Question 1

The Small Business Administration (SBA)recommends avoiding the use of personal credit cards for business expenses.

Accepted Answer

A) True 
 B)False

Question 2

Unlike small-business owners,one of the major goals of entrepreneurs is

Accepted Answer

A) the desire to succeed. 
B) to possess creative energy. 
C) expansion and growth. 
D) to seek a profitable opportunity. 
A) the desire to succeed. 
B) to possess creative energy. 
C) expansion and growth. 
D) to seek a profitable opportunity.

Question 3

Studies suggest that more than _____percent of successful companies now use at least one social media tool.

Accepted Answer

A) 30 
B) 10 
C) 60 
D) 90 
A) 30 
B) 10 
C) 60 
D) 90

Question 4

Studies indicate that most entrepreneurs spend _____ on their new business.

Accepted Answer

A) less than 30 hours a week 
B) about 40 hours a week 
C) at least 70 hours a week 
D) weekends only 
A) less than 30 hours a week 
B) about 40 hours a week 
C) at least 70 hours a week 
D) weekends only

Question 5

A personality trait that differentiates entrepreneurs from managers is

Accepted Answer

A) desire to succeed instantly. 
B) desire to change the world. 
C) willingness to take risks in a new venture. 
D) willingness to share ownership of a new venture. 
A) desire to succeed instantly. 
B) desire to change the world. 
C) willingness to take risks in a new venture. 
D) willingness to share ownership of a new venture.

Question 6

Unfortunately,banks cannot research an entrepreneur's personal credit history when making lending decisions.

Accepted Answer

A) True 
 B)False

Question 7

Entrepreneurs,as a rule,believe in their ability to succeed.

Accepted Answer

A) True 
 B)False

Question 8

Overseas,workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Accepted Answer

A) True 
 B)False

Question 9

Overall,in the United States the current outlook for becoming an entrepreneur is positive.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following instances best represents a skunkworks project?

Accepted Answer

A) Fathima obtains funding from a venture capitalist to start her new venture. 
B) Frank obtains funding from an angel investor who also helps him with launching his business. 
C) Laila obtains funding from the company she works for to turn her idea into a commercial project. 
D) Janet obtains funding through bank loans and finance companies that she must repay. 
A) Fathima obtains funding from a venture capitalist to start her new venture. 
B) Frank obtains funding from an angel investor who also helps him with launching his business. 
C) Laila obtains funding from the company she works for to turn her idea into a commercial project. 
D) Janet obtains funding through bank loans and finance companies that she must repay.

Question 11

Tim Ferriss,best-selling author of the 4-Hour self-help series,is considered by many to be a(n)

Accepted Answer

A) lifestyle entrepreneur 
B) serial entrepreneur 
C) social entrepreneur 
D) intrapreneur 
A) lifestyle entrepreneur 
B) serial entrepreneur 
C) social entrepreneur 
D) intrapreneur

Question 12

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to

Accepted Answer

A) categorize targeted employment area 
B) allocate time and money 
C) appoint dedicated personnel 
D) pursue a degree in business management 
A) categorize targeted employment area 
B) allocate time and money 
C) appoint dedicated personnel 
D) pursue a degree in business management

Question 13

Equity financing may benefit an entrepreneur who possesses good ideas and skills,but has little or no money.

Accepted Answer

A) True 
 B)False

Question 14

Aaliyah is trying to start a new business.A women's business network puts her in touch with a wealthy investor who is willing to invest in her company in exchange for an equity stake.This investor is most likely to be a(n)

Accepted Answer

A) angel investor. 
B) franchisor. 
C) stock broker. 
D) mortgage lender. 
A) angel investor. 
B) franchisor. 
C) stock broker. 
D) mortgage lender.

Question 15

Entrepreneurs,generally,do not have a high energy level.

Accepted Answer

A) True 
 B)False

Question 16

Which of these start one business,run it,and then start and run additional businesses in succession?

Accepted Answer

A) Serial entrepreneurs 
B) Classic entrepreneurs 
C) Change agents 
D) Social entrepreneurs 
A) Serial entrepreneurs 
B) Classic entrepreneurs 
C) Change agents 
D) Social entrepreneurs

Question 17

Elon Musk,founder of PayPal,and CEO of Tesla Motors,Solar City,and SpaceX,is a serial entrepreneur.

