New Venture Creation: Entrepreneurship for the 21st Century 9th Edition by Stephen Spinelli test ban
FALSE
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #7
8.
(p. 12)
While various surveys of high school seniors indicate a strong interest in entrepreneurship, a 2004 Gallup Poll showed that a large percentage of American parents would still prefer that their children pursue a less risky career.
FALSE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #8
9.
(p. 14)
Research in the 1980s and 1990s found that since World War II, small entrepreneurial firms have been responsible for half of all innovation and 95 percent of all radical innovation in the United States.
TRUE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #9
10.
(p. 14)
Studies indicate that although smaller firms often generate twice as many innovations per R&D dollar spent as the established multinationals, the large firms still produce more innovations per R&D scientist than entrepreneurial companies.
FALSE
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #10
11.
(p. 16)
The world's first solar-powered motor—an innovation aimed at heading off the world's dangerous dependence on coal—was introduced in 1861.
TRUE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #11
12.
(p. 2)
What was the primary concept that entrepreneur Rick Adam applied from his years as a software engineer in order to develop two separate aircrafts—the A-500 and the A-700—while maintaining a time-to-market advantage over more entrenched competitors?
A.
Economies of scale
B.
Modularity
C.
Process mapping
D.
Horizontal management structure
Blooms: Apply
Difficulty: 3 Hard
Spinelli - Chapter 01 #12
13.
(p. 4, 5)
According to the text, which of the following is an important emerging field that is helping large population groups break out of poverty?
A.
Philanthropy
B.
Mentorship
C.
Doctoral programs
D.
Microcredit
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #13
14.
(p. 5)
A European Union action plan to boost entrepreneurship in the region included all the following except:
A.
Improving the flow of finance
B.
Gearing entrepreneurs for growth and competitiveness
C.
Privatizing state-controlled enterprises
D.
Creating a more entrepreneurial-friendly regulatory and administrative framework
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #14
15.
(p. 11)
Which of the following is not a characteristic of new venture creation?
A.
Fosters job creation
B.
Rewards talent and performance
C.
Creates economic and social mobility
D.
All of the above are characteristics of new venture creation
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #15
16.
(p. 13, 14)
Which of the following was not a company that fostered the formation of a new industry?
A.
B.
Jiffy Lube
C.
Federal Express
D.
Skype
Blooms: Apply
Difficulty: 2 Medium
Spinelli - Chapter 01 #16
17.
(p. 15)
What do the authors refer to as the 'rocket fuel' of America's entrepreneurial engine?
A.
Government entrepreneurship programs
B.
Risk capital
C.
Entrepreneurship education
D.
Innovation
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #17