< International Monetary and Financial Economics MCQs Questions >

Ewing Kauffman took a risk when he started his company Marion Labs in 1950.
1. True
2. False
How Ewing Kauffman ran his business illustrates corporate entrepreneurship.
1. True
2. False
Entrepreneurial opportunities are those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.
1. True
2. False
Entrepreneurial action can be defined as those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.
1. True
2. False
The McMullen-Shepherd Model helps identify the common traits of successful entreprenuers.
1. True
2. False
The McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action.
1. True
2. False
Superficial similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.
1. True
2. False
Structural similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market.
1. True
2. False
Bricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities.
1. True
2. False
The effectuation process starts with what one has and selects among possible outcomes.
1. True
2. False
The casual process of thinking starts with what one has and selects among possible outcomes.
1. True
2. False
Demographics, ethnic origin, and marital status are examples of segmentation variables.
1. True
2. False
Principles of effectuation help entrepreneurs develop their cognitive adaptability.
1. True
2. False
The question "What is this technology all about?" is a comprehension question.
1. True
2. False
Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding.
1. True
2. False
Asking "How is this problem similar to problems I've already solved" is an example of a connection task.
1. True
2. False
A reflection task would involve thinking about what strategies should be used to solve a problem.
1. True
2. False
Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.
1. True
2. False
Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.
1. True
2. False
An entrepreneur is rarely able to start a new business without some form of formal education.
1. True
2. False
Research indicates that male entrepreneurs tend to start their first significant venture in their middle 30s, while women entrepreneurs tend to do so in their early 30s.
1. True
2. False
Previous start-up experience is a good predictor of starting subsequent businesses.
1. True
2. False
Dissatisfaction with various aspects of one's job often motivates the launching of a new venture.
1. True
2. False
Most entrepreneurs indicate that their most significant venture was not their first one.
1. True
2. False
Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase.
1. True
2. False
Role models can include family members as well as industry professionals.
1. True
2. False
In a social network there are two major properties, density and centrality.
1. True
2. False