All of the following are reasons for the growth of corporate entrepreneurship except

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Chapter 1

Chapter Quiz

This activity contains 22 questions.

	Entrepreneurial behavior typically requires all of the following EXCEPT:   invention of something new. willingness to take risks. drive. creativity.

	_____ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.   Risk tolerance Entrepreneurial intensity Inventiveness Organizational bureaucracy

	What is the most common reason given for why people choose to become entrepreneurs?   To make a lot of money. To escape the long hours associated with corporate jobs. To be their own boss. To be able to retire early.

	Some entrepreneurs report that the financial rewards associated with entrepreneurship can be bittersweet if they are accompanied by ________.   modest upside potential the thrill of starting a business motivating factors losing control of the firm

	All of the following are characteristics shared by successful entrepreneurs EXCEPT:   passion. risk averse. product/customer focus. tenacity despite failure.

	Which of the following is NOT a common myth about entrepreneurs?   Everyone has the potential to be an entrepreneur. Entrepreneurs are born, not made. Entrepreneurs are gamblers. Entrepreneurs love the spotlight.

	What do you call small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer?   sole proprietorship small business lifestyle firm salary-substitute firm

	_____ of the 26 million businesses in the Unites States are owned by women, minorities, seniors, and young people.   A growing number An insignificant portion A declining amount An unknown quantity

	Influence on innovation and job creation best typifies entrepreneurial firms' ________.   impact on society economic impact impact on larger firms impact on the environment

	The entrepreneurial process is comprised of each of the following steps EXCEPT:   deciding to become an entrepreneur. inventing a new product or process. managing and growing the entrepreneurial firm. moving from an idea to an entrepreneurial firm.

	In the United States, approximately one-third of new firms fail within their first four years.    True  False

	Entrepreneur and inventor mean essentially the same thing.    True  False

	Entrepreneurship only pertains to starting new businesses, not existing firms.    True  False

	The average entrepreneur does NOT make more money than someone with a similar amount of responsibility in a traditional job.    True  False

	The number one characteristic shared by successful entrepreneurs is creativity.    True  False

	Execution intelligence refers to developing a business model, putting together financial resources, and leading people towards transforming an idea into a business.    True  False

	According to research, most entrepreneurs are born, not made.    True  False

	Only individuals that thrive on taking big risks have the right personality to be an entrepreneur.    True  False

	After winning a medal for diving in the Olympics, Cheryl starts a diving instruction school. This is an example of a lifestyle firm.    True  False

	In recent years, the fastest growing areas for women-owned firms have been in cosmetology, fashion merchandising, and hair salons.    True  False

	Discus entrepreneurship's importance to the economy and society as a whole:   To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.

	What are the steps of the entrepreneurial process?   To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.

Are also referred to as corporate entrepreneurs?

Which of the following helps account for the rise of interest in corporate entrepreneurship?

How is growth related to corporate entrepreneurship?

Which of the following is not a trait of a successful entrepreneur?

Which of the following describes corporate entrepreneurship?