Full file athttp://testbank360.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko CHAPTER 2: THE ENTREPRENEURIAL MINDSET IN INDIVIDUALS TRUE/FALSE 1. 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 This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher. Edition. with content that may be different from the U. determination. This may not be resold. Creativity was once regarded as an exclusively inherited trait. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29-30 14. direct observation. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 12. Full file at http://testbank360. copied. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 17. ANS: T PTS: 1 This edition is intended for use outside of the U. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 13. or distributed without the prior consent of the publisher. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 18. Entrepreneurs are fiercely independent but understand the need for a strong entrepreneurial team. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 15.S.S. Successful entrepreneurs fear failure the same way all people do. Selfishness and a need for power are two characteristics common in entrepreneurs. Commitment. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 11. .eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko 10. There are less than five types of printed research resources available on entrepreneur characteristics. speeches and presentations are all major sources of information that supply data related to the entrepreneurial perspective. Entrepreneurs do not need foresight. only. Most successful entrepreneurs have failed at one time or another. and perseverance are the only characteristics one needs to become a successful entrepreneur. Publications. Entrepreneurs typically have enough confidence to believe that they can make a difference in the final outcome of their ventures. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 16. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 32 19. There is a certain psychic risk involved with entrepreneurship. . The need to achieve can be a source of stress for entrepreneurs. Immersion in business can be cured by limiting work to an eight hour day. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 28. Entrepreneurs usually have an internal locus of control. Entrepreneurs always know that they as individuals must remain less important than the venture.S. This may not be resold. The entrepreneur is driven by a strong desire for control over their venture. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 25.S. There are many risks in entrepreneurship. or distributed without the prior consent of the publisher. Full file at http://testbank360. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 22. Stress on the entrepreneur can be caused both internally and by other people. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 24. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 38 29. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 23. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 26. The “dark side” of entrepreneurship refers to the stress that entrepreneur’s experience. There are four causes of entrepreneurial stress. copied.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 36 20. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 27. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 This edition is intended for use outside of the U. with content that may be different from the U. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 21. only. Edition. S. Books about entrepreneurs b.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko 30. c. or distributed without the prior consent of the publisher. Sources of information available to entrepreneurs include a. with content that may be different from the U. only. and government regulations. attending civic events. Lanny Harron and Harry Sapienza stated. rights. Entrepreneurs like to remain alert to competition. the entrepreneur’s expectations are not compared with the actual or perceived outcomes of the firm. moonlighting in another job. are never satisfied. c.” ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 33. Entrepreneurs a. regulations b. are driven by intense commitment and perseverance. . but this continual scanning of the environment can lead to a negative sense of distrust. duty ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. theories of organization creation that fail to address this notion are incomplete. are egomaniacs. d. ANS: F PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 45 MULTIPLE CHOICE 1. Which source of information about entrepreneurial characteristics is direct observation? a. free choice d. b. Edition. stupidity c. copied. According to the Model of Entrepreneurship Motivation. stubbornness. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 31. loners who never fit in to typical firms. casual conversation. Television biographies This edition is intended for use outside of the U. This may not be resold. Entrepreneurs are often unrealistically optimistic. d.S. customers. Every person has the and to pursue a career as an entrepreneur a. journals. “Because motivation plays an important part in the creation of new organizations. Biographies and entrepreneurs c. Full file at http://testbank360. b. Empirical research d. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 32. obligation. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 4. potential. initiative c. perseverance b. This may not be resold. Which of the following is not a trait of successful entrepreneurs? a. Biographies.S. or distributed without the prior consent of the publisher. and perseverance b. control and dominate. d. Edition. presentations b. c. Characteristics often attributed to the Entrepreneur include: a. . Full file at http://testbank360. b. with content that may be different from the U. water cooler conversation ANS: D PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 6. desire to achieve c. b. initiative d. compete. Prefers to be a loner c. innovation b. must daydream all day. copied. biographies d. think anything is possible. strategic thinking ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 11. Which is not a trait of a successful entrepreneur? a. textbooks c. and periodicals are examples of what research source? a. take great risks. primary research ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 7. ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 33 This edition is intended for use outside of the U.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 5. d. Commitment. direct observations c. watch others succeed. only. frustration d. c. Entrepreneurs with a drive to achieve want to a. Power hungry d. publications d. Which is not a source of entrepreneurship research? a. conferences b. Ability to be indecisive ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 8. are always working. trouble fitting in ANS: D PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 30 9.S. journals. can’t multi-task. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 32 10. determination. With persistent problem solving. entrepreneurs a. ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 32 16. d.S. the fear of failure common to all people. They see the cup half full rather than half empty. with content that may be different from the U. does nothing. textbooks on entrepreneurs d. b. trade journals ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 18. b. Full file at http://testbank360. a. Edition. news periodicals b. their focus on opportunity rather than resources. Which is not a source of information in an entrepreneurial profile? a. copied. This may not be resold.S. d.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko 12. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 36 15. word of mouth d. vision describes a. direct observation of practicing entrepreneurs c. involves including qualified people in the venture. c. speeches and presentations This edition is intended for use outside of the U. . luck b. the future. creativity c. Which of the following is a false statement about entrepreneurs? a. technical and professional journals c. Team building a. setting goals that are just out of reach. c. For entrepreneurs. They burn with the competitive desire to excel. eyesight. ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 17. people. They are achievers. d. is overrated. A clear pattern among successful entrepreneurs is a. or distributed without the prior consent of the publisher. working d. does not threaten the entrepreneur’s autonomy. Which of the following publications deal with research methodology and are tightly structured? a. reading ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 13. only. not fitting in to traditional organizations. b. One could correlate with a high energy level. where the entrepreneur wants to go. d. publications b. They do not use failure as a tool for learning. c. b. c. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 36 14. c. c. b. Their belief in their ability seldom wavers. b. responsibility. d. An entrepreneur can develop the vision of the company over time. d.S. One factor not found in high achievers is a. only. d. persistent problem-solving. Management skills are not important characteristics for entrepreneurs to possess. vision c. The entrepreneur needs a competent team to implement an idea. c. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 32. When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence. c. moderate risk taking. external locus of control. d. team building d. Which of the following is not a common characteristic of entrepreneurs? a. independence ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 21. d. or distributed without the prior consent of the publisher. c. Independence is a driving force behind contemporary entrepreneurs. . with content that may be different from the U. Entrepreneurs know where they want to go. b. Entrepreneurs want the authority to make important decisions. This may not be resold. failure to listen to feedback. b. Which of the following statements is false? a. high risk taking. lack of motivational drive b. Successful entrepreneurs strive to build a successful team around them. Edition. Which of the following statements is false? a. Compared to the owner. ANS: D PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 36 23. Full file at http://testbank360. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 This edition is intended for use outside of the U. b.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 19. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 24. 36 22. personnel are often more qualified to handle day-to-day implementation challenges. Entrepreneurs are born with the skills necessary to manage a business. Which of the following is a true statement about team building? a. copied. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 33 20.S. opportunity orientation. they are exhibiting a. The entrepreneur has the clearest vision in the firm. internal locus of control. Most successful entrepreneurs have highly qualified teams that handle everything having to do with the development of the venture. eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko 25. Which of the statements below is not a risk faced by entrepreneurs? This edition is intended for use outside of the U. High energy d. career. family. a. or distributed without the prior consent of the publisher. c. losing your sanity c. entrepreneurs need structure d. entrepreneurs are independent. Full file at http://testbank360. business. money b. Areas of risk to the entrepreneur include a. entrepreneurs want to belittle their competition b. psychic. What characteristic(s) that propel entrepreneurs into success can be exhibited to the “extreme”? a. entrepreneurs are problem solvers b. social.S. Edition. product.S. This may not be resold. adapting. cockiness level too high to be an entrepreneur d. Optimism c. entrepreneurs have a strong desire to know how well they are doing ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 33 27. Perseverance ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 29. psychic. they possess a (n) . physical. entrepreneurs want to improve d. . d. internal locus of control c. Which of the following is not associated with an entrepreneur seeking feedback? a. entrepreneurs are creative and innovative c. d. financial. b. entrepreneurs seek to learn from their competitors c. family. copied. If an entrepreneur believes in himself/herself and that their accomplishments and setbacks are within their own control. Desire for success e. One trait not common in entrepreneurs is: a. confidence level higher than most entrepreneurs b. yet like to build strong teams ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 28. market ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 30. With psychic risk you fear a. with content that may be different from the U. only. