplace.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

3. Entrepreneurs are the major source of innovation and job creation in any economy.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

4. Entrepreneurship is more than the mere creation of a business.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

5. During the past ten years, new business incorporations averaged nearly 600,000 per year.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

6. One of every 1,000 adults participates in the founding of a new firm every year.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

7. The entrepreneurial spirit is unique to America and Western Europe.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

8. A “gazelle” is a business establishment with at least 20 percent sales growth every year for five years.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

9. Gazelles produce half the innovations per employee that larger firms typically do.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

10. New and smaller firms obtain more patents per sale than do larger firms.

, ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

11. Gazelles produced 5 million jobs despite the continual downsizing in major corporations over the last
decade.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

12. New and smaller firms are responsible for 95 percent of all radical innovations.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

13. Gazelles are almost always high tech.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

14. Gazelles do not always get venture capital funding.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

15. Three characteristics of an entrepreneur are personal initiative, management skills, and a desire for
autonomy.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

16. Large firms, as opposed to entrepreneurs, are the aggressive catalyst for change in the world of
business.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

17. The word entrepreneur is derived from the Spanish word entreprendre, meaning “to undertake.”

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

18. There is no single definition of an entrepreneur.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

19. Recognition of entrepreneurs dates back to the French economist Richard Cantillon.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

20. Entrepreneurs are the major source of innovation and job creation in the economy.

ANS: T PTS: 1

, NAT: AACSB Reflective Thinking | Individual Dynamics

21. According to Robert C. Ronstadt, entrepreneurship is the process of creating incremental wealth.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

22. Most entrepreneurs are inventors.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

23. An entrepreneur needs neither a lot of money nor luck.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

24. Prepared entrepreneurs who seize opportunities when they arise often appear to be lucky.

ANS: T PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

25. Entrepreneurs are high risk takers.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

26. Entrepreneurs always start their business at a young age.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

27. Characteristics of entrepreneurs can neither be taught nor learned.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

28. Entrepreneurs are born not made.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

29. Entrepreneurs are doers not thinkers.

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

30. Entrepreneurs must fit the “profile.”

ANS: F PTS: 1
NAT: AACSB Reflective Thinking | Individual Dynamics

31. Entrepreneurs are often very methodical people who plan their moves very carefully.

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