Question 1

With regard to the importance of size, the attitude in 1955 seemed to be

Accepted Answer

A)   big firms are too rigid.
B)   big firms are usually inefficient.
C)   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.F) B) and D)
G) None of the above

Question 2

Which of the following describes what happened to total employment in Fortune 500 manufacturing firms during the period 1979-1993?

Accepted Answer

A)   It dropped nearly one-third.
B)   It dropped almost 80 percent.
C)   It stayed about the same throughout the period.
D)   It dropped sharply until the late 1980s after which it rebounded sharply and went beyond its original level.E) C) and D)
F) A) and D)

Question 3

Deregulation provided a major setback to entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 4

Managers who have lost their jobs due to corporate downsizing are likely to become entrepreneurs because

Accepted Answer

A)   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.
E)   none of the above.F) A) and D)
G) C) and D)

Question 5

were a societal invention to provide the needed human resource element to allow the industrial revolution to proceed.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is the lowest of the estimates of the number of businesses started in the Unites States in 2000?

Accepted Answer

A)   30,000
B)   130,000
C)   300,000
D)   1,000,000E) A) and B)
F) A) and C)

Question 7

Some writers claim that we may see fewer and fewer jobs in our economy in the future because

Accepted Answer

A)   people no longer want the stability that a job provides.
B)   unions have campaigned for the elimination of many jobs.
C)   modern technology makes it possible to eliminate many jobs.
D)   all of the above.E) A) and B)
F) A) and C)

Question 8

The relationship between economic change and entrepreneurship is

Accepted Answer

A)   one of incompatibility.
B)   unimportant because neither has much impact on the other.
C)   positive because entrepreneurship approaches change as an opportunity rather than a threat.
D)   all of the above.E) A) and D)
F) C) and D)

Question 9

Critics of the practice of downsizing say

Accepted Answer

A)   it is caused more by the greed of top management than by the need of the organization.
B)   many large layoffs have come in firms shortly after record profits have been achieved.
C)   many executives have bonus plans that are based on cost reductions that require getting rid of many employees.
D)   all of the above.E) A) and D)
F) None of the above

Question 10

The prospect of a long dependable career with a large organization

Accepted Answer

A)   is slimmer than it was 30 years ago.
B)   has suffered from frequent announcements of companies reducing their work force.
C)   is something that people cannot count on.
D)   all of the above.E) A) and C)
F) A) and B)

Question 11

Until rather recently, employment in a large corporation usually meant for the loyal employee

Accepted Answer

A)   bright career prospects.
B)   steadily improving earnings and benefits.
C)   secure retirement plans.
D)   all of the above.E) A) and B)
F) A) and C)

Question 12

The creation of new ventures has

Accepted Answer

A)   been the chief source of economic vigor for the last several years in the United States.
B)   been stymied by excessive government regulation.
C)   had little impact on the economy.
D)   a negative correlation with the level of education.E) All of the above
F) A) and C)

Question 13

The wave of deregulation of the late 1970s changed which of the following industries?

Accepted Answer

A)   Trucking
B)   Airlines
C)   Communication
D)   All of the above
E)   None of the aboveF) B) and E)
G) C) and D)

Question 14

number of people per business has been remarkably constant since the end of World War II.

Accepted Answer

A) True 
 B)False

Question 15

The historic changes in the world economy of the 1980s and 1990s have been part of

Accepted Answer

A)   the technosociety.
B)   the new world order.
C)   the entrepreneurial-controlled market.
D)   the free market decline.
E)   all of the above.F) B) and D)
G) A) and B)

Question 16

the heart of the new world order are changes in the way in which business is conducted.

Accepted Answer

A) True 
 B)False

Question 17

Because of the magnitude of economic problems in many parts of the world, the World Bank has withdrawn its support of programs fostering entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 18

The vitality of entrepreneurship versus that of big business during recent years has been

Accepted Answer

A)   about the same.
B)   greater.
C)   less.
D)   considerably less.E) B) and C)
F) A) and B)

Question 19

The biggest source of new jobs in recent years has been

Accepted Answer

A)   large firms.
B)   small firms.
C)   exporters.
D)   law enforcement.E) None of the above
F) All of the above

Exam 7: Entrepreneurship Today

were a societal invention to provide the needed human resource element to allow the industrial revolution to proceed.

