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hich of the following is considered an adaptive response behaviour? An immigrant becoming an entrepreneur because of a lack of language and job skills An entrepreneur who had planned all his to own a business {c] Someone who quits a good job to become an entrepreneur {d} All of the above good job to become an entrepreneur {d} All of the above Advantages of entrepreneurship include fa} Autonomy {b} The challenge of a start-up {c} Control over personal financial situation {d} All of the above Advantages of entrepreneurship include {a} Freedom and independence to make decisions {b} Need for achievement {c} Need to be a jack of all trades {d} Process of starting a business

hich of the following is considered an adaptive response behaviour? An immigrant becoming an entrepreneur because of a lack of language and job skills An entrepreneur who had planned all his to own a business {c] Someone who quits a good job to become an entrepreneur {d} All of the above good job to become an entrepreneur {d} All of the above Advantages of entrepreneurship include fa} Autonomy {b} The challenge of a start-up {c} Control over personal financial situation {d} All of the above Advantages of entrepreneurship include {a} Freedom and independence to make decisions {b} Need for achievement {c} Need to be a jack of all trades {d} Process of starting a business

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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hich of the following is considered an adaptive response behaviour? An immigrant becoming an entrepreneur because of a lack of language and job skills An entrepreneur who had planned all his to own a business {c] Someone who quits a good job to become an entrepreneur {d} All of the above Advantages of entrepreneurship include {a} Autonomy {b} The challenge of a start-up {c} Control over personal financial situation {d} All of the above Advantages of entrepreneurship include {a} Freedom and independence to make decisions {b} Need for achievement {c} Need to be a jack of all trades {d} Process of starting a business Small businesses often have little margin for error because 45. 46. {a} The entrepreneur does not have the skills to turn the company around (b} The companies often operate on a thin financial margin {c} Mistakes are a sign of poor management {d} It decreases the entreprencur's autonomy In 1955, General Electric was the country's biggest company with nearly 10 billion in 47. sales {a} True {b} False While entrepreneurship can be seen in places around the world, it is most robust and pervasive in the United States {a} True {b} False The number of people per business has been remarkably constant since the end of World 48. 49. War II {a} True {b} False Deregulation provided a major setback to entrepreneurship 50. {a} True {b} False The improvements in our economy in the early 1990s have brought an end to corporate 51. downsizing {a} True {b} False At the heart of the new world order are changes in the way in which business is 52. conducted {a} True {b} False Jobs were a societal invention to provide the needed human resource element to allow the industrial revolution to proceed 53. {a} True {b} False Entrepreneurship requires a culture very much like that of the United States to survive 54. {a} True {b} False Because of the magnitude of economic problems in many parts of the world, the World Bank has withdrawn its support of programs fostering entreprencurship 55. {a} True {b} False The Microfinance Bank provides microloans for microenterprises 56. {a} True {b} False The historic changes in the world economy of the 1980s and 1990s have been part of {a} The techno society {b} The new world order {c} The entrepreneurial controlled market {d} The free market decline {e} All of the above 57.
Transcribed Image Text:hich of the following is considered an adaptive response behaviour? An immigrant becoming an entrepreneur because of a lack of language and job skills An entrepreneur who had planned all his to own a business {c] Someone who quits a good job to become an entrepreneur {d} All of the above Advantages of entrepreneurship include {a} Autonomy {b} The challenge of a start-up {c} Control over personal financial situation {d} All of the above Advantages of entrepreneurship include {a} Freedom and independence to make decisions {b} Need for achievement {c} Need to be a jack of all trades {d} Process of starting a business Small businesses often have little margin for error because 45. 46. {a} The entrepreneur does not have the skills to turn the company around (b} The companies often operate on a thin financial margin {c} Mistakes are a sign of poor management {d} It decreases the entreprencur's autonomy In 1955, General Electric was the country's biggest company with nearly 10 billion in 47. sales {a} True {b} False While entrepreneurship can be seen in places around the world, it is most robust and pervasive in the United States {a} True {b} False The number of people per business has been remarkably constant since the end of World 48. 49. War II {a} True {b} False Deregulation provided a major setback to entrepreneurship 50. {a} True {b} False The improvements in our economy in the early 1990s have brought an end to corporate 51. downsizing {a} True {b} False At the heart of the new world order are changes in the way in which business is 52. conducted {a} True {b} False Jobs were a societal invention to provide the needed human resource element to allow the industrial revolution to proceed 53. {a} True {b} False Entrepreneurship requires a culture very much like that of the United States to survive 54. {a} True {b} False Because of the magnitude of economic problems in many parts of the world, the World Bank has withdrawn its support of programs fostering entreprencurship 55. {a} True {b} False The Microfinance Bank provides microloans for microenterprises 56. {a} True {b} False The historic changes in the world economy of the 1980s and 1990s have been part of {a} The techno society {b} The new world order {c} The entrepreneurial controlled market {d} The free market decline {e} All of the above 57.
