Question 1

Explain the McMullen-Shepherd Model.

Accepted Answer

1.Model explains how knowledge and motiv...

Question 2

The casual process of thinking starts with what one has and selects among possible outcomes.

Accepted Answer

A) True 
 B)False

Question 3

The question "What is this technology all about?" is a comprehension question.

Accepted Answer

A) True 
 B)False

Question 4

The moral support network is different from the professional support network in that:

Accepted Answer

A)  a professional support network includes finding a mentor.
B)  moral support is less important than professional support.
C)  only the "cheering squad" provides moral support.
D)  a moral support network comprises only of personal contacts.E) None of the above
F) All of the above

Question 5

Motivation to launch a new venture can arise from all of the following except:

Accepted Answer

A)  lack of prior experience.
B)  boredom.
C)  a lack of challenge.
D)  frustration.E) A) and B)
F) A) and C)

Question 6

Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.

Accepted Answer

A)  mentors
B)  friends
C)  parents
D)  spousesE) A) and B)
F) A) and C)

Question 7

In a social network there are two major properties,density and centrality.

Accepted Answer

A) True 
 B)False

Question 8

An entrepreneur is rarely able to start a new business without some form of formal education.

Accepted Answer

A) True 
 B)False

Question 9

Most entrepreneurs indicate that their most significant venture was not their first one.

Accepted Answer

A) True 
 B)False

Question 10

The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

Accepted Answer

A) True 
 B)False

Question 11

In Stage One of the McMullen-Shepherd Model:

Accepted Answer

A)  the entrepreneur decides whether or not there is an opportunity for someone.
B)  the entrepreneur consults experts in the market area of interest.
C)  the entrepreneur decides whether the opportunity that exists is a match with their own knowledge and motivation.
D)  the entrepreneur engages in bricolage.E) B) and C)
F) A) and B)

Question 12

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Accepted Answer

A) True 
 B)False

Question 13

Asking "How is this problem similar to problems I've already solved"? is an example of a connection task.

Accepted Answer

A) True 
 B)False

Question 14

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.

Accepted Answer

A) True 
 B)False

Question 15

Entrepreneurial action can be defined as those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Accepted Answer

A) True 
 B)False

Question 16

Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

Accepted Answer

1.Comprehension questions are designed t...

Question 17

How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 18

Which group in a professional network helps keep a new venture competitive?

Accepted Answer

A)  Clients or buyers
B)  Mentors
C)  Trade associations
D)  SuppliersE) None of the above
F) A) and B)

Question 19

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

Accepted Answer

A) True 
 B)False

Question 20

Entrepreneurs' intentions are based on their perception of feasibility rather than someone else's impression of whether it is feasible.

Accepted Answer

A) True 
 B)False

Exam 1: Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial action can be defined as those situations in which new goods,services,raw materials and organizing methods can be sold at greater than their production cost.

Correct AnswerverifiedShow Answer

Most entrepreneurs indicate that their most significant venture was not their first one.

Correct AnswerverifiedShow Answer

How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

Correct AnswerverifiedShow Answer

The casual process of thinking starts with what one has and selects among possible outcomes.

Correct AnswerverifiedShow Answer

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

Correct AnswerverifiedShow Answer

Explain the McMullen-Shepherd Model.

Correct Answerverified1.Model explains how knowledge and motiv...View AnswerShow Answer

The question "What is this technology all about?" is a comprehension question.

Correct AnswerverifiedShow Answer

Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Correct AnswerverifiedShow Answer

In Stage One of the McMullen-Shepherd Model:

Correct AnswerverifiedShow Answer

Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

Correct Answerverified1.Comprehension questions are designed t...View AnswerShow Answer

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.

Correct AnswerverifiedShow Answer

An entrepreneur is rarely able to start a new business without some form of formal education.

Correct AnswerverifiedShow Answer

Motivation to launch a new venture can arise from all of the following except:

Correct AnswerverifiedShow Answer

Which group in a professional network helps keep a new venture competitive?

Correct AnswerverifiedShow Answer

Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.

Correct AnswerverifiedShow Answer

The moral support network is different from the professional support network in that:

Correct AnswerverifiedShow Answer

Entrepreneurs' intentions are based on their perception of feasibility rather than someone else's impression of whether it is feasible.

Correct AnswerverifiedShow Answer

The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

Correct AnswerverifiedShow Answer

In a social network there are two major properties,density and centrality.

Correct AnswerverifiedShow Answer

Asking "How is this problem similar to problems I've already solved"? is an example of a connection task.

Correct AnswerverifiedShow Answer

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1.Model explains how knowledge and motiv...
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Correct Answer
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Correct Answer
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1.Comprehension questions are designed t...
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Correct Answer
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Correct Answer
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