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8. When developing creative solutions to modern problems, entrepreneurs must a) go beyond merely using whatever has worked in the past b) limit the creative process to only profitable ventures c) remember what has worked in the past d) pay attention to limiting factors Answer: A

8. When developing creative solutions to modern problems, entrepreneurs must a) go beyond merely using whatever has worked in the past b) limit the creative process to only profitable ventures c) remember what has worked in the past d) pay attention to limiting factors Answer: A

Management, Loose-Leaf Version
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter6: Managing Start-Ups And New Ventures
Section: Chapter Questions
Problem 1SGB
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8. When developing creative solutions to modern problems, entrepreneurs must a) go beyond merely using whatever has worked in the past b) limit the creative process to only profitable ventures c) remember what has worked in the past d) pay attention to limiting factors Answer: A 9. Research shows that anyone can learn to be creative. The problem is a) many organizations fail to foster an environment that encourages creativity b) most people never tap into their pools of innate creativity c) most people have never been taught to be creative d) All of the above Answer: D 10. A business plan is a written summary of a) an entrepreneur's proposed business venture b) a business venture's operational, financial, and marketing details c) the skills and abilities of a business venture's managers d) All of the above
Transcribed Image Text:8. When developing creative solutions to modern problems, entrepreneurs must a) go beyond merely using whatever has worked in the past b) limit the creative process to only profitable ventures c) remember what has worked in the past d) pay attention to limiting factors Answer: A 9. Research shows that anyone can learn to be creative. The problem is a) many organizations fail to foster an environment that encourages creativity b) most people never tap into their pools of innate creativity c) most people have never been taught to be creative d) All of the above Answer: D 10. A business plan is a written summary of a) an entrepreneur's proposed business venture b) a business venture's operational, financial, and marketing details c) the skills and abilities of a business venture's managers d) All of the above
1. Which of the following is not associated with an entrepreneur? a) Making business decisions b) Organizing resources c) Taking risks d) Working for other people. 2. Which of the following is most likely to be a characteristic of a successful entrepreneur? a) Disorganized b) Indecisive c) Irresponsible d) Self-motivated 3. Which of the following is a benefit or reward to starting your own business? a) Emotional stress b) Financial security c) Independence d) Less time to spend on leisure activities. 4. One of the most significant economic developments in recent business history relates to the a) growth of blue-chip corporations b) development of Pacific Rim countries c) entrepreneurial spirit d) additional employment opportunities offered by government institutions 5. The recent number of job losses in large corporations compared to the jobs created by small business has changed the perception of for launching a new business. a) prestige b) risk c) financing opportunities d) short-term potential 6. The profile of an entrepreneur includes a) a desire for responsibility and moderate risk b) confidence in the ability to succeed and determination c) a high level of energy, a desire for immediate feedback and a future orientation d) All the above Answer: D 7. Creativity often involves creating something from nothing. However, it is more likely to result in a) elaborating on the present b) putting old things together in new ways c) taking something away to create something simpler or better d) All of the above Answer: D
Transcribed Image Text:1. Which of the following is not associated with an entrepreneur? a) Making business decisions b) Organizing resources c) Taking risks d) Working for other people. 2. Which of the following is most likely to be a characteristic of a successful entrepreneur? a) Disorganized b) Indecisive c) Irresponsible d) Self-motivated 3. Which of the following is a benefit or reward to starting your own business? a) Emotional stress b) Financial security c) Independence d) Less time to spend on leisure activities. 4. One of the most significant economic developments in recent business history relates to the a) growth of blue-chip corporations b) development of Pacific Rim countries c) entrepreneurial spirit d) additional employment opportunities offered by government institutions 5. The recent number of job losses in large corporations compared to the jobs created by small business has changed the perception of for launching a new business. a) prestige b) risk c) financing opportunities d) short-term potential 6. The profile of an entrepreneur includes a) a desire for responsibility and moderate risk b) confidence in the ability to succeed and determination c) a high level of energy, a desire for immediate feedback and a future orientation d) All the above Answer: D 7. Creativity often involves creating something from nothing. However, it is more likely to result in a) elaborating on the present b) putting old things together in new ways c) taking something away to create something simpler or better d) All of the above Answer: D
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