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Entrepreneurship A Process Perspective

Business

Quiz 1 :

Entrepreneurship:: A Field, an Activity - and a Way of Life

Quiz 1 :

Entrepreneurship:: A Field, an Activity - and a Way of Life

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The example in the textbook of Lorraine Santoli creating a new dispenser for tissues to be used in her car is not an example of entrepreneurship because it is not something "hot" or remarkable.
Free
True False
Answer:

Answer:

False

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The process of entrepreneurship involves a chain of events and activities that takes place over a period of time.
Free
True False
Answer:

Answer:

True

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Entrepreneurship is a field of study that seeks to understand how opportunities to create new products or services arise and are discovered by specific persons,who then use various means to exploit or develop them.
Free
True False
Answer:

Answer:

True

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In the United States,small businesses,those with less than 500 employees,make up only about 1% of all employers.
True False
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A business plan is a detailed description of how a company plans to develop its new venture.
True False
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Of the following,which one is probably NOT and example of an entrepreneur.
Multiple Choice
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In the process of developing a theory on entrepreneurship,the theory is eventually either proven or rejected,and the results are accepted as being absolute.
True False
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The entrepreneurial process begins when one or more persons recognize an opportunity---the potential to create something new that has emerged from a complex pattern of changing conditions.
True False
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One reason that more people are choosing to be entrepreneurs,rather than entering the workforce through pre-existing companies,is because many people in the younger generation prefer a job allowing them independence and freedom.
True False
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Companies like Expedia.com probably could not have been started ten or more years ago because the technological,economic,and social forces were not right to present the opportunity to start such a company.
True False
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A person who creates something new while working inside an existing company is known as a/an
Multiple Choice
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The term "Theory" refers to efforts to go beyond merely describing various phenomena to the point at which we can explain them.
True False
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Entrepreneurship refers to the process of bringing something that is not now being produced to the marketplace.
True False
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The definition of entrepreneurship includes the creation of something new. It does not include the requirement that the new thing makes it to market.
True False
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Entrepreneurs cause an increase in unemployment,taking away jobs from the working class.
True False
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Entrepreneurship refers to developing a new product or service that is revolutionary,or earth-shaking,rather than developing a less noteworthy product or service.
True False
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Experimentation plays a large part in an entrepreneur's success and is used all of the time in the study of entrepreneurship.
True False
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A person is conducting research concerning a certain theory about entrepreneurship. The findings of the research contradict the theory. This proves the theory to be false.
True False
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In order to understand entrepreneurship as a process,it is essential to consider which of the following factors?
Multiple Choice
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Recognizing opportunities for creating or developing something new can only occur within existing organizations.
True False
Answer:
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