New Venture Creation Entrepreneurship for the 21st Century 10th Edition by Spinelli - Test Bank

1.

There is a role for entrepreneurship and innovation in debates about public policy. True or false? 
 
True    False

2.

A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains. 
 
True    False

3.

The best way to judge if anyone has an entrepreneurial mind is to test them. 
 
True    False

4.

Entrepreneurship training works well in schools of business and engineering, but has not proven to be useful in fields such as architecture, medicine, and life sciences. 
 
True    False

5.

MIT researcher David Birch found that while new and growing smaller firms could be regionally important, they had little effect on the economy as a whole. 
 
True    False

6.

While research has begun to show that women are starting businesses at a faster pace than men, women entrepreneurs are typically less growth-oriented than their male counterparts. 
 
True    False

7.

Research in the 1980s and 1990s found that since World War II, small entrepreneurial firms have been responsible for half of all innovation and 95 percent of all radical innovation in the United States. 
 
True    False

8.

Studies indicate that although smaller firms often generate twice as many innovations per R&D dollar spent as the established multinationals, the large firms still produce more innovations per R&D scientist than entrepreneurial companies. 
 
True    False

9.

The world's first solar-powered motor—an innovation aimed at heading off the world's dangerous dependence on coal—was introduced in 1861. 
 
True    False

10.

At the heart of the entrepreneurial process is: 
 

11.

What is it that entrepreneurs do? 
 

12.

R & D is more beneficial to: 
 

13.

Entrepreneurship: 
 

14.

What conditions are necessary for entrepreneurship to develop and grow? 
 

15.

One of the key features of entrepreneurship as the new management paradigm is: