Exam 6: Starting Your Own Business: the Entrepreneurship Alternative

Aliya invests in her new venture along with the fund supplied by Deccan Corp.,the co-owner of her start-up.This type of funding is known as

Cheng is in the process of using debt financing to fund his new venture.In this case,he is most likely to

Kassandra is a successful entrepreneur.She stays close to her customers and is constantly looking for effective strategies.She is also willing to make adjustments when necessary.Kassandra is demonstrating

Which of the following is one of the most important considerations in selecting a business idea?

According to research,the personality traits common to entrepreneurs are very similar to those required for managerial success.

According to research,the aging of the U.S.population has made it more difficult for entrepreneurs to find opportunities.

________ identify business opportunities and allocate available resources to tap those markets.

A less risky way to begin a business than starting an entirely new firm is buying a franchise.

The personal belief that one controls his or her own destiny refers to the internal locus of control.

Entrepreneurs possess all of the following traits EXCEPT

Abbas wants to start a new business,but his bank will not lend him the money he needs.Abbas saw an advertisement sponsored by a business organization that provides financing for early-stage,high-potential growth companies.The organization sponsoring the advertisement would be considered a(n)

A person who starts a business to gain flexibility in work hours and control over his or her life is a lifestyle entrepreneur.

Which of these is TRUE about successful entrepreneurs?

All of the following are identified as responsibilities of entrepreneurs EXCEPT

Which of the following has contributed the LEAST to the boom in entrepreneurship?

A(n)_____ is another form of intrapreneurship initiated by an employee who conceives an idea,convinces top management of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

Natsuki is opening a home health care business that she knows will do well in her community.She makes this assumption based on prior research.Although she must repay borrowed funds,Natsuki chooses _____ to maintain complete control over the business without having to answer to investors or partners.

Abigail works as an artist for a major textile company and created an instrument for producing designs.The company will implement Abigail's idea as part of its _____ strategy.

Valerie wants to start a business.She takes a personality test and discovers she possesses a trait that may reduce the likelihood of her success.Which of the following is that trait?

Entrepreneurs are often easily discouraged by setbacks and failures.