Question 1

According to the text,what is the key to entrepreneurship?

Accepted Answer

A) connections 
B) practice 
C) innovative thinking 
D) risk-taking 
A) connections 
B) practice 
C) innovative thinking 
D) risk-taking

Question 2

The cycle of act-learn-build encourages entrepreneurs to take small actions in order to learn and build that learning into the next action.

Accepted Answer

A) True 
 B)False

Question 3

The media often cover the meteoric rise of entrepreneurs such as Bill Gates (Microsoft)and Travis Kalanick (Uber).According to the text,these stories ______.

Accepted Answer

A) are inspirational,but do little to represent the reality of entrepreneurship 
B) are highly relatable 
C) have not captured the public imagination 
D) are accurate depictions of the reality of entrepreneurship 
A) are inspirational,but do little to represent the reality of entrepreneurship 
B) are highly relatable 
C) have not captured the public imagination 
D) are accurate depictions of the reality of entrepreneurship

Question 4

Gina wants to develop an app to match animal shelters to adopters.She has crafted the following statement: "I am developing this app so that more pets will be adopted." What component of the practice of entrepreneurship is she implementing?

Accepted Answer

A) Describe your idea today. 
B) Identify your desired impact on the world. 
C) Start with means at hand. 
D) Take small action. 
A) Describe your idea today. 
B) Identify your desired impact on the world. 
C) Start with means at hand. 
D) Take small action.

Question 5

Social entrepreneurs ______.

Accepted Answer

A) must rely on fundraising to keep their company economically stable 
B) can only be found in the nonprofit sector 
C) must choose between making either a social or an economic impact 
D) seek innovative solutions to social and environmental problems 
A) must rely on fundraising to keep their company economically stable 
B) can only be found in the nonprofit sector 
C) must choose between making either a social or an economic impact 
D) seek innovative solutions to social and environmental problems

Question 6

A temporary organization in search of a scalable business model is known as a(n)______.

Accepted Answer

A) startup 
B) corporation 
C) LLC 
D) entrepreneur 
A) startup 
B) corporation 
C) LLC 
D) entrepreneur

Question 7

Compare and contrast the pros and cons of owning a franchise.

Accepted Answer

Pros and Cons Ready-made business system

Question 8

______ have touched every corner of our lives,affecting every aspect of the way we live.

Accepted Answer

A) Lifestyles 
B) Corporations 
C) Entrepreneurs 
D) Managers 
A) Lifestyles 
B) Corporations 
C) Entrepreneurs 
D) Managers

Question 9

What method emphasizes moving quickly from the initial plan to reality?

Accepted Answer

A) The Process Method 
B) The Franchise Method 
C) The Entrepreneurship Method 
D) The Startup Method 
A) The Process Method 
B) The Franchise Method 
C) The Entrepreneurship Method 
D) The Startup Method

Question 10

The fatty white tissue created in your brain through focused repeated activity is ______.

Accepted Answer

A) cerebrum 
B) myelin 
C) neuron 
D) sheath 
A) cerebrum 
B) myelin 
C) neuron 
D) sheath

Question 11

According to the text,why would some organizations not be enthusiastic about employees acting entrepreneurially inside a company?

Accepted Answer

A) fear that workers will recruit other employees to prioritize their entrepreneurial efforts over their essential job duties 
B) fear that trade secrets will be accidentally released to the public 
C) fear that they will leave the company and start their own business 
D) fear that they will not seek approval from senior managers before starting work on their entrepreneurial initiatives 
A) fear that workers will recruit other employees to prioritize their entrepreneurial efforts over their essential job duties 
B) fear that trade secrets will be accidentally released to the public 
C) fear that they will leave the company and start their own business 
D) fear that they will not seek approval from senior managers before starting work on their entrepreneurial initiatives

Question 12

Compare entrepreneurship with startup.

Accepted Answer

The term startup came into vogue during

Question 13

Richard Branson's expansion of his Virgin Group to include railway,music,media,and banking industries is an example of ______ entrepreneurship.

Accepted Answer

A) global 
B) nascent 
C) social 
D) serial 
A) global 
B) nascent 
C) social 
D) serial

Question 14

According to the authors,what is the precursor to entrepreneurial action?

Accepted Answer

A) a business process 
B) the right mindset 
C) an understanding that failure is probable 
D) the acquisition of resources 
A) a business process 
B) the right mindset 
C) an understanding that failure is probable 
D) the acquisition of resources

Question 15

A franchise is a type of license purchased by a franchisee from a franchisor to allow them to trade under the name of that business.

Accepted Answer

A) True 
 B)False

Question 16

Why are collaboration and information sharing more important entrepreneurial skills than determination or opportunity recognition?

Accepted Answer

Entrepreneurship is all around us,which

Question 17

An entrepreneur can own his or her own business or work in a corporation with an entrepreneurial spirit.

