Which of the following is a key principle of effectuation? Question 7Answer a. affordable Loss Principle b. risk Aversion Principle c. causal Reasoning Principle d. proactive Planning Principle

What is the primary focus of effectuation?Question 13Answera.identifying opportunitiesb.minimizing riskc.maximizing profitsd.achieving economies of scale

Which of the following constructs from the Theory of Planned Behavior most influences behavioral intention and behavior? Select the correct answer BenefitsSubjective normsPerceived behavioral controlPerceived severityNone of the above

The idea that consequences of a behavior can increase or decrease the likelihood that a behavior will be repeated is referred to as which of the following?Multiple choice question.habituationclassical conditioningextinctionlaw of effect

What is the principle behind the law of effect in reinforcement theory?1 pointa. behavior followed by a pleasant consequence is likely to be repeated.b. behavior followed by an unpleasant consequence is likely to be repeated.c. all behaviors are equally likely to be repeated regardless of consequences.d. behaviors are not influenced by their consequences.

Which of the following best describes the approach of effectual entrepreneurs?Question 9Answera.They experiment and learn from failures.b.They pursue a predetermined market opportunity.c.They focus on predicting and controlling the future.d.They rely heavily on external expertise and resources.