Question 1

What are some of the sociological reasons that starting a company becomes more risky or difficult as people grow older?

Accepted Answer

@#LAT-DLM&When one has been in an industry a long

Question 2

Whether a company is successful is largely a matter of luck.

Accepted Answer

A) True 
 B)False

Question 3

The best would-be entrepreneur will have a track record of:

Accepted Answer

A) Working consistently at one company 
B) Increasing sales and profits 
C) Managing multiple employees 
D) Work in numerous industries 
E) Strong relationships with managers 
A) Working consistently at one company 
B) Increasing sales and profits 
C) Managing multiple employees 
D) Work in numerous industries 
E) Strong relationships with managers

Question 4

Secrecy about one's idea is more likely to hurt the development of the business than help it.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following could be a "trigger" for the entrepreneurial process?

Accepted Answer

A) Being fired by an employer 
B) Deep frustration with one's career 
C) A conversation with a friend or peer 
D) An unexpected financial windfall 
E) All of the above 
A) Being fired by an employer 
B) Deep frustration with one's career 
C) A conversation with a friend or peer 
D) An unexpected financial windfall 
E) All of the above

Question 6

Investors in small, growing startups typically expect to earn the same rate of return as they would if they invested in a public company that is listed on the New York Stock Exchange.

Accepted Answer

A) True 
 B)False

Question 7

Approximately 50% of Inc.500 companies make a net profit margin of …

Accepted Answer

A) 16% or more 
B) 15% 
C) 5% or less 
D) 13% 
A) 16% or more 
B) 15% 
C) 5% or less 
D) 13%

Question 8

If companies A and B are in the same industry, and A has $200,000 in sales per employee while B has $325,000 in sales per employee, then B is the more productive company.

Accepted Answer

A) True 
 B)False

Question 9

A $150,000 dollar investment in a company that yielded a $30,000 dividend in the first year would have achieved which of the following returns on investment?

Accepted Answer

A) 2% 
B) 5% 
C) 15% 
D) 20% 
E) 30% 
A) 2% 
B) 5% 
C) 15% 
D) 20% 
E) 30%

Question 10

The majority of entrepreneurs' business ideas come from area outside of their present line of employment or experience.

Accepted Answer

A) True 
 B)False

Question 11

Investors typically expect an annual rate of return in the range of _______, from a growing startup:

Accepted Answer

A) -20% to 0% 
B) 0% to 10% 
C) 5% to 25% 
D) 40% to 60% 
E) 80% to 120% 
A) -20% to 0% 
B) 0% to 10% 
C) 5% to 25% 
D) 40% to 60% 
E) 80% to 120%

Question 12

Anyone who wishes to pursue an entrepreneurial venture would be wise to take at least three of the widely distributed entrepreneur-attribute tests beforehand.

Accepted Answer

A) True 
 B)False

Question 13

In entrepreneurship, luck is where ______________ and opportunity meet.

Accepted Answer

A) Intelligence 
B) Fortune 
C) Strategy 
D) Focus 
E) Preparation 
A) Intelligence 
B) Fortune 
C) Strategy 
D) Focus 
E) Preparation

Question 14

Discuss the importance of an entrepreneur calculating the sales revenue needed to ultimately generate an equivalent income level to their current job.

Accepted Answer

@#LAT-DLM&More US businesses earn an average net m

Question 15

Which of the following is not one of the 10 Ds of Successful Entrepreneurs?

Accepted Answer

A) Driven 
B) Details 
C) Dedicated 
D) Distribute 
E) Dream 
A) Driven 
B) Details 
C) Dedicated 
D) Distribute 
E) Dream

Question 16

To reduce the cost of office space you may be able to convince a landlord to…

Accepted Answer

A) Reduce rent 
B) Defer rent payments for a period of time 
C) Allow subletting of unused space 
D) B and C 
E) A and B 
A) Reduce rent 
B) Defer rent payments for a period of time 
C) Allow subletting of unused space 
D) B and C 
E) A and B

Question 17

Discuss the impact that greater family responsibilities may have on the decision to become and entrepreneurs.

