Entrepreneurial Behavior

Please choose the most appropriate answer for each sentence.
  • 1

    The term 'entrepreneur' was introduced to economics by Richard Cantillon in 1755; since then, entrepreneurship and its central ....., the entrepreneur, have been the focus of numerous studies, including the qualities of entrepreneurial behavior, and corporate entrepreneurship.

  • 2

    Recently, a new stream of literature has formed ..... strategic entrepreneurship (Hitt et al. 2002a; Meyer and Heppard).

  • 3

    This new area of research is different from what has been traditionally ..... as strategic management research.

  • 4

    Instead of focusing on the ..... that can be used to sustain competitive advantage (i.e., existing market position), strategic entrepreneurship is about recognizing and taking advantage of new profit opportunities.

  • 5

    A firm that manages for strategic flexibility and constant renewal is able to ..... above-average profits and thus is rewarded for its entrepreneurial behavior.

  • 6

    The return to entrepreneurial behavior is entrepreneurial rent, and unlike most factor costs, entrepreneurial rents are noncontractible; this is because the entrepreneur ..... judgments to allocate resources in an uncertain environment.

  • 7

    Because the judgments are framed in an uncertain environment, the judgments themselves are uncertain and are thus ex ..... noncontractible.

  • 8

    Because entrepreneurship is not as ..... as other factors, the analysis of payments to entrepreneurial behavior is complex.

  • 9

    The aim of Ross and Westgren's paper is to include entrepreneurship in a model of the firm while reducing this dimensionality to two categories, arbitrage and innovation; they highlight what the entrepreneur receives for these activities and what governs their ..... from the stream of profits.

  • 10

    Following this model, entrepreneurial rents are then ..... calculated for a three-site hog production farm.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!