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Each and every person has the potential and free choice to pursue a career as an entrepreneur.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

3. Determining a person’s “entrepreneurial perspective” is an exact science.

ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

4. Entrepreneurs are pessimists who see the cup half empty, rather than half full.

ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

5. The Academy of Management Review is an example of a journal used in entrepreneurial research.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

6. Government publications are used in researching small business.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30

7. Inexperience and incompetent management are the main reasons for failure.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29

8. Good entrepreneurs seek feedback from others.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31

9. A good trait for an entrepreneur is to be a calculated risk taker.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31

10. Most successful entrepreneurs have failed at one time or another.

ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31

11. Entrepreneurs do not need foresight.

ANS: F PTS: 1 NAT: AACSB Reflective
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