Entrepreneurial

CHAPTER 2: THE ENTREPRENEURIAL MINDSET IN INDIVIDUALS TRUE/FALSE 1. Entrepreneurs are pessimists who see the cup half empty, rather than half full. ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 29 2. Good entrepreneurs seek feedback from others. ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 31 3. Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur.

ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 30 4. Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team.ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 36 5.

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There are four causes of entrepreneurial stress. ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 40 6. The entrepreneur is driven by a strong desire for control over their venture. ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 42 7. Entrepreneurs are often unrealistically optimistic. ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 44 MULTIPLE CHOICE 8.

Which is not a source of entrepreneurship research? |a. |textbooks |c. conferences | |b. |biographies |d.

|water cooler conversation | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 29 9. Which of the following is not a trait of successful entrepreneurs? |a. |initiative |c. |perseverance | |b. |frustration |d. |strategic thinking | ANS:PTS:1NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 30 10. A clear pattern among successful entrepreneurs is |a.

|setting goals that are just out of reach. | |b. |the fear of failure common to all people. | |c. |their focus on opportunity rather than resources. | |d. |not fitting in to traditional organizations. | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 32 11.

Which of the following is not a common characteristic of entrepreneurs? |a. |vision |c. |lack of motivational drive | |b. team building |d. |independence | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 34 12. If an entrepreneur believes in himself/herself and that their accomplishments and setbacks are within their own control, they possess a (n) . |a. |confidence level higher than most entrepreneurs | |b.

|internal locus of control | |c. cockiness level too high to be an entrepreneur | |d. |high energy level | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 34 13. In the Monroy-Folger Model of Risk Typology, profit-seeking activity is associated with: |a. |strong desire to maximize profit |c. |strong desire to minimize profit | |b. |weaker desire to maximize profit |d.

strong desire to maximize sales revenue | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsTOP:pg 38 14. The four major causes of entrepreneurial stress are |a. |loneliness, immersion in business, people, need to achieve.

| |b. |people, size of business, need to achieve, fear. | |c. |fear, failure, pressure, competition. | |d. |drive for success, loneliness, fear, competition. | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 40 15.

Entrepreneurs with a sense of distrust |a. |scan the environment. |c.

|ignore everything. | |b. |examine the business. |d.

become fearful. | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 42 16. Which of the following is an aspect of the “dark side” of entrepreneurship? |a.

|a need for control |c. |both a and b | |b. |a sense of distrust |d. |bouts of euphoria | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 42 17. Which of the following is not one of the four major traits that characterize the “dark side” of entrepreneurs? |a. an external optimism |c. |knowing when to take a vacation | |b. |a desire for success |d.

|a sense of distrust | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 42 18. When outcomes meet or exceed expectations, _____________________ is positively reinforced. |a.

|entrepreneurial behavior |c. |desire for success | |b. |entrepreneurial motivation |d. |entrepreneurial ego | ANS:PTS:1NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 44 19. Which is not a factor in the Model of Entrepreneurial Motivation? |a. |the entrepreneur’s outcomes meet their expectations | |b.

|personal goals are met | |c. |implementation of the entrepreneurial plan meet the entrepreneurs outcome perceptions | |d. |winning awards | ANS:PTS:1 NAT:AACSB Reflective Thinking | Motivation ConceptsKEY:pg 45