ENT530

What is entrepreneurship?

• The activity of setting up a business AND taking on financial risks in the hope of profit.

• The activity of setting up a business NOT taking on financial risks in the hope of profit.

• The process of designing, launching and running a old business

• None of the above

Those are the nature of entrepreneurship? Except...

• Entrepreneurial opportunities

• Entrepreneurial opposite

• Entrepreneurial action

• Entrepreneurial thinking

Engage in Bricolage is where the entrepreneur....

• Improvise a product to be a new product

• Destroy the product

• Sell the product in high price

• Learn from failures

There are 5 ways on how entrepreneur think. Except...

• Engage in bricolage

• Cognitively adapt

• Effectuate

• Think stressfully

There are two types of effectuation

• Causal process and Effective process

• Causes process and Effectuation process

• Causal process and Effectuation process

• None of the above

Connection task is one of the element to achieve the cognitive adaptability. Define the term connection task.

• Increase entrepreneurs’ understanding of the nature of the environment

• Stimulate thinking about similarities and differences of current situations with situations previously faced and solved

• Identify strategies that are appropriate for solving the problem or pursuing the opportunity

• Have good creative thinking

Increasing cognitive ability helps the entrepreneur to.... except...

• Adapt to new situations

• Be creative

• Communicate with the other

• Easy to loss contact of the customer

What do you understand by perceived desirability in the intention to act as entrepreneurially?

• Motivational factors that influence individuals to pursue entrepreneurial outcomes

• Degree to which a potential entrepreneurial outcome is evaluated as favorable or unfavorable

• Conviction that one can successfully pursue entrepreneurial outcomes

• None of the above

Define Professional-support network?

• Individuals who boycott the entrepreneur in business activities

• Individuals who cheat on the entrepreneur in business activities

• Individuals who help the entrepreneur in business activities

• Individuals who give psychological support to the entrepreneur in business activities

Define role models..

• Individuals whose example an entrepreneur can aspire to and copy

• Individuals who give psychological support to an entrepreneur

• Individuals who help the entrepreneur in business activities

• None of the above