Test Bank for Entrepreneurship, 12th Edition by Robert Hisrich
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Course
Entrepreneurship
Institution
Entrepreneurship
Test Bank for Entrepreneurship 12e 12th Edition by Robert Hisrich, Michael Peters and Dean Shepherd. Full Chapters test bank are included - Chapter 1 to 15
PART 1: THE ENTREPRENEURIAL PERSPECTIVE
Chapter 1: The Entrepreneurial Mind-Set
Chapter 2: Corporate Entrepreneurship
Ch...
Chap 01 12e Hisrich
1) Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding
if the signal represents an opportunity for someone.
⊚ true
⊚ false
2) Entrepreneurial thinking partly is about reducing doubt as to whether an opportunity for
someone is also an opportunity for them specifically, and/or processing feedback from action
steps taken.
⊚ true
⊚ false
3) Entrepreneurial opportunities are those situations in which new goods, services, raw
materials and organizing methods can be sold for financial or non-financial gain of the
entrepreneur and/or other stakeholders.
⊚ true
⊚ false
4) Entrepreneurial action can be defined as times when entrepreneurs make do with resources at
hand, applying those resources to new problems or opportunities.
⊚ true
⊚ false
5) The McMullen-Shepherd Model helps identify the common traits of successful
entrepreneurs.
⊚ true
⊚ false
6) The McMullen-Shepherd Model explains how knowledge and motivation influence two
stages of entrepreneurial action.
⊚ true
⊚ false
1
, 7) In the McMullen-Shepherd Model first-person opportunity beliefs come before third-person
opportunity beliefs.
⊚ true
⊚ false
8) Sustainable entrepreneurship provides only environmental gains for others.
⊚ true
⊚ false
9) The entrepreneurial challenge often lies in making creative mental leaps based on superficial
similarities.
⊚ true
⊚ false
10) Structural similarities exist when the underlying mechanisms of the technology resemble, or
match, the underlying mechanisms of the market.
⊚ true
⊚ false
11) Bricolage is entrepreneurs making do by applying combinations of the resources at hand to
new problems and opportunities.
⊚ true
⊚ false
12) The effectuation process starts with what one has and selects among possible outcomes.
⊚ true
⊚ false
13) The thought experiment "Curry in a Hurry" is an example of the effectuation process.
⊚ true
⊚ false
2
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