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Exam 1: The Entrepreneurial Mind-Set

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Question 21

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Define superficial similarities and structural similarities.Which of the two is considered the more challenging for entrepreneurs

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1.Superficial similarities exist when th...

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Question 22

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The moral support network is different from the professional support network in that:

A) a professional support network includes finding a mentor.
B) moral support is less important than professional support.
C) only the "cheering squad" provides moral support.
D) a moral support network comprises only of personal contacts.

E) All of the above
F) A) and B)

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Question 23

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In Stage Two of the McMullen-Shepherd Model:

Asking "How is this problem similar to problems I've already solved" is an example of a connection task. 

Explain the McMullen-Shepherd Model.

Entrepreneurial thinking partly is about reducing doubt as to whether an opportunity for someone is also an opportunity for them specifically,and/or processing feedback from action steps taken.

The question "What is this technology all about " is a comprehension question. 

The causal process of thinking:

An entrepreneur is rarely able to start a new business without some form of formal education. 

________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepreneurial process.

Density,in regards to a social network,refers to:

When entrepreneurs make do by applying combinations of the resources at hand to new problems and opportunities,this is known as:

Role models are individuals who give psychological support to the entrepreneur especially during the start-up phase. 

In the McMullen-Shepherd Model first-person opportunity beliefs come before third-person opportunity beliefs. 

Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone.

Perceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes. 

Describe sustainable entrepreneurship and give a few examples of economic,environmental,and social gains it can generate for others.

Which among the following aspects most affects an entrepreneur's perception of feasibility

Comprehension questions are designed to stimulate entrepreneurs to think about their own understanding of the nature of the environment. 

Superficial similarities exist when the underlying mechanisms of the technology resemble,or match,the underlying mechanisms of the market.