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

 
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.


 
Accessibility: Keyboard Navigation
Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #20
 

 
21.
(p. 08)
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.


 
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Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #21
 

 
22.
(p. 11)
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.


 
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Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #22
 

 
23.
(p. 13)
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


 
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Blooms: Apply
Level of Difficulty: 3 Hard
Spinelli - Chapter 01 #23
 

 
24.
(p. 14)
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.


 
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Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #24
 

 
25.
(p. 14)
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.


 
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Blooms: Understand
Level of Difficulty: 2 Medium
Spinelli - Chapter 01 #25
 

 
26.
(p. 05)
_____ is becoming a dominant management model for running nonprofit businesses and in the emerging field of social ventures. 
 
Entrepreneurship

 
Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #26
 

 
27.
(p. 08)
_____ entrepreneurship means new venture creation. 
 
Classical

 
Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #27
 

 
28.
(p. 08)
_____ showed the highest rate of increase of any minority group in owning businesses according to the U.S. Census Bureau in 2007. 
 
African Americans/Blacks

 
Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #28
 

 
29.
(p. 13-14)
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. 
 
high-engagement

 
Blooms: Remember
Level of Difficulty: 1 Easy
Spinelli - Chapter 01 #29