New Venture Creation: Entrepreneurship for the 21st Century 10th Edition by Stephen Spinelli test ba

 
C. 
Entrepreneurship is becoming a tool to create social and economic equalities.

 
D. 
Entrepreneurship is becoming a dominant management model for running nonprofit businesses.


 
19.
What is the characteristic of entrepreneurship educators whose views and attitudes toward learning differ radically from traditional academic approaches? 
 


A. 
They are faculty centric.

 
B. 
They do not prefer a work-in-progress philosophy of teaching.

 
C. 
They do believe that expertise, wisdom, and knowledge are housed solely in the faculty.

 
D. 
They are likely to see their role as mentors, coaches, and advocates for students.


 
20.
What is the difference between entrepreneurial educators and traditional academicians? 
 


A. 
Entrepreneurial educators are faculty centric, whereas traditional academicians are student centric.

 
B. 
Entrepreneurial educators follow a rigid training module, whereas traditional academicians follow a more hands-on philosophy.

 
C. 
Entrepreneurial educators treat the learning process as solely occurring in the classroom, whereas traditional academicians treat it as more of an apprenticeship.

 
D. 
Entrepreneurial educators are opportunity centric, whereas traditional academicians are faculty centric.


 
21.
Which of the following is true of new venture creation? 
 


A. 
It is process oriented and not result oriented.

 
B. 
It gives importance to one's nationality.

 
C. 
It creates economic and social mobility.

 
D. 
It reduces competitiveness.


 
22.
At the heart of the entrepreneurial process is a(n): 
 


A. 
rigid organizational structure.

 
B. 
resistance to ambiguity.

 
C. 
innovative spirit.

 
D. 
resistance to change.


 
23.
Who among the following is most likely to be called a philanthropist? 
 


A. 
Lydia, an entrepreneur, who acquires a foreign company

 
B. 
Ahmed, an entrepreneur, who exercises monopoly in the highly profitable oil and natural gas sector

 
C. 
Zainab, an entrepreneur, who funds the construction of a public school in her locality

 
D. 
Eric, an entrepreneur, who sells his innovation in the aviation industry


 
24.
What is true of the majority of America's self-made entrepreneurs? 
 


A. 
They accumulated their wealth through luck.

 
B. 
They are invisible to most Americans.

 
C. 
They fit the media stereotype.

 
D. 
They prefer social status to financial independence.


 
25.
Which of the following is a characteristic of private equity creation? 
 


A. 
It is a linear process.

 
B. 
It requires a long-term perspective.

 
C. 
It hinders entrepreneurship.

 
D. 
It targets quick returns on investments made over a short period of time.


 
26.
_____ is becoming a dominant management model for running nonprofit businesses and in the emerging field of social ventures. 
 
________________________________________

 
27.
_____ entrepreneurship means new venture creation. 
 
________________________________________

 
28.
_____ showed the highest rate of increase of any minority group in owning businesses according to the U.S. Census Bureau in 2007. 
 
________________________________________

 
29.
When successful entrepreneurs get involved in the nonprofit sector directly by offering strategic assistance, like long-term planning and leveraging relationships to identify additional resources and facilitate partnerships, it is referred to as _____ philanthropy. 
 
________________________________________

 
30.
What is the impact of small firms in driving innovation in the United States?