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Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

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An entrepreneur is rarely able to start a new business without some form of formal education.

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Most entrepreneurs indicate that their most significant venture was not their first one.

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Within the moral-support network,most entrepreneurs indicate that their _____ are their biggest supporters.


A) mentors
B) friends
C) parents
D) spouses

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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.

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The casual process of thinking starts with what one has and selects among possible outcomes.

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Identify and define the 4 types of questions/tasks related to increasing cognitive ability.

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1.Comprehension questions are designed t...

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Asking "How is this problem similar to problems I've already solved"? is an example of a connection task.

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The moral support network is different from the professional support network in that:


A) a professional support network includes finding a mentor.
B) moral support is less important than professional support.
C) only the "cheering squad" provides moral support.
D) a moral support network comprises only of personal contacts.

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

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Motivation to launch a new venture can arise from all of the following except:


A) lack of prior experience.
B) boredom.
C) a lack of challenge.
D) frustration.

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How Ewing Kauffman ran his business illustrates corporate entrepreneurship.

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Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.

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In Stage One of the McMullen-Shepherd Model:


A) the entrepreneur decides whether or not there is an opportunity for someone.
B) the entrepreneur consults experts in the market area of interest.
C) the entrepreneur decides whether the opportunity that exists is a match with their own knowledge and motivation.
D) the entrepreneur engages in bricolage.

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Which group in a professional network helps keep a new venture competitive?


A) Clients or buyers
B) Mentors
C) Trade associations
D) Suppliers

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Entrepreneurs' intentions are based on their perception of feasibility rather than someone else's impression of whether it is feasible.

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Explain the McMullen-Shepherd Model.

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1.Model explains how knowledge and motiv...

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In a social network there are two major properties,density and centrality.

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The question "What is this technology all about?" is a comprehension question.

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

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