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 31. social. Overbearing need for control b. failure. high energy level ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 34 26. entrepreneurial stress is due to a. the a. strong desire to maximize sales revenue ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts TOP: pg 38 36. psychic risk b. the higher the rewards. b. Risk is never a good thing. both a and b. Full file at http://testbank360. career risk d. financial risk c.S. Which statement is most related to risk? a.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko a. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 38 34. Small business owners face many day-to-day risks. In starting or buying a new business. strong desire to maximize profit c. Which of the following may be the greatest risk to the well-being of the entrepreneur? a. Stress can be dealt with by: a. c. Which of the following is not a source of stress? a. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 33. c. b. working harder. financial risk d. greater the size of a business. caused by a big ego. with content that may be different from the U. Not securing a particular contract. smaller the enjoyment. success in business c. people problems This edition is intended for use outside of the U. Generally. only. This may not be resold. delegating.S. ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 38. d. b. ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 37. Not getting a bank loan. . being surrounded by incompetents. business risk b. networking. d. weaker desire to maximize profit d. profit-seeking activity is associated with: a. copied. or distributed without the prior consent of the publisher. Edition. family risk ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 35. In the Monroy-Folger Model of Risk Typology. c. Entrepreneurs run the risk of having an incomplete family experience. the discrepancy between the entrepreneur’s expectations and the ability to meet demands. d. greater the risk. social risk c. product risk ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 39 32. risk is then minimized. d. b. fear of failure. strong desire to minimize profit b. c. . people. The best antidote for relieving the stress involved with total immersion in business is a. b. b. c. Entrepreneurs with a sense of distrust a. d. probing personal unacknowledged needs b. This may not be resold. Full file at http://testbank360. loneliness. This edition is intended for use outside of the U. ignore everything. examine the business. c. need to achieve ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 44. fear. drive for success. taking too little responsibility d. getting away from it all. with content that may be different from the U. d. immersion in business d. family requirements ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 39. ignoring coping mechanisms d. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 41 42. loneliness. scan the environment. fear. b. acknowledging its existence c. Entrepreneurial stress can be caused by having a type A personality which can be defined as a. failure. competition. take characteristics that usually lead to success to the extreme. ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 45.S. taking a few days off ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 40. immersion in business. become fearful. people. what is the most ironic type of stress? a. The four major causes of entrepreneurial stress are a. having a chronic sense of time urgency c. networking. fear. Which of the following is not a way to combat stress? a. have a sense of pessimism. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 41. loneliness c. ignore government regulations. need to achieve. The entrepreneurial ego can cause the entrepreneur to a. only.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko b. take too few risks. delegating. competition. copied. b. getting away from business b. finding satisfaction outside the company. taking things personally ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 40 43. d.S. need to achieve. c. c. d. immersion in business d. According to the text. people problems b. Edition. pressure. or distributed without the prior consent of the publisher. size of business. Lanny Herron c. knowing when to take a vacation b. Bradley Johnson b. an external optimism c. a sense of distrust ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 48. Full file at http://testbank360. d. . Which of the following is not one of the four major traits that characterize the “dark side” of entrepreneurs? a. the energizers of the entrepreneurial process. When outcomes meet or exceed expectations. a sense of distrust d. a destructive force within the energetic drive of entrepreneurs. a need for control c. a new market ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 51. the relevant business environment d. the part of entrepreneurship that is most exciting. a misunderstanding about the results of entrepreneurship. or distributed without the prior consent of the publisher. both a and b b. the existence of a viable business idea c. another myth of entrepreneurship. Max DePree d. entrepreneurial motivation d. copied.S. with content that may be different from the U.