Answer the following statements true (T) or false (F)
1. Entrepreneurs typically have a much higher need for achievement and a stronger belief in personal control of destiny than do typical managers.
2. Opportunity entrepreneurs are those who start their own business out of a burning desire rather than because they lost a job.
3. Researcher Robert Katz determined that through education and experience managers acquire technical, conceptual, and human skills.
4. Having required technical skills is most important among top managers at the highest leadership levels.
1. FALSE
Both entrepreneurs and managers have a high need for achievement. Also characteristic of both is a belief in personal control of destiny.
2. TRUE
So-called opportunity entrepreneurs, about 89%, are those who start their own business out of a burning desire rather than because they lost a job. Unlike necessity types, they tend to be more ambitious and to start firms that can lead to high-growth businesses.
3. TRUE
In the mid-1970s, researcher Robert Katz found that through education and experience managers acquire three principal skills: technical, conceptual, and human.
4. FALSE
Having the requisite technical skills seems to be most important at the lower levels of management; that is, it is critical among first-line managers
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