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Exam 1: The Entrepreneurial Mind-Set

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Question 21

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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) C) and D)
F) B) and C)

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Question 22

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The causal process of thinking:

A) starts with a desired outcome and focuses on the possible means to generate that outcome.
B) starts with what one has and selects among possible outcomes.
C) involves bricolage.
D) starts with brainstorming by meeting with industry professionals.

E) A) and C)
F) B) and C)

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Question 23

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

In Stage Two of the McMullen-Shepherd Model:

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

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