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 46. Edition. entrepreneurial ego ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 52. ________________ was credited with stating. Which of the following is an aspect of the “dark side” of entrepreneurship? a. desire for success b. ANS: A PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 38 49. “Individuals are.S. only. the individual’s personal entrepreneurial mindset and an opportunity b. a.” a. _____________________ is positively reinforced. a desire for success d. entrepreneurial behavior c. after all. b. the entrepreneur’s outcomes meet their expectations This edition is intended for use outside of the U. The decision to behave entrepreneurially is the result of the interaction of: a. c. This may not be resold. bouts of euphoria ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 42 47. The “dark side” of entrepreneurship refers to a. Steven Covey ANS: C PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 50. Which is not a factor in the Model of Entrepreneurial Motivation? a. direct observations. Edition. Trends. wining awards ANS: D PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 45 53. Full file at http://testbank360. Direct observation is done through interviews. entrepreneurial behavior d. According to the Model of Entrepreneurial Motivation. Characteristics that are important to one individual may not be the same characteristics that are important to another. personal goals are met c. The last “dark side” trait is external optimism. or distributed without the prior consent of the publisher. he or she may begin using a fantasy approach to the business. Explain and discuss the “dark side” of entrepreneurship.S. Speeches and presentations are given by practicing entrepreneurs. the _____ is positively reinforced. only. A sense of distrust can cause the entrepreneur to lose sight of reality or focus on trivial things. a. ANS: The entrepreneurial profile has its destructive side. surveys. . implementation of the entrepreneurial plan meet the entrepreneurs outcome perceptions d.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko b. Discuss the specific areas of entrepreneurial risk. with content that may be different from the U. unrealistic optimism ANS: B PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 44 SHORT ANSWER 1. One characteristic is the drive to achieve.S. the dark side b. the need for control can become an obsession. and reports are ignored because the entrepreneur thinks everything will turn out fine. This may not be resold. PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts 3. copied. When the entrepreneur takes optimism to the extreme. The need for control can cause problems in networking and in an entrepreneurial team. facts. ANS: This edition is intended for use outside of the U. ANS: The three sources of research are publications. An entrepreneur’s desire for success can also be destructive if the individual becomes more important than the venture itself. and speeches or presentations. PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts 2. First. and the individual is motivated to continue to behave entrepreneurially. and case studies. when outcomes meet or exceed expectations. Name the three sources of research on entrepreneurs and explain five entrepreneurial characteristics that you feel are important. Publications include both research-based and popular sources. stressful behavior c. with content that may be different from the U. career risk.S. Another stress is immersion in business. but never have the time to go because the business would not allow it. developing coping mechanisms.eu/test-bank-introduction-to-entrepreneurship-8th-edition-kuratko The four areas of risk are financial risk. Another coping mechanism is to get away from it all. The last source of stress is the need to achieve. and probing for personal unacknowledged needs. Family and social risk are also to be considered. The entrepreneur usually attempts to accomplish too much and sometimes cannot manage to control the need for achievement. family and social risk. Although there are many people around the entrepreneur. or distributed without the prior consent of the publisher. People problems are another type of stress. These interludes help combat immersion in business. The entrepreneur can be aware of the concerns employees have about their jobs.S. The would-be entrepreneur frequently asks if he or she will be able to find a job or go back to a previous job. the money or resources will most likely be lost. PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts This edition is intended for use outside of the U. there are few in whom he can confide. There are five ways in which an entrepreneur can cope with stress. Finding satisfaction outside of the company is also important. The entrepreneur will probably sign obligations that exceed his or her personal wealth. Networking involves sharing experiences with other business owners. Full file at http://testbank360. This may not be resold. and psychic risk. Appropriate delegates need to be found and trained so the entrepreneur can gain time away from the business. The last way an entrepreneur can deal with stress is by delegating. First is networking. The first is loneliness. ANS: Entrepreneurs experience four types of stress. Edition. The entrepreneur needs to get away and enjoy life. The entrepreneur may get frustrated. financial risk deals with the amount of savings or resources that the entrepreneur puts into venture. disappointed. Name the sources of entrepreneurial stress and discuss the ways of dealing with stress. Communicating with subordinates may help to cope with stress. PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts 4. only. . If the venture is not successful. The new venture has no guarantees about career security. and aggravated by employees or other individuals upon whom the venture’s work depends. The second risk is career. The three steps an entrepreneur can take to reduce stress are acknowledging its existence. copied. Usually this happens when the entrepreneur’s expectations of a high performance are not met. First. A successful entrepreneur may make enough money for vacations.