Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 3. (p. 05) Entrepreneurship training works well in schools of business and engineering, but it has not proven to be useful in fields such as architecture, medicine, and life sciences. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 4. (p. 06) Entrepreneurship educators believe that expertise, wisdom, and knowledge are housed solely in the faculty brain or in the library. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 5. (p. 06) The best entrepreneurship faculties are generally able to determine in advance who their incoming students will be the most effective entrepreneurs. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 6. (p. 07) David Birch, an MIT researcher, found that new and growing smaller firms had little effect on the economy as a whole. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 7. (p. 08) According to the U.S. Small Business Administration's Office of Advocacy, small firms accounted for all of the net new jobs in 2010. TRUE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 8. (p. 08) A 2010 report by The Guardian Life Small Business Research Institute indicated that women-owned businesses have been steadily decreasing over the past few decades. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 9. (p. 08) various surveys of high school seniors indicate a strong interest in entrepreneurship, a 2004 Gallup Poll showed that a large percentage of American parents would prefer that their children pursue a less risky career. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy
10. (p. 09) According to a study conducted in 2006, the self-employed report the lowest levels of personal satisfaction, challenge, pride, and remuneration. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 11. (p. 11) Research in the 1980s and 1990s found that since World War II, small entrepreneurial firms have been responsible for half of all innovation and a large percentage of all radical innovation in the United States. TRUE Accessibility: Keyboard Navigation Blooms: Remember of Difficulty: 1 Easy 12. (p. Studies indicate that smaller firms generate twice as many innovations per research and development (R&D) dollar spent as the established multinationals. TRUE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 13. (p. 14) Value creation is a linear process as it requires a short-term perspective. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 14. (p. 15) Entrepreneurship will result in equal incomes among the masses. FALSE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy 15. (p. 15) When the entrepreneurial process will take over, it will result in economic expansion and accompanying social mobility. TRUE Accessibility: Keyboard Navigation Blooms: Remember Level of Difficulty: 1 Easy Multiple Choice Questions 16. (p. 02) Rick, an entrepreneur, is in the process of selecting a manager for his new venture. To successfully run the venture, who is he most likely to select?