Chap001_Review_Questions_(Recovered)[1] - 1 Small...

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. 1- Small enterprises are the most common form of establishment, regardless of the industry. ANS: True 2- According to Robert C. Ronstadt, entrepreneurship is the process of creating incremental wealth. ANS: True 3- Entrepreneurs always start their business at a young age. ANS: False 4- Entrepreneurs are often very methodical people who plan their moves very carefully. ANS: True .5- Entrepreneurship involves an interdisciplinary approach. ANS: True 6-. Entrepreneurs are best characterized as: a. aggressive catalysts for change 7-. Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following. i Innovation 8- Which of the following characteristics is most important to an entrepreneur? a. management skills 9- Money is necessary but not sufficient for entrepreneurs to survive because a. Lack of preparation and planning can be a main source of failure. 10- Entrepreneurs themselves perceive the concept of risk in which of the following ways: a. calculated risk taking This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.
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11- Entrepreneurs are pessimists who see the cup half empty, rather than half full. ANS: False 12- Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur. ANS: False 13- Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team. ANS: True 14-- There are four causes of entrepreneurial stress.
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