TEST BANK FOR Launching New Ventures An Entrepreneurial Approach 8th Edition By Kathleen R. Allen Chapter 1-17 Chapter_01___Understanding_Entrepreneurship True / False 1. Entrepreneurship is a form of ''creative destruction.'' a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.1 Profile QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.01 - LO: 01.01 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 10/1/2018 12:26 AM 2. Entrepreneurship is simply starting a business. a. True b. False ANSWER: False POINTS: 1 REFERENCES: A-Head: 1.1 Profile QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.01 - LO: 01.01 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:04 AM 3. Entrepreneurship can be found in some form in every country, in every age group, and (increasingly) in women as often as in men. a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.1 Profile QUESTION TYPE: True / False HAS VARIABLES: False Copyright Cengage Learning. Powered by Cognero.
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LEARNING OBJECTIVES: ENTR.ALLN.20.01.01 - LO: 01.01 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:06 AM 4. The entrepreneurial process is typically a linear process. a. True b. False ANSWER: False POINTS: 1 REFERENCES: A-Head: 1.1 The Role of Entrepreneurship in the Economy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.02 - LO: 01.02 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:07 AM 5. Entrepreneurial ventures and small businesses are related, but they are not the same in most respects. a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.2 The Nature of Entrepreneurial Startups QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.03 - LO: 01.03 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:08 AM 6. The vital issue for entrepreneurs is not avoiding failure but minimizing the cost of a possible failure. a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.2 The Nature of Entrepreneurial Startups QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.03 - LO: 01.03 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:09 AM 7. Entrepreneurial ventures are responsible for job creation that is disproportionate to the net total new jobs created in the United States over the past 25 years. Copyright Cengage Learning. Powered by Cognero.
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a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.1 The Role of Entrepreneurship in the Economy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.02 - LO: 01.02 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:10 AM 8. The period of time prior to a firm's launch and startup is called the fuzzy front end. a. True b. False ANSWER: True POINTS: 1 REFERENCES: A-Head: 1.2 The Nature of Entrepreneurial Startups QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.03 - LO: 01.03 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:11 AM 9. Industries last forever. a. True b. False ANSWER: False POINTS: 1 REFERENCES: A-Head: 1.1 The Role of Entrepreneurship in the Economy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.02 - LO: 01.02 KEYWORDS: Bloom's: Remember DATE CREATED: 9/30/2018 11:11 AM DATE MODIFIED: 9/30/2018 11:12 AM 10. The word entrepreneur came into popular use in the United States during the 1990s. a. True b. False ANSWER: False POINTS: 1 REFERENCES: A-Head: 1.3 Why Entrepreneurship Is What It Is: A Brief History That You Need to Understand QUESTION TYPE: True / False Copyright Cengage Learning. Powered by Cognero.
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HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.04 - LO: 01.04 KEYWORDS: Bloom's: Remember DATE CREATED: 9/30/2018 11:13 AM DATE MODIFIED: 9/30/2018 11:14 AM Multiple Choice 11. As entrepreneurial firms achieve noticeable levels of success and a new industry grows, the industry generally becomes more _____ as a result of so many firms competing for position. a. stable b. unstable c. consolidated d. fragmented e. uniform ANSWER: d POINTS: 1 REFERENCES: A-Head: 1.1 The Role of Entrepreneurship in the Economy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.02 - LO: 01.02 KEYWORDS: Bloom's: Understand DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:07 PM 12. The _____ is known as the Decade of Entrepreneurship. a. 1950s b. 1960s c. 1970s d. 1980s e. 1990s ANSWER: d POINTS: 1 REFERENCES: A-Head: 1.3 Why Entrepreneurship Is What It Is: A Brief History That You Need to Understand QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.04 - LO: 01.04 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:08 PM 13. Which of the following is arguably the most important platform technology today? a. Digital anonymity b. Virtual reality c. Big data Copyright Cengage Learning. Powered by Cognero.
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d. Genomics e. Artificial intelligence ANSWER: e POINTS: 1 REFERENCES: A-Head: 1.4 Current Entrepreneurial Trends QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.05 - LO: 01.05 KEYWORDS: Bloom's: Analyze DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:15 PM 14. All of the following have been identified as key technology trends that will be the foundation for the next generation of entrepreneurial businesses EXCEPT a. foreign manufacturing. b. augmented reality. c. synthetic biology. d. artificial intelligence. e. virtual reality. ANSWER: a POINTS: 1 REFERENCES: A-Head: 1.4 Current Entrepreneurial Trends QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.05 - LO: 01.05 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:15 PM 15. A(n) _____ is a digital replica of a human or real-world entity. a. anonymous process b. virtual being c. digital twin d. immersive experience e. quantum computer ANSWER: c POINTS: 1 REFERENCES: A-Head: 1.4 Current Entrepreneurial Trends QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: ENTR.ALLN.20.01.05 - LO: 01.05 KEYWORDS: Bloom's: Remember DATE CREATED: 6/14/2018 11:36 AM DATE MODIFIED: 9/30/2018 11:15 PM 16. The late 1990s brought the "_____" bubble and the rush of the venture capital community to position itself for what Copyright Cengage Learning. Powered by Cognero.
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