Ewing Kauffman took a risk when he started his company Marion Labs in 1950. 1.True2.FalseHow Ewing Kauffman ran his business illustrates corporate entrepreneurship. 1.True2.FalseEntrepreneurial opportunities are those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost. 1.True2.FalseEntrepreneurial action can be defined as those situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost. 1.True2.FalseThe McMullen-Shepherd Model helps identify the common traits of successful entreprenuers. 1.True2.FalseThe McMullen-Shepherd Model explains how knowledge and motivation influence two stages of entrepreneurial action. 1.True2.FalseSuperficial similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market. 1.True2.FalseStructural similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market. 1.True2.FalseBricolage is entreprenuers making do by applying combinations of the resources at hand to new problems and opportunities. 1.True2.FalseThe effectuation process starts with what one has and selects among possible outcomes. 1.True2.FalseThe casual process of thinking starts with what one has and selects among possible outcomes. 1.True2.FalseDemographics, ethnic origin, and marital status are examples of segmentation variables. 1.True2.FalsePrinciples of effectuation help entrepreneurs develop their cognitive adaptability. 1.True2.FalseThe question “What is this technology all about?” is a comprehension question. 1.True2.FalseComprehension questions are designed to stimulate entrepreneurs to think about their own understanding. 1.True2.FalseAsking “How is this problem similar to problems I’ve already solved” is an example of a connection task. 1.True2.FalseA reflection task would involve thinking about what strategies should be used to solve a problem. 1.True2.FalseEntrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky. 1.True2.FalsePerceived desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes. 1.True2.FalseAn entrepreneur is rarely able to start a new business without some form of formal education. 1.True2.FalseResearch indicates that male entrepreneurs tend to start their first significant venture in their middle 30s, while women entrepreneurs tend to do so in their early 30s. 1.True2.FalsePrevious start-up experience is a good predictor of starting subsequent businesses. 1.True2.FalseDissatisfaction with various aspects of one’s job often motivates the launching of a new venture. 1.True2.FalseMost entrepreneurs indicate that their most significant venture was not their first one. 1.True2.FalseRole models are individuals who give psychological support to the entrepreneur especially during the start-up phase. 1.True2.FalseRole models can include family members as well as industry professionals. 1.True2.FalseIn a social network there are two major properties, density and centrality. 1.True2.False