Entrepreneurship: The Practice and Mindset 1st Edition Test Bank

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Instructor ResourceNeck,EntrepreneurshipSAGE Publishing, 2018Chapter 1:Entrepreneurship: A Global Social MovementTest BankMultiple Choice1.The authors defineentrepreneurshipas______.a.adiscipline that seeks to understand how opportunities are discovered, created, andexploited, by whom,and with what consequencesb.starting asmallbusinessby finding investors and launching a productc.developing a new marketby creating a product that does not currently existd.a mindsetthat compels people to start multiple ventures throughout a lifetime.Ans:ALearning Objective:1.1.Explain the importance of action and practice inentrepreneurship.Cognitive Domain:KnowledgeAnswer Location:Entrepreneurship Requires Action and PracticeDifficulty Level:MediumAACSB Standard:Reflective thinking2.______ aresmall, short-term loansoften associated with entrepreneurs in developingcountriesa.no-interest loansb.high-interest loansc.microloansd.miniloansAns:CLearning Objective:1.1.Explain the importance of action and practice inentrepreneurship.Cognitive Domain:KnowledgeAnswer Location:Entrepreneurship Requires Action and PracticeDifficulty Level:MediumAACSB Standard: Financialtheories, analysis, reporting and markets3. This is the discipline that seeks to understand how opportunities are discovered,created, and exploited, by whom, and with what consequences.a. imagineeringb. storyboardingc. social engineeringd. entrepreneurshipAns:DLearning Objective: 1.1. Explain the importance of action and practice inentrepreneurship.Cognitive Domain: Knowledge

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Entrepreneurship: The Practice And ...

Entrepreneurship: The Practice and Mindset 1st Edition Test Bank

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