Management Entrepreneurship

Business

Quiz 2 :

Small Business Management Entrepreneurship and Ownership

Quiz 2 :

Small Business Management Entrepreneurship and Ownership

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Individuals who prefer steady pay and a normal nine-to-five work schedule also tend to gravitate toward self-employment.
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True False
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False

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A small business manager and an entrepreneur perform the same functions.
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True False
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False

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The primary reason most people go into business for themselves is to gain the respect of others.
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True False
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False

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Personal characteristics vary as a business evolves from one stage to another.
True False
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Financial risks,material risks,and psychological risks are all risks faced by the entrepreneur.
True False
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More than 50 percent of business owners started their own business in order to earn large sums of money.
True False
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The conclusion after more than 30 years of research on personal characteristics is that successful entrepreneurs cannot be predicted.
True False
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Independence and control over their own lives are reasons many people begin small businesses.
True False
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Mergers,IPOs,and ESOPs are all forms that can be taken in the harvest stage of the startup process model.
True False
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Environmental factors are the traits possessed by the business owner that affect the development of the small business.
True False
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Entrepreneurship and small business management are processes,not isolated incidents.
True False
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Personality characteristics are not useful in predicting who will be a successful entrepreneur.
True False
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Income uncertainty is one of the most challenging aspects of starting a new business.
True False
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Entrepreneurs recognize an opportunity and start a business to take advantage of it.
True False
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The typical entrepreneur tends to accept moderate risk only after careful examination.
True False
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Entrepreneurs tend to have a weaker internal locus of control than do people in general.
True False
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In the end,every business will eventually reach the harvest stage.
True False
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The three most important characteristics that every successful entrepreneur possesses are perseverance,needed technical skills,and a deep belief in himself/herself.
True False
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A triggering event is a specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing.
True False
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There is only one factor that could be called a triggering event.
True False
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Showing 1 - 20 of 130