Entrepreneurship: Theory, Process, and Practice 10th Edition by Donald F. Kuratko Test bank
CHAPTER 1: ENTREPRENEURSHIP: EVOLUTIONARY DEVELOPMENT-REVOLUTIONARY IMPACT
True/False:
- Entrepreneurs are aggressive catalysts for change within the marketplace.
- During the past ten years, new business incorporations averaged nearly 600,000 per year.
ANS: T
- A “gazelle” is a business establishment with at least 20 percent sales growth every year for five years.
- Gazelles are almost always high tech.
- The word entrepreneur is derived from the Spanish word entreprendre, meaning “to undertake.”
ANS: F
- Entrepreneurs are high risk takers.
- Entrepreneurs always start their business at a young age.
- Entrepreneurs are born not made.
- The “corridor principle” states that entrepreneurs often get stuck on one idea.
ANS: F
- The macro view of entrepreneurship includes external processes that are sometimes beyond the control of the entrepreneur.
Multiple Choice:
1. Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?
| a. | innovation |
| b. | job creation |
| c. | economic renewal |
| d. | unemployment |
ANS: D
2. Which of the following statements best describes a “gazelle?”
| a. | a business with at least 20 percent growth every year |
| b. | a business with no sales growth |
| c. | a business that has acquired numerous firms |
| d. | an inventor who turned business person |
3. The word entrepreneur is derived from the French entreprendre, which is translated as