Accepted Answer

@#LAT-DLM&Clearly the risk is higher in terms of t

Question 18

Which of the following is not a common stage in the financing of new businesses?

Accepted Answer

A) Investing personal savings 
B) Building sweat equity 
C) Private investment by 'angels' 
D) Bank debt 
E) Initial public offering 
A) Investing personal savings 
B) Building sweat equity 
C) Private investment by 'angels' 
D) Bank debt 
E) Initial public offering

Question 19

Startups that tend to focus on multiple markets are the most successful.

Accepted Answer

A) True 
 B)False

Question 20

What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?

Accepted Answer

@#LAT-DLM&Stages: innovation => triggeri

What are some of the sociological reasons that starting a company becomes more risky or difficult as people grow older?

Whether a company is successful is largely a matter of luck.

The best would-be entrepreneur will have a track record of:

Secrecy about one's idea is more likely to hurt the development of the business than help it.

Which of the following could be a "trigger" for the entrepreneurial process?

Investors in small, growing startups typically expect to earn the same rate of return as they would if they invested in a public company that is listed on the New York Stock Exchange.

Approximately 50% of Inc.500 companies make a net profit margin of …

If companies A and B are in the same industry, and A has $200,000 in sales per employee while B has $325,000 in sales per employee, then B is the more productive company.

A $150,000 dollar investment in a company that yielded a $30,000 dividend in the first year would have achieved which of the following returns on investment?

The majority of entrepreneurs' business ideas come from area outside of their present line of employment or experience.

Investors typically expect an annual rate of return in the range of _______, from a growing startup:

Anyone who wishes to pursue an entrepreneurial venture would be wise to take at least three of the widely distributed entrepreneur-attribute tests beforehand.

In entrepreneurship, luck is where ______________ and opportunity meet.

Discuss the importance of an entrepreneur calculating the sales revenue needed to ultimately generate an equivalent income level to their current job.

Which of the following is not one of the 10 Ds of Successful Entrepreneurs?

To reduce the cost of office space you may be able to convince a landlord to…

Discuss the impact that greater family responsibilities may have on the decision to become and entrepreneurs.

Which of the following is not a common stage in the financing of new businesses?

Startups that tend to focus on multiple markets are the most successful.

What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?

The Power of Entrepreneurship

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 2: The Entrepreneurial Process

What are some of the sociological reasons that starting a company becomes more risky or difficult as people grow older?

Whether a company is successful is largely a matter of luck.

The best would-be entrepreneur will have a track record of:

Secrecy about one's idea is more likely to hurt the development of the business than help it.

Which of the following could be a "trigger" for the entrepreneurial process?

Investors in small, growing startups typically expect to earn the same rate of return as they would if they invested in a public company that is listed on the New York Stock Exchange.

Approximately 50% of Inc.500 companies make a net profit margin of …

If companies A and B are in the same industry, and A has $200,000 in sales per employee while B has $325,000 in sales per employee, then B is the more productive company.

A $150,000 dollar investment in a company that yielded a $30,000 dividend in the first year would have achieved which of the following returns on investment?

The majority of entrepreneurs' business ideas come from area outside of their present line of employment or experience.

Investors typically expect an annual rate of return in the range of _______, from a growing startup:

Anyone who wishes to pursue an entrepreneurial venture would be wise to take at least three of the widely distributed entrepreneur-attribute tests beforehand.

In entrepreneurship, luck is where ______________ and opportunity meet.

Discuss the importance of an entrepreneur calculating the sales revenue needed to ultimately generate an equivalent income level to their current job.

Which of the following is not one of the 10 Ds of Successful Entrepreneurs?

To reduce the cost of office space you may be able to convince a landlord to…

Discuss the impact that greater family responsibilities may have on the decision to become and entrepreneurs.

Which of the following is not a common stage in the financing of new businesses?

Startups that tend to focus on multiple markets are the most successful.

What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?

The Power of Entrepreneurship

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters