1. Ewing Kauffman took a risk when he started his company Marion Labs in 1950.
1. True
2. False
2. How Ewing Kauffman ran his business illustrates corporate entrepreneurship.
1. True
2. False
3. Entrepreneurial opportunities are those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.
1. True
2. False
4. 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.
1. True
2. False
5. The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.
1. True
2. False
6. The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.
1. True
2. False
7. Superficial similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.
1. True
2. False
8. Structural similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.
1. True
2. False
9. Bricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities.
1. True
2. False
10. The effectuation process starts with what one has and selects among possible outcomes.
1. True
2. False
11. The casual process of thinking starts with what one has and selects among possible outcomes.
1. True
2. False
12. Demographics, ethnic origin, and marital status are examples of segmentation variables.
1. True
2. False
13. Principles of effectuation help entrepreneurs develop their cognitive adaptability.
1. True
2. False
14. The question "What is this technology all about?" is a comprehension question.
1. True
2. False
15. Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.
1. True
2. False
16. Asking "How is this problem similar to problems I've already solved" is an example of a connection task.
1. True
2. False
17. A reflection task would involve thinking about what strategies should be used to solve a problem.
1. True
2. False
18. Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.
1. True
2. False
19. Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.
1. True
2. False
20. An entrepreneur is rarely able to start a new business without some form of formal education.
1. True
2. False
21. Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s, while women entrepreneurs tend to do so in their early 30s.
1. True
2. False
22. Previous start-up experience is a good predictor of starting subsequent businesses.
1. True
2. False
23. Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.
1. True
2. False
24. Most entrepreneurs indicate that their most significant venture was not their first one.
1. True
2. False
25. Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase.
1. True
2. False
26. Role models can include family members as well as industry professionals.
1. True
2. False
27. In a social network there are two major properties, density and centrality.
1. True
2. False