Entrepreneurship 2
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Entrepreneurship 2
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25 Questions

1. Saving money by avoiding the expense of professional legal and accounting advice is often a mistake for entrepreneurs.
2. Because entrepreneurship is so time-consuming and energy-consuming, many entrepreneurs have trouble in their personal lives.
3. You would expect an entrepreneur who has a grand vision for the future to be more of a risk-taker than an entrepreneur who is using his or her venture simply as a source of income.
4. A context analysis sizes up the target market and evaluates possible competitors to the company.
5. When they first start out, most small entrepreneurial ventures have a very informal organizational structure.
6. A good way to ease into employee empowerment is to let employees share in decision making.
7. Since they are often overwhelmed by the pressure of decisions, one chore that most entrepreneurs never hesitate to delegate is decision making.
8. The more proactive you are, the more likely you are to be an entrepreneur.
9. Entrepreneurship is process of starting a new business to respond to an opportunity in the market.
10. It is a good idea for an entrepreneur to develop a network of trusted friends and advisors to help with problems and decisions.
11. An entrepreneurial venture that sees its competitive advantage in cost efficiency would tend to adopt an organic style organizational structure.
12. People with proactive personalities tend to react to their environment more than trying to change their environment.
13. Legal issues for an entrepreneurial organization are typically addressed after the organization is up and running.
14. Employee empowerment increases productivity but decreases employee motivation.
15. An entrepreneurial venture's advertising strategy would be included in the description of the business section of a full business plan.
16. The classic 'entrepreneurial personality' is a person who is high in self-confidence, motivation, and energy.
17. The two primary factors that affect the legal structure of an entrepreneurial organization are taxes and legal liability.
18. Selling an entrepreneurial venture is always a sign of failure.
19. Employee empowerment has little effect on an organization's profits or productivity.
20. When hiring, entrepreneurs are typically much less concerned with matching a candidate's values to the organization's organizational culture than traditional HRM managers.
21. One of the keys that distinguishes an entrepreneurial organization from a conventional organization is the concerted emphasis on growth.
22. Identifying opportunity is not a trait of a person with a proactive personality.
23. The leader of an entrepreneurial organization is like a jazz band leader because she controls every note that her 'musicians' play.
24. If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.
25. A command-and-control leadership style works best with an entrepreneurial organization that is organized in teams.

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