Launching New Ventures An Entrepreneurial Approach 7th Edition by Kathleen R. Allen – Test Bank

Launching New Ventures An Entrepreneurial Approach 7th Edition by Kathleen R. Allen – Test Bank

ISBN-10:1305102509 , ISBN-13:978-1305102507

1. ​Entrepreneurship is a non-public journey that begins inside the ideas of the nascent entrepreneur.
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   Preparing for the Entrepreneurial Journey, Intro

2. Evaluation has enabled us to determine the traits of the usual entrepreneur. .
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

3. The probabilities of success for a model new enterprise startup are determined primarily by the size of the preliminary financial funding.
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

4. In an entrepreneurial endeavor, hazard is correlated with reward; that is, the upper the hazard taken, the upper the reward anticipated.​
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

5. Evaluation has determined that environment friendly and surroundings pleasant enterprise planning correlates with enterprise success.
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

6. Entrepreneurship is for these beneath 30, not for older people.​
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

7. ​An essential facet for success is ample start-up capital.
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes

8. Instantly many enterprising individuals are turning to nonprofit ventures to understand their entrepreneurial objectives.
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.2 Paths to Entrepreneurship

9. Residence-based corporations do not qualify as “entrepreneurship.”​
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.2 Paths to Entrepreneurship

10. One in every of many biggest points that scientists and engineers face as soon as they resolve to ponder entrepreneurship is the expectation that there must be formulation and easy “correct or fallacious” options.​
a.  True
b.  False
ANSWER:
POINTS:   1
REFERENCES:   2.3 The Challenges and Alternate options of Entrepreneurship

Quite a lot of Choice

11. ​All of entrepreneurship will probably be lowered to:
a.  ​wealth
b.  ​independence
c.  ​improvement
d.  ​people
e.  ​partnership
ANSWER:
POINTS:   1
REFERENCES:   Preparing for the Entrepreneurial Journey, Intro

12. What’s additional mandatory than start-up capital is:​
a.  ​dimension of the workforce
b.  ​dimension of the market
c.  ​amount of startup capital
d.  ​the amount of all sources
e.  ​want for independence
ANSWER:
POINTS:   1
REFERENCES:   2.1 Saying Goodbye to Stereotypes