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

 
TRUE

 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #11
 

 
12.
(p. 11-12)
Studies indicate that smaller firms generate twice as many innovations per research and development (R&D) dollar spent as the established multinationals. 
 
TRUE

 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #12
 

 
13.
(p. 14)
Value creation is a linear process as it requires a short-term perspective. 
 
FALSE

 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #13
 

 
14.
(p. 15)
Entrepreneurship will result in equal incomes among the masses. 
 
FALSE

 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #14
 

 
15.
(p. 15)
When the entrepreneurial process will take over, it will result in economic expansion and accompanying social mobility. 
 
TRUE

 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #15
 

 
16.
(p. 02)
Rick, an entrepreneur, is in the process of selecting a manager for his new venture. To successfully run the venture, who is he most likely to select? 
 


A. 
Fiona, who prefers minimal investment in human resources

 
B. 
Saeed, who complements the needs of the venture

 
C. 
Garcia, who views change and ambiguity as detrimental for the venture

 
D. 
Maria, who has a different vision for the venture


 
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Blooms: Apply
Level of Difficulty: 3 Hard
Spinelli - Chapter 01 #16
 

 
17.
(p. 05)
Which of the following is a critical factor in enhancing entrepreneurship? 
 


A. 
Restricting entrepreneurship at the regional level

 
B. 
Discouraging entrepreneurs from expressing competitiveness

 
C. 
Reducing restrictions that block the flow of finance

 
D. 
Removing programs based on "learning by doing"


 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #17
 

 
18.
(p. 05)
Which of the following is an entrepreneurial transformation that is changing the world? 
 


A. 
Entrepreneurship is now being discouraged in corporate America.

 
B. 
Entrepreneurship topics and related issues are being removed from the curricula of business schools as they are self-taught.

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

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


 
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Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #18
 

 
19.
(p. 06)
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.


 
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Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #19
 

 
20.
(p. 06)
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.