Exam 1: The Power of Entrepreneurship

The professionalization of the entrepreneurial process, which has developed over the last 20 years, has almost eliminated the need for young entrepreneurs to write business plans themselves.

By 2015, what percentage of the world's population had become Internet users?

How much new VC money was committed in 1975?

What does SBIR stand for?

How much do informal investors contribute to startup businesses annually?

Approximately 66% of all businesses start in the owner's home, but fail to grow primarily because the entrepreneur hires too many full-time workers.

In 2012, North American incubators assisted more than 350,000 startup companies.

According to the survey cited in this chapter, which of the following was not one of the most important innovations since 1980?

A majority of small business owners feel their companies have increased their overall standard of living.

Entrepreneurship did not grow very much after the Great Depression, until it began increasing in the 1970's.

The stock market collapse that led to the Great Depression occurred in what year?

There was a burst of venture capital backed startups in the last half of the 1960s.

What is the most successful US airline?

"Baby boomers" is the term used for Americans born in:

What percent of American, four-year colleges have courses in entrepreneurship?

The highest average TEA rates are found in?

Who reasoned that capitalism would be inevitably destroyed by elites?

The Global Entrepreneurship Monitor (GEM) is an organization created to gather information about the most successful start-ups for potential investors.

The Total Entrepreneurial Activity (TEA) index tracks the percent of the adult population that is trying to start or has started an infant business because all other options for work are either absent or unsatisfactory.

Yahoo! Inc.'s IPO set the all-time record, in terms of capital raised, for Silicon Valley companies.