Chapter 11: Individual Perspectives: Beyond the ‘Heroic’ Entrepreneur

1. An entrepreneur establishing a new venture feels that its success will be determined by forces outside his/her control. Which individual level characteristics would this refer to ______.

  1. desire for autonomy
  2. risk-taking propensity
  3. locus of control
  4. fatalism

Answer: C

2. Entrepreneurs are big ‘risk-takers’.

  1. True
  2. False

Answer: B

Explanation

The belief in this personality characteristic is not supported by the research evidence.

3. Research on human cognition is concerned with the way in which people ______.

  1. form attitudes
  2. think
  3. behave
  4. run businesses

Answer: B

4. Which of the following are key themes from entrepreneurial cognition research?

  1. differences in biases; cognitive biases; perceived self-efficacy
  2. differences in cognition; cognitive creativity; perceived self-efficacy
  3. differences in creativity; cognitive biases; perceived self-efficacy
  4. differences in self-efficacy; cognitive biases; perceived creativity

Answer: A

5. Ernest Rutherford’s adoption of the image of the solar system as a model for explaining the structure of the hydrogen atom was an example of ______.

  1. combining concepts
  2. analogical reasoning
  3. fuzzy logic
  4. cognitive bias

Answer: B

6. According to Ravasi and Turati (2005), learning in an entrepreneurial context can be difficult for what reasons?

  1. locus of control; illusion of control; constraints
  2. analogical reasoning; illusion of control; reasoning by analogy
  3. ambiguity; multiple actors; constraints
  4. ambiguity; modes of learning; constraints

Answer: C

7. Which of the following isn’t an individual level entrepreneurial characteristic?

  1. need for achievement
  2. under optimism
  3. risk taking propensity
  4. desire for autonomy

Answer: B