Module 3 Flashcards

1
Q

Entrepreneur as risk bearer, who is seeking arbitrage.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).

A

a.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Entrepreneur has specific personal characteristics and is a coordinator of production resources.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).

A

b.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Entrepreneur has a strong need fo achievement, applied in the field of business and education plays an important role.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).

A

c.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Entrepreneurs need to:
a. Effectuate
b. Avoid overconfidence and understand other cultures.
c. Learn from failures.
d. Speak more than one language to travel the world.
e. All of the above.

A

a.b.c.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

True or false. Entrepreneurs tend to use a causal process more often than an effectuation process.

A

False. They tend to use an effectuation process more.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Starts with a desired outcome. Focuses on the means to generate that outcome.
a. Causal process
b. Effectuation process

A

a.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Starts with what one has. Selects among possible outcomes.
a. Causal process
b. Effectuation process

A

b.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Principles of effectuation: link numbers to letters
1. Bird-in-hand
2. Crazy quilt
3. Lemodade
4. Affordable loss
5. Pilot-in-the-plane

a. Prescribes committing in advance to what one is willing to lose rather than investing in calculations about expected returns to the project.
b. Prescribes leveraging surprises for benefits rather than trying to avoid them, overcome them, or adapt to them.
c. Urges relying on and working with people as the prime driver of opportunity rather tha limiting entrepreneurial efforts to exploiting factors external to the individual.
d. Means-driven action, emphasizes creation of something new with existing means rather than discovering new ways to achieve given goals.
e. Involves negotiating with any and all stakeholders who are willing to make actual commitments to the projects, without worrying about opportunity costs, or carrying out elaborate competitive analyses.

A

1d
2e
3b
4a
5c

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is overconfidence caused by / leads to?
a. Behavioral anomalies
b. Increased risk of failure
c. Negative information
d. Positive information
e. All of the above

A

a.b.c.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What can contribute to failure among entrepreneurial firms?

A

Uncertainty, changing conditions, insufficient experience

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

True or false. Grief can interfere with the entrepreneur’s ability to learn from the failure, and can increase motivation to try again.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Working through, and processing, some aspect of the loss experience and, as a result of this process, breaking bonds with the object loss.
a. Loss-oriented
b. Restoration-oriented

A

a.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Based on both avoidance and a proactiveness towards secondary sources of stress arising from a major loss.
a. Loss-oriented
b. Restoration-oriented

A

b.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

True of false. Entrepreneurial intentions can be determined by motivational factors that influence individuals to pursue entrepreneurial outcomes.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Conviction that one can successfully execute the entrepreneurial process.
a. Perceived desirability
b. Entrepreneurial self-efficacy

A

b.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.
a. Perceived desirability
b. Entrepreneurial self-efficacy

A

a.

17
Q

Which one of those is not a culture dimension:
1. Long-term orientation
2. Feminity
3. Individualism
4. Power distance
5. Uncertainty avoidance
6. Indulgence

A

2.

18
Q

The degree to which the members of a culture or society orient their thinking towards the more distant future versus today.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

1.

19
Q

The degree of rigidity in the relations of individuals within a society.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

2.

20
Q

The inequality of the distribution of power.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

3.

21
Q

Measures the distribution of roles between genders.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

4.

22
Q

Measures a society’s tolerance for ambiguity and uncertainty.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

5.

23
Q

Measures the polarization against restraint.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence

A

6.

24
Q

Classifying countries by distinguishing a secular-rational values dimension on which one extreme is
characterized by importance of religion, deference to authority, absolute standards and traditional
family values, and the opposite, secular-rational, extreme by opposing preferences.
1. World Values Survey (WVS)
2. Global Leadership and Organizational Behavior Effectiveness (GLOBE)

A

1.

25
Q

The second main dimension relates to a polarization between survival and self-expression, where
the former emphasizes economic and physical security, and the latter perceived well-being and
subjective quality of life.
1. World Values Survey (WVS)
2. Global Leadership and Organizational Behavior Effectiveness (GLOBE)

A

1.

26
Q

Approach to gauge intercultural differences based on the evaluation of the following cultural dimensions:
performance orientation, assertiveness, future orientation, humane orientation, institutional collectivism,
in-group collectivism, gender egalitarianism, power distance and uncertainty avoidance.
1. World Values Survey (WVS)
2. Global Leadership and Organizational Behavior Effectiveness (GLOBE)

A

2.

27
Q

Based on the notion that leadership in a particular country is based on the culture of that country.
1. World Values Survey (WVS)
2. Global Leadership and Organizational Behavior Effectiveness (GLOBE)

A

2.

28
Q

What makes an entrepreneur?
a. Education
b. Richness
c. Intelligence
d. Age
e. Work experience
f. All of the above

A

a.d.e.

29
Q

Improved industry and founding specific knowledge. Role it plays in helping entrepreneurs to cope with the problems they confront. Better ability to communicate clearly.
a. Education
b. Age
c. Work experience

A

a.

30
Q

Most entrepreneurs initiate their entrepreneurial careers between the ages of 22 and 45. Entrepreneurial experience is one of the best success factors. Entrepreneurial support networks are an important predictor that is partly driven by age.
a. Education
b. Age
c. Work experience

A

b.

31
Q

Dissatisfaction with aspects of one’s job often motivate the launch of a new venture. Previous technical and industry experience is important once a decision to launch is made. Previous start-up experience is a relatively good predictor of starting subsequent businesses, and related to that role models such as parents, family members, or other entrepreneurs you may know.
a. Education
b. Age
c. Work experience

A

c.

32
Q

In which areas is functional experience important?
a. Financing
b. Communication
c. Product or service development
d. Manufacturing
e. Development of distribution channels
f. Preparation of a marketing plan
g. Telecommunication
h. All of the above

A

a.c.d.e.f.