Entrepreneurship Revision Quiz

To be an entrepreneur is to act on the possibility that one has identified an opportunity worth pursuing and it involves ______________

• Uncertain opportunity

• Decision Making

• Entrepreneurial thinking.

Given this decision-making environment, he or she needs to think structurally, engage in _________________ , effectuate, and cognitively adapt.

• Bricolage

• Brainstorming

• Critical Thinking

Action through the creation of new products/ processes and/or the entry into new markets, which may occur through a newly created organization or within an established organization is _____________

• Entrepreneurial Desirability

• Entrepreneurial action

• Entrepreneurial self-efficacy

___________ __________ is focused on preserving nature, life support and community in the pursuit of perceived opportunities to bring future products and services into existence for gain.

• Sustainable Entrepreneurship

• Gains Based Entrepreneurship

• Environmental Entrepreneurship

The entrepreneur also needs advice and counsel which can be obtained from members of a ____________________

• Family

• Professional-Support Network.

• Friends

Managers in an organization strongly supporting corporate entrepreneurship

• True

• False

The dual process of learning from failure has a number of practical implications.

• True

• False

Sometimes entrepreneurial initiatives fail to achieve their objectives but, as a result, they are not terminated.

• False

• True

Perceived desirability: The degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes

• True

• False

Realizing the psychological and physiological outcomes caused by the feelings of loss are “symptoms” can increase secondary sources of stress and assist with the choice of treatment.

• True

• Fasle