PRELIM EXAM ON ENTREPRENEURIAL MGMT

Which of the following is NOT a key aspect of the entrepreneurial mindset according to Gartner (1988)?

• Opportunity Recognition

• Proactiveness

• Risk Aversion

• Persistence

What is the primary goal of entrepreneurship?

• To create a stable job for oneself

• To make a profit and create value for stakeholders

• To avoid taking risks

• To follow traditional management practices

Which of the following is NOT a characteristic of successful entrepreneurs according to the presentation?

• Strong leadership skills

• Resistance to change

• Innovation and creativity

• Adaptability

What is the key term associated with the process of creating, developing, and managing a new business venture?

• CPRR

• PRD

• CreMaDe

• None of the above

Which of the following is NOT a key concept of entrepreneurship according to Kuratko (2021)?

• Innovation

• Value creation and capture

• Risk avoidance

• Influencing factors

What is entrepreneurial management?

• Applying traditional management principles to new businesses

• Avoiding any form of innovation to maintain stability

• Applying entrepreneurial principles and practices to manage organizations

• Focusing solely on profit maximization

Which of the following is NOT a key trait associated with the entrepreneurial mindset?

• Creativity

• Risk-taking

• Passion

• Conformity

What is the acronym used to remember the key traits of the entrepreneurial mindset?

• CPRR

• PRD

• CreMaDe

• None of the above

What is the importance of entrepreneurship according to Shane & Venkataraman (2000)?

• It hinders economic growth

• It leads to job losses

• It stifles innovation

• It is essential for economic growth, job creation, innovation, and technological advancement

Which of the following is NOT a key characteristic of entrepreneurship?

• Innovation

• Value creation and capture

• Risk-taking

• Bureaucracy