Accepted Answer

A) True 
 B)False

Question 18

Atif and Sanya come up with an idea for making sugar-free ice cream.They open their own small business to cater to the needs of those who are health conscious.Their products are distributed nationwide and their sales continue to increase.Atif and Sanya are examples of

Accepted Answer

A) serial entrepreneurs. 
B) classic entrepreneurs. 
C) change agents. 
D) social entrepreneurs. 
A) serial entrepreneurs. 
B) classic entrepreneurs. 
C) change agents. 
D) social entrepreneurs.

Question 19

Which of the following statements about globalization and entrepreneurship is correct?

Accepted Answer

A) The business ownership rate is highest in economies that compete based on unskilled labor. 
B) Most entrepreneurs are from countries whose economies are driven by innovation. 
C) Entrepreneurship is least common in Latin America,Sub-Saharan Africa,and the Caribbean. 
D) The United States leads in the percentage of adults engaged in entrepreneurship. 
A) The business ownership rate is highest in economies that compete based on unskilled labor. 
B) Most entrepreneurs are from countries whose economies are driven by innovation. 
C) Entrepreneurship is least common in Latin America,Sub-Saharan Africa,and the Caribbean. 
D) The United States leads in the percentage of adults engaged in entrepreneurship.

Question 20

Countries whose economies are driven by innovation,like Italy and Japan,have lower established business ownership rates.

Accepted Answer

A) True 
 B)False

The Small Business Administration (SBA)recommends avoiding the use of personal credit cards for business expenses.

Unlike small-business owners,one of the major goals of entrepreneurs is

Studies suggest that more than _____percent of successful companies now use at least one social media tool.

Studies indicate that most entrepreneurs spend _____ on their new business.

A personality trait that differentiates entrepreneurs from managers is

Unfortunately,banks cannot research an entrepreneur's personal credit history when making lending decisions.

Entrepreneurs,as a rule,believe in their ability to succeed.

Overseas,workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Overall,in the United States the current outlook for becoming an entrepreneur is positive.

Which of the following instances best represents a skunkworks project?

Tim Ferriss,best-selling author of the 4-Hour self-help series,is considered by many to be a(n)

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to

Equity financing may benefit an entrepreneur who possesses good ideas and skills,but has little or no money.

Aaliyah is trying to start a new business.A women's business network puts her in touch with a wealthy investor who is willing to invest in her company in exchange for an equity stake.This investor is most likely to be a(n)

Entrepreneurs,generally,do not have a high energy level.

Which of these start one business,run it,and then start and run additional businesses in succession?

Elon Musk,founder of PayPal,and CEO of Tesla Motors,Solar City,and SpaceX,is a serial entrepreneur.

Atif and Sanya come up with an idea for making sugar-free ice cream.They open their own small business to cater to the needs of those who are health conscious.Their products are distributed nationwide and their sales continue to increase.Atif and Sanya are examples of

Which of the following statements about globalization and entrepreneurship is correct?

Countries whose economies are driven by innovation,like Italy and Japan,have lower established business ownership rates.

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

The Small Business Administration (SBA)recommends avoiding the use of personal credit cards for business expenses.

Unlike small-business owners,one of the major goals of entrepreneurs is

Studies suggest that more than _____percent of successful companies now use at least one social media tool.

Studies indicate that most entrepreneurs spend _____ on their new business.

A personality trait that differentiates entrepreneurs from managers is

Unfortunately,banks cannot research an entrepreneur's personal credit history when making lending decisions.

Entrepreneurs,as a rule,believe in their ability to succeed.

Overseas,workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Overall,in the United States the current outlook for becoming an entrepreneur is positive.

Which of the following instances best represents a skunkworks project?

Tim Ferriss,best-selling author of the 4-Hour self-help series,is considered by many to be a(n)

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to

Equity financing may benefit an entrepreneur who possesses good ideas and skills,but has little or no money.

Aaliyah is trying to start a new business.A women's business network puts her in touch with a wealthy investor who is willing to invest in her company in exchange for an equity stake.This investor is most likely to be a(n)

Entrepreneurs,generally,do not have a high energy level.

Which of these start one business,run it,and then start and run additional businesses in succession?

Elon Musk,founder of PayPal,and CEO of Tesla Motors,Solar City,and SpaceX,is a serial entrepreneur.

Atif and Sanya come up with an idea for making sugar-free ice cream.They open their own small business to cater to the needs of those who are health conscious.Their products are distributed nationwide and their sales continue to increase.Atif and Sanya are examples of

Which of the following statements about globalization and entrepreneurship is correct?

Countries whose economies are driven by innovation,like Italy and Japan,have lower established business ownership rates.

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