Correct Answer
verified

Until rather recently, employment in a large corporation usually meant for the loyal employee

Correct Answer
verified

The vitality of entrepreneurship versus that of big business during recent years has been

Correct Answer
verified

number of people per business has been remarkably constant since the end of World War II.

Correct Answer
verified

The relationship between economic change and entrepreneurship is

Correct Answer
verified

Managers who have lost their jobs due to corporate downsizing are likely to become entrepreneurs because

Correct Answer
verified

Deregulation provided a major setback to entrepreneurship.

Correct Answer
verified

Because of the magnitude of economic problems in many parts of the world, the World Bank has withdrawn its support of programs fostering entrepreneurship.

Correct Answer
verified

The biggest source of new jobs in recent years has been

Correct Answer
verified

The historic changes in the world economy of the 1980s and 1990s have been part of

Correct Answer
verified

With regard to the importance of size, the attitude in 1955 seemed to be

Correct Answer
verified

Some writers claim that we may see fewer and fewer jobs in our economy in the future because

Correct Answer
verified

Which of the following describes what happened to total employment in Fortune 500 manufacturing firms during the period 1979-1993?

Correct Answer
verified

Which of the following is the lowest of the estimates of the number of businesses started in the Unites States in 2000?

Correct Answer
verified

the heart of the new world order are changes in the way in which business is conducted.

Correct Answer
verified

The creation of new ventures has

Correct Answer
verified

The prospect of a long dependable career with a large organization

Correct Answer
verified

The wave of deregulation of the late 1970s changed which of the following industries?

Correct Answer
verified

Critics of the practice of downsizing say

Correct Answer
verified

Exam 7: Entrepreneurship Today

were a societal invention to provide the needed human resource element to allow the industrial revolution to proceed.

Correct AnswerverifiedShow Answer

Until rather recently, employment in a large corporation usually meant for the loyal employee

Correct AnswerverifiedShow Answer

The vitality of entrepreneurship versus that of big business during recent years has been

Correct AnswerverifiedShow Answer

number of people per business has been remarkably constant since the end of World War II.

Correct AnswerverifiedShow Answer

The relationship between economic change and entrepreneurship is

Correct AnswerverifiedShow Answer

Managers who have lost their jobs due to corporate downsizing are likely to become entrepreneurs because

Correct AnswerverifiedShow Answer

Deregulation provided a major setback to entrepreneurship.

Correct AnswerverifiedShow Answer

Because of the magnitude of economic problems in many parts of the world, the World Bank has withdrawn its support of programs fostering entrepreneurship.

Correct AnswerverifiedShow Answer

The biggest source of new jobs in recent years has been

Correct AnswerverifiedShow Answer

The historic changes in the world economy of the 1980s and 1990s have been part of

Correct AnswerverifiedShow Answer

With regard to the importance of size, the attitude in 1955 seemed to be

Correct AnswerverifiedShow Answer

Some writers claim that we may see fewer and fewer jobs in our economy in the future because

Correct AnswerverifiedShow Answer

Which of the following describes what happened to total employment in Fortune 500 manufacturing firms during the period 1979-1993?

Correct AnswerverifiedShow Answer

Which of the following is the lowest of the estimates of the number of businesses started in the Unites States in 2000?

Correct AnswerverifiedShow Answer

the heart of the new world order are changes in the way in which business is conducted.

Correct AnswerverifiedShow Answer

The creation of new ventures has

Correct AnswerverifiedShow Answer

The prospect of a long dependable career with a large organization

Correct AnswerverifiedShow Answer

The wave of deregulation of the late 1970s changed which of the following industries?

Correct AnswerverifiedShow Answer

Critics of the practice of downsizing say

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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