Question 1

By definition,owning a business,means that you are an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 2

Gambling is comparable to entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 3

A motivation for becoming an entrepreneur is the desire for improved quality of life.

Accepted Answer

A) True 
 B)False

Question 4

Entrepreneurs may also perform a managerial role,but their overriding responsibility is to use the resources of their organizations to accomplish their goals.

Accepted Answer

A) True 
 B)False

Question 5

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Accepted Answer

A) True 
 B)False

Question 6

Entrepreneurs must repay the money sourced through angel investors.

Accepted Answer

A) True 
 B)False

Question 7

The business start-up PK Clean,launched by Priyanka Bakaya in Salt Lake,Utah,can be identified as an example of

Accepted Answer

A) intrapreneurship. 
B) skunkworks. 
C) social entrepreneurship. 
D) serial entrepreneurship. 
A) intrapreneurship. 
B) skunkworks. 
C) social entrepreneurship. 
D) serial entrepreneurship.

Question 8

Which of the following statements best describes how entrepreneurs view failure?

Accepted Answer

A) They enjoy risk and gambling. 
B) They are easily discouraged when things don't go as planned. 
C) They view failure as a learning experience. 
D) They worry that if they fail they'll never get another opportunity. 
A) They enjoy risk and gambling. 
B) They are easily discouraged when things don't go as planned. 
C) They view failure as a learning experience. 
D) They worry that if they fail they'll never get another opportunity.

Question 9

Which of the following are specific geographic areas designated for economic revitalization?

Accepted Answer

A) Economic stimulus zones 
B) Enterprise zones 
C) Commerce areas 
D) Investor zones 
A) Economic stimulus zones 
B) Enterprise zones 
C) Commerce areas 
D) Investor zones

Question 10

All of the following are important characteristics of entrepreneurs EXCEPT

Accepted Answer

A) tolerance for failure. 
B) internal locus of control. 
C) creativity. 
D) dependence on others. 
A) tolerance for failure. 
B) internal locus of control. 
C) creativity. 
D) dependence on others.

Question 11

Rodrigues routinely bids on contracts even though most of the other bidders are extremely large firms.Rodrigues believes his company offers better service at lower prices.Which of the following personality traits,common in entrepreneurs,does Rodrigues exhibit?

Accepted Answer

A) Creativity 
B) Tolerance for failure 
C) High energy level 
D) Self-confidence 
A) Creativity 
B) Tolerance for failure 
C) High energy level 
D) Self-confidence

Question 12

______ is LEAST likely to become an entrepreneur.

Accepted Answer

A) A person with tolerance for ambiguity 
B) A person with internal locus of control 
C) A person with a competitive drive 
D) A person with low energy level 
A) A person with tolerance for ambiguity 
B) A person with internal locus of control 
C) A person with a competitive drive 
D) A person with low energy level

Question 13

Social entrepreneurs recognize a societal problem and use business principles to develop innovative solutions.

Accepted Answer

A) True 
 B)False

Question 14

Denzel is a wealthy person who focuses on investing in new ventures.He is looking to invest money directly into a new consulting business in return for equity in the company.Denzel is

Accepted Answer

A) franchisor. 
B) stock broker. 
C) angel investor. 
D) franchisee. 
A) franchisor. 
B) stock broker. 
C) angel investor. 
D) franchisee.

Question 15

Most entrepreneurs,in the past,started their ventures without creating formal business plans.

Accepted Answer

A) True 
 B)False

Question 16

Entrepreneurs take necessary risks to set up and operate a business.

Accepted Answer

A) True 
 B)False

Question 17

Classic entrepreneurs start one business,run it,and then start and run additional businesses in succession.

Accepted Answer

A) True 
 B)False

Question 18

Lilly started her own business because she was tired of worrying about corporate downsizing despite her highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 19

Growth in entrepreneurship is a worldwide phenomenon.

Accepted Answer

A) True 
 B)False

Question 20

Entrepreneurs have an external locus of control,which means they believe that they control their own destinies.

Accepted Answer

A) True 
 B)False

By definition,owning a business,means that you are an entrepreneur.

Gambling is comparable to entrepreneurship.

A motivation for becoming an entrepreneur is the desire for improved quality of life.

Entrepreneurs may also perform a managerial role,but their overriding responsibility is to use the resources of their organizations to accomplish their goals.

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Entrepreneurs must repay the money sourced through angel investors.

The business start-up PK Clean,launched by Priyanka Bakaya in Salt Lake,Utah,can be identified as an example of

Which of the following statements best describes how entrepreneurs view failure?

Which of the following are specific geographic areas designated for economic revitalization?

All of the following are important characteristics of entrepreneurs EXCEPT

Rodrigues routinely bids on contracts even though most of the other bidders are extremely large firms.Rodrigues believes his company offers better service at lower prices.Which of the following personality traits,common in entrepreneurs,does Rodrigues exhibit?

______ is LEAST likely to become an entrepreneur.

Social entrepreneurs recognize a societal problem and use business principles to develop innovative solutions.

Denzel is a wealthy person who focuses on investing in new ventures.He is looking to invest money directly into a new consulting business in return for equity in the company.Denzel is

Most entrepreneurs,in the past,started their ventures without creating formal business plans.

Entrepreneurs take necessary risks to set up and operate a business.

Classic entrepreneurs start one business,run it,and then start and run additional businesses in succession.

Lilly started her own business because she was tired of worrying about corporate downsizing despite her highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

Growth in entrepreneurship is a worldwide phenomenon.

Entrepreneurs have an external locus of control,which means they believe that they control their own destinies.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Business Today

Competing in World Markets

Forms of Business Ownership and Organization

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment,teamwork,and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters

Exam 6: Starting Your Own Business: the Entrepreneurship Alternative

By definition,owning a business,means that you are an entrepreneur.

Gambling is comparable to entrepreneurship.

A motivation for becoming an entrepreneur is the desire for improved quality of life.

Entrepreneurs may also perform a managerial role,but their overriding responsibility is to use the resources of their organizations to accomplish their goals.

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Entrepreneurs must repay the money sourced through angel investors.

The business start-up PK Clean,launched by Priyanka Bakaya in Salt Lake,Utah,can be identified as an example of

Which of the following statements best describes how entrepreneurs view failure?

Which of the following are specific geographic areas designated for economic revitalization?

All of the following are important characteristics of entrepreneurs EXCEPT

Rodrigues routinely bids on contracts even though most of the other bidders are extremely large firms.Rodrigues believes his company offers better service at lower prices.Which of the following personality traits,common in entrepreneurs,does Rodrigues exhibit?

______ is LEAST likely to become an entrepreneur.

Social entrepreneurs recognize a societal problem and use business principles to develop innovative solutions.

Denzel is a wealthy person who focuses on investing in new ventures.He is looking to invest money directly into a new consulting business in return for equity in the company.Denzel is

Most entrepreneurs,in the past,started their ventures without creating formal business plans.

Entrepreneurs take necessary risks to set up and operate a business.

Classic entrepreneurs start one business,run it,and then start and run additional businesses in succession.

Lilly started her own business because she was tired of worrying about corporate downsizing despite her highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

Growth in entrepreneurship is a worldwide phenomenon.

Entrepreneurs have an external locus of control,which means they believe that they control their own destinies.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Business Today

Competing in World Markets

Forms of Business Ownership and Organization

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment,teamwork,and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters