Entrepreneurship: Theory, Process, and Practice 10th Edition by Donald F. Kuratko Test bank
| a. | to apprehend |
| b. | to undertake |
| c. | to compete |
| d. | to enter and dare |
| a. | a lack of research about entrepreneurship |
| b. | a lack of interest in the field |
| c. | a total disregard for the truth |
| d. | a destructive attitude by government |
5. The “corridor principle” is best described by which of the following statements?
| a. | If at first you don’t succeed, try, try, again. |
| b. | Being in the right place at the right time. |
| c. | With every new venture launched, new and unintended opportunities arise. |
| d. | Luck happens when preparation meets opportunity. |
ANS: C
6. Which of the following is not a common myth about entrepreneurs?
| a. | Entrepreneurs are academic and social misfits. |
| b. | Entrepreneurs are doers, not thinkers. |
| c. | Entrepreneurs today are considered heroes. |
| d. | All you need is money to be an entrepreneur. |
| a. | Entrepreneurship is the ability to create and build a vision from practically nothing. |
| b. | Entrepreneurship is pure luck. |
| c. | Entrepreneurship is simply obtaining financing and starting a business. |
| d. | Entrepreneurship has nothing to do with creating incremental wealth. |
8. Michael Gerber, the author of The E-Myth, explains that the failure of most small businesses is due to:
| a. | owners being more technical rather than entrepreneurial |
| b. | owners being more managerial rather than technical |
| c. | owners being more entrepreneurial rather than managerial |
| d. | owners being more entrepreneurial rather than technical |