Accepted Answer

A) True 
 B)False

Question 18

When studying medical students and the way in which they learn clinical skills,researchers found the students who used deliberate practice were ______.

Accepted Answer

A) learning how to learn 
B) too focused to really improve their skills 
C) missing some key "big picture" aspects of their training 
D) becoming more knowledgeable but less proficient 
A) learning how to learn 
B) too focused to really improve their skills 
C) missing some key "big picture" aspects of their training 
D) becoming more knowledgeable but less proficient

Question 19

B-Corp certification recognizes organizations that achieve five or more years of consistent profitable growth.

Accepted Answer

A) True 
 B)False

Question 20

Joseph is a sales manager for ETC Corporation,a manufacturer of high-end kitchen appliances for restaurants.Nicole has been lobbying him to allow her to design and sell a range of consumer-grade appliances using ETC's design and manufacturing resources.Nicole is a(n)______.

Accepted Answer

A) corporate entrepreneur 
B) franchisee 
C) entrepreneur inside 
D) social entrepreneur 
A) corporate entrepreneur 
B) franchisee 
C) entrepreneur inside 
D) social entrepreneur

According to the text,what is the key to entrepreneurship?

The cycle of act-learn-build encourages entrepreneurs to take small actions in order to learn and build that learning into the next action.

The media often cover the meteoric rise of entrepreneurs such as Bill Gates (Microsoft)and Travis Kalanick (Uber).According to the text,these stories ______.

Gina wants to develop an app to match animal shelters to adopters.She has crafted the following statement: "I am developing this app so that more pets will be adopted." What component of the practice of entrepreneurship is she implementing?

Social entrepreneurs ______.

A temporary organization in search of a scalable business model is known as a(n)______.

Compare and contrast the pros and cons of owning a franchise.

______ have touched every corner of our lives,affecting every aspect of the way we live.

What method emphasizes moving quickly from the initial plan to reality?

The fatty white tissue created in your brain through focused repeated activity is ______.

According to the text,why would some organizations not be enthusiastic about employees acting entrepreneurially inside a company?

Compare entrepreneurship with startup.

Richard Branson's expansion of his Virgin Group to include railway,music,media,and banking industries is an example of ______ entrepreneurship.

According to the authors,what is the precursor to entrepreneurial action?

A franchise is a type of license purchased by a franchisee from a franchisor to allow them to trade under the name of that business.

Why are collaboration and information sharing more important entrepreneurial skills than determination or opportunity recognition?

An entrepreneur can own his or her own business or work in a corporation with an entrepreneurial spirit.

When studying medical students and the way in which they learn clinical skills,researchers found the students who used deliberate practice were ______.

B-Corp certification recognizes organizations that achieve five or more years of consistent profitable growth.

Joseph is a sales manager for ETC Corporation,a manufacturer of high-end kitchen appliances for restaurants.Nicole has been lobbying him to allow her to design and sell a range of consumer-grade appliances using ETC's design and manufacturing resources.Nicole is a(n)______.

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters

Exam 1: Practicing Entrepreneurship

According to the text,what is the key to entrepreneurship?

The cycle of act-learn-build encourages entrepreneurs to take small actions in order to learn and build that learning into the next action.

The media often cover the meteoric rise of entrepreneurs such as Bill Gates (Microsoft)and Travis Kalanick (Uber).According to the text,these stories ______.

Gina wants to develop an app to match animal shelters to adopters.She has crafted the following statement: "I am developing this app so that more pets will be adopted." What component of the practice of entrepreneurship is she implementing?

Social entrepreneurs ______.

A temporary organization in search of a scalable business model is known as a(n)______.

Compare and contrast the pros and cons of owning a franchise.

______ have touched every corner of our lives,affecting every aspect of the way we live.

What method emphasizes moving quickly from the initial plan to reality?

The fatty white tissue created in your brain through focused repeated activity is ______.

According to the text,why would some organizations not be enthusiastic about employees acting entrepreneurially inside a company?

Compare entrepreneurship with startup.

Richard Branson's expansion of his Virgin Group to include railway,music,media,and banking industries is an example of ______ entrepreneurship.

According to the authors,what is the precursor to entrepreneurial action?

A franchise is a type of license purchased by a franchisee from a franchisor to allow them to trade under the name of that business.

Why are collaboration and information sharing more important entrepreneurial skills than determination or opportunity recognition?

An entrepreneur can own his or her own business or work in a corporation with an entrepreneurial spirit.

When studying medical students and the way in which they learn clinical skills,researchers found the students who used deliberate practice were ______.

B-Corp certification recognizes organizations that achieve five or more years of consistent profitable growth.

Joseph is a sales manager for ETC Corporation,a manufacturer of high-end kitchen appliances for restaurants.Nicole has been lobbying him to allow her to design and sell a range of consumer-grade appliances using ETC's design and manufacturing resources.Nicole is a(n)______.

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters