Entrepreneurship 9th Edition By Hisrich Test Bank

Chapter 01 Entrepreneurship and the Entrepreneurial Mind-Set
True / False Questions

1. Ewing Kauffman took a risk when he started his company Marion Labs in 1950.
   TRUE

Difficulty: Medium

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2. How Ewing Kauffman ran his business illustrates corporate entrepreneurship.
   TRUE

Difficulty: Medium

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3. Entrepreneurial opportunities are those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.

TRUE

 Difficulty: Medium

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4. Entrepreneurial action can be defined as those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.

FALSE

Difficulty: Medium

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5. The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.

FALSE

Difficulty: Easy

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6. The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.

TRUE

Difficulty: Medium

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7. Superficial similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.

FALSE

Difficulty: Medium

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8. Structural similaritiesexist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.

TRUE

Difficulty: Medium

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