Among the changes occurring in the world economy of the 1980s and 1990s is/are Which is TRUE of entrepreneurship during the 1980s and 1990? a Technological changes {b} Increasing worldwide competition (c} Thousands of jobs being eliminated {d} All of the above e} None of the above (a} There has been an unparalleled reduction {b} It is a major source of vitality in today's world economy {c} It has started to emerge (d} All of the above {e} None of the above With regard to the importance of size, the attitude in 1955 seemed to be 60. {a} Big firms are too rigid {b} Big firms are usually inefficient {c} With size come great advantages that give a company great strength {d} Big firms can't attract good managers {e} None of the above By the 1950s entrepreneurship 61. {a} Was sweeping the country {b} Was regarded as much less important to our economy than big business {c} Had been victimized by unfair foreign competition {d} was the darling of Wall Street {e} None of the above 62. One of the transformations of business in the new world order is steady growth In {a} Agriculture {b} The Federal Government {c} Service industries {d} Manufacturing From the mid-50s to the mid-60s some foreign competition began to emerge, and as a result, big business in the United States {a} Barely seemed to notice {b} Immediately panicked {c} Went to the government for protection {d} Improved its methods of production {e} None of the above The vitality of entrepreneurship versus that of big business during recent years has been {a} About the same {b} Greater {c} Less {d} Considerably less The wave of deregulation of the late 1970s changed which of the following industries? {a} Trucking {b} Airlines {c} Communication {d} All of the above {e} None of the 63. 64. 65. above 66. The influence of foreign competition and deregulation in our cconomy during the past 20 to 30 years has {a} Been enormous {b} Changed the structure of American industry {c} Given opportunities to many entrepreneurs {d} All of the above {e} None of the above The deregulation of the late 1970s involved many parts of our economy and {a} Were aimed at protecting big lirms {b} Were particularly hard on small businesses {c} Resulted in the entry of many small firms into industries that for vears had been dominated by giant companies {d} Led to a wave of unlawful corporate behaviour Managers who have lost their jobs due to corporate downsizing are likely to become 67. 68. entrepreneurs because Sal They frequently have considerable experience {b} Their chances of getting a job as good as the one they lost are slim {c} They desire independence (d} All of the above The impact on the individual of the widespread loss of corporate jobs has been fa A loss of a sense of security {b} A reduction in traditional career opportunities {c} A greater likelihood to turn to entrepreneurship {d} All of the above The biggest source of new jobs in recent years has been (a} Large firms {b} Small firms {c} Exporters {d} Law enforcement 69. 70. The spread of entrepreneurship has been 71.
Transcribed Image Text:Among the changes occurring in the world economy of the 1980s and 1990s is/are Which is TRUE of entrepreneurship during the 1980s and 1990? a Technological changes {b} Increasing worldwide competition (c} Thousands of jobs being eliminated {d} All of the above e} None of the above (a} There has been an unparalleled reduction {b} It is a major source of vitality in today's world economy {c} It has started to emerge (d} All of the above {e} None of the above With regard to the importance of size, the attitude in 1955 seemed to be 60. {a} Big firms are too rigid {b} Big firms are usually inefficient {c} With size come great advantages that give a company great strength {d} Big firms can't attract good managers {e} None of the above By the 1950s entrepreneurship 61. {a} Was sweeping the country {b} Was regarded as much less important to our economy than big business {c} Had been victimized by unfair foreign competition {d} was the darling of Wall Street {e} None of the above 62. One of the transformations of business in the new world order is steady growth In {a} Agriculture {b} The Federal Government {c} Service industries {d} Manufacturing From the mid-50s to the mid-60s some foreign competition began to emerge, and as a result, big business in the United States {a} Barely seemed to notice {b} Immediately panicked {c} Went to the government for protection {d} Improved its methods of production {e} None of the above The vitality of entrepreneurship versus that of big business during recent years has been {a} About the same {b} Greater {c} Less {d} Considerably less The wave of deregulation of the late 1970s changed which of the following industries? {a} Trucking {b} Airlines {c} Communication {d} All of the above {e} None of the 63. 64. 65. above 66. The influence of foreign competition and deregulation in our cconomy during the past 20 to 30 years has {a} Been enormous {b} Changed the structure of American industry {c} Given opportunities to many entrepreneurs {d} All of the above {e} None of the above The deregulation of the late 1970s involved many parts of our economy and {a} Were aimed at protecting big lirms {b} Were particularly hard on small businesses {c} Resulted in the entry of many small firms into industries that for vears had been dominated by giant companies {d} Led to a wave of unlawful corporate behaviour Managers who have lost their jobs due to corporate downsizing are likely to become 67. 68. entrepreneurs because Sal They frequently have considerable experience {b} Their chances of getting a job as good as the one they lost are slim {c} They desire independence (d} All of the above The impact on the individual of the widespread loss of corporate jobs has been fa A loss of a sense of security {b} A reduction in traditional career opportunities {c} A greater likelihood to turn to entrepreneurship {d} All of the above The biggest source of new jobs in recent years has been (a} Large firms {b} Small firms {c} Exporters {d} Law enforcement 69. 70. The spread of entrepreneurship has been 71.
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