Traits of Composite Entrepreneurship: Minniti, Bygrave, Autio (2006)

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Questions and Answers

Who is known for purchasing McDonald's in 1961 and serving as its CEO from 1967 to 1973?

  • Conrad Hilton
  • Richard Branson
  • Ray Kroc (correct)
  • Albert Alavera

Which individual is associated with founding the Hilton Hotels chain?

  • Ray Kroc
  • Richard Branson
  • Conrad Hilton (correct)
  • Angela Songco

Who is known for being a British billionaire, entrepreneur, commercial astronaut, and business magnate?

  • Barbes Trinidad Pio
  • Richard Branson (correct)
  • Ray Kroc
  • Conrad Hilton

What is the significance of creativity according to the text?

<p>Helps with problem-solving (D)</p> Signup and view all the answers

Which activity does creativity NOT assist with based on the text?

<p>Confusing thoughts and feelings (B)</p> Signup and view all the answers

What technique involves encouraging individuals to see an idea or problem differently?

<p>Forced Analogy (D)</p> Signup and view all the answers

Which stage of the creative thinking process involves the actual generation of ideas?

<p>Illumination (B)</p> Signup and view all the answers

Which De Bono Thinking Hat focuses on critical thinking and negative aspects?

<p>Black (C)</p> Signup and view all the answers

What is the main goal of entrepreneurship according to Oxford Languages?

<p>Taking on financial risk for profit (C)</p> Signup and view all the answers

Which technique involves setting quotas requiring individuals to submit a specific number of ideas?

<p>Ideas Quotas (B)</p> Signup and view all the answers

In which stage of the creativity process do individuals lay out the plan for executing their ideas?

<p>Implementation (B)</p> Signup and view all the answers

According to Minniti, Bygrace, and Autio (2006), what is a likely characteristic of entrepreneurism?

<p>Being opportunity-driven (D)</p> Signup and view all the answers

What is a common challenge faced by early stage entrepreneurs as mentioned in the text?

<p>Having complete responsibility (B)</p> Signup and view all the answers

Who introduced the notion of spotting opportunity and acting upon it in entrepreneurship?

<p>Peter Drucker (B)</p> Signup and view all the answers

In the 21st century, what has led to a rise in economic importance and employment in the international service sector?

<p>'Outsourcing' by companies (D)</p> Signup and view all the answers

Which group is less likely to let fear of failure prevent them from starting a new business?

<p>Graduates with post-school qualifications (D)</p> Signup and view all the answers

What is the key role of the government in relation to entrepreneurship?

<p>Creating a conducive environment (B)</p> Signup and view all the answers

What did Richard Cantillon use to describe an entrepreneur in the 18th century?

<p>'Someone who bore risk, made plans, organized, and owned factors of production' (C)</p> Signup and view all the answers

How are small businesses defined?

<p>Privately owned with fewer employees and revenue (A)</p> Signup and view all the answers

What is a characteristic of small firms mentioned in the text?

<p>Often family-owned (B)</p> Signup and view all the answers

Which factor influences the speed of wealth creation in small businesses?

<p>Risk involved (C)</p> Signup and view all the answers

According to Zimmerer and Scarborough, what does 'culture' refer to?

<p>Shared beliefs, values, and morals (A)</p> Signup and view all the answers

What term is used to describe 'the arts, social institutions, and achievements of a particular nation'?

<p>'Culture' (D)</p> Signup and view all the answers

What does the term 'Culture' encompass?

<p>Knowledge, beliefs, arts, laws, customs, and habits of individuals (D)</p> Signup and view all the answers

Which economic development model is based on the Taylorian notion of 'economic rational man'?

<p>Modernization model (B)</p> Signup and view all the answers

What is one of Hofstede's cultural dimensions?

<p>Power Distance (D)</p> Signup and view all the answers

What is the main focus of the 'Dependency model' of economic development?

<p>Multinational corporations and developed nations as colonists (B)</p> Signup and view all the answers

What differentiates the 'Contingency' model from the Modernization and Dependency models?

<p>It suggests that development need not be defined by the developed world (A)</p> Signup and view all the answers

Which of the following is NOT one of Hofstede's cultural dimensions?

<p>'Economic Rationality' (A)</p> Signup and view all the answers

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