a problem.
FALSE
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Difficulty: Medium
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20. (p. 17) Entrepreneurs have stronger intentions to act when taking action is perceived to be
impossible and risky.
FALSE
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Difficulty: Easy
21. (p. 17) Entrepreneurs' intentions are based on their perception of feasibility rather than
someone else's impression of whether it is feasible.
TRUE
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Difficulty: Easy
22. (p. 17) Perceived desirability refers to the degree to which an individual has a favorable or
unfavorable evaluation of the potential entrepreneurial outcomes.
TRUE
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Difficulty: Easy
23. (p. 18) An entrepreneur is rarely able to start a new business without some form of formal
education.
FALSE
Accessibility: Keyboard Navigation
Difficulty: Medium
24. (p. 18) Research indicates that male entrepreneurs tend to start their first significant venture in
their middle 30s, while women entrepreneurs tend to do so in their early 30s.
FALSE
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Difficulty: Medium
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25. (p. 19) Previous start-up experience is a good predictor of starting subsequent businesses.
TRUE
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Difficulty: Medium
26. (p. 19) Dissatisfaction with various aspects of one's job often motivates the launching of a new
venture.
TRUE
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Difficulty: Easy
27. (p. 19) Most entrepreneurs indicate that their most significant venture was not their first one.
TRUE
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Difficulty: Easy
28. (p. 19) Role models are individuals who give psychological support to the entrepreneur
especially during the start-up phase.
FALSE
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Difficulty: Hard
29. (p. 19-20) Role models can include family members as well as industry professionals.
TRUE
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Difficulty: Easy
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30. (p. 19) In a social network there are two major properties, density and centrality.
TRUE
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Difficulty: Medium
Multiple Choice Questions
31. (p. 6) Entrepreneurial Opportunities are defined as:
A. new market entry through entrepreneur action.
B. the entrepreneur's mental processes in deciding whether or not to act on a potential
opportunity.
C. a feasibility assessment.
D. situations in which new goods, services, raw materials and organizing methods can be sold
at greater than their production cost.
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Difficulty: Medium
32. (p. 6-7) 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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Difficulty: Medium
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33. (p. 6-7) In Stage Two of the McMullen-Shepherd Model:
A. the entrepreneur deals with the business failure through counseling.
B. the entrepreneur decides whether or not there is an opportunity for him or her personally.
C. the entrepreneur goes through the causal process of thinking structurally.
D. the entrepreneur consults colleagues from previous jobs.
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Difficulty: Medium
34. (p. 7) In regards to thinking structurally, superficial similarities:
A. exist when the underlying mechanisms of the technology resemble (or match) the underlying
mechanisms of the market.
B. exist when supply is less than demand.
C. exist when entrepreneurs engage in bricolage.