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