Question 1

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

Accepted Answer

A)  information technology 
B)  demographic and economic trends 
C)  education 
D)  the rise of service industries 
A)  information technology 
B)  demographic and economic trends 
C)  education 
D)  the rise of service industries

Question 2

Logan is an entrepreneur who takes personal responsibility for the success or failure of his actions rather than believing in luck or fate.Which characteristic best describes Logan's entrepreneurial philosophy?

Accepted Answer

A)  tolerance for failure 
B)  internal locus of control 
C)  need to achieve 
D)  tolerance for ambiguity 
A)  tolerance for failure 
B)  internal locus of control 
C)  need to achieve 
D)  tolerance for ambiguity

Question 3

Entrepreneurs tolerate the uncertainties associated with starting a new business.

Accepted Answer

A) True 
 B)False

Question 4

When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

Accepted Answer

A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology 
A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology

Question 5

An important part of launching any new business is establishing a code of ethics.

Accepted Answer

A) True 
 B)False

Question 6

Worldwide approximately ________ of adults are starting or managing a new business.

Accepted Answer

A)  5 percent 
B)  7 percent 
C)  9 percent 
D)  12 percent 
A)  5 percent 
B)  7 percent 
C)  9 percent 
D)  12 percent

Question 7

___________ has a long-standing and well-known record of encouraging intrapreneurship.

Accepted Answer

A)  IBM 
B)  3M 
C)  General Motors Co. 
D)  Microsoft Corporation 
A)  IBM 
B)  3M 
C)  General Motors Co. 
D)  Microsoft Corporation

Question 8

Entrepreneurs possess all of the following traits EXCEPT ________.

Accepted Answer

A)  tolerance for ambiguity 
B)  creativity 
C)  low self-confidence 
D)  vision 
A)  tolerance for ambiguity 
B)  creativity 
C)  low self-confidence 
D)  vision

Question 9

A successful entrepreneur is visionary.

Accepted Answer

A) True 
 B)False

Question 10

A(n)_____ is an individual who lends money to new ventures in exchange for an equity stake.

Accepted Answer

A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology 
A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology

Question 11

Entrepreneurs are managers,and managers are entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 12

What is intrapreneurship,and why is it important today?

Accepted Answer

Intrapreneurship is the process of promo

Question 13

Enterprise zones encourage investment by offering tax advantages and incentives to businesses locating within the zones.

Accepted Answer

A) True 
 B)False

Question 14

Over twenty-five percent of large firms now set aside funds to support intrapreneurship.

Accepted Answer

A) True 
 B)False

Question 15

Concerning education and entrepreneurs,all of the following statements are correct EXCEPT:

Accepted Answer

A)  Hundreds of colleges and universities offer classes in entrepreneurship. 
B)  Some colleges and universities sponsor business plan contests. 
C)  Obtaining a college degree in entrepreneurship is essential before starting your own business. 
D)  Some colleges and universities offer entrepreneurship courses outside the usual business curriculum. 
A)  Hundreds of colleges and universities offer classes in entrepreneurship. 
B)  Some colleges and universities sponsor business plan contests. 
C)  Obtaining a college degree in entrepreneurship is essential before starting your own business. 
D)  Some colleges and universities offer entrepreneurship courses outside the usual business curriculum.

Question 16

_________ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Accepted Answer

A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology 
A) lifestyle entrepreneur 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 19

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Accepted Answer

A) True 
 B)False

Question 20

Entrepreneurs generally aren't very creative people,just hard working and focused on specific problems.

Accepted Answer

A) True 
 B)False

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

Logan is an entrepreneur who takes personal responsibility for the success or failure of his actions rather than believing in luck or fate.Which characteristic best describes Logan's entrepreneurial philosophy?

Entrepreneurs tolerate the uncertainties associated with starting a new business.

When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

An important part of launching any new business is establishing a code of ethics.

Worldwide approximately ________ of adults are starting or managing a new business.

___________ has a long-standing and well-known record of encouraging intrapreneurship.

Entrepreneurs possess all of the following traits EXCEPT ________.

A successful entrepreneur is visionary.

A(n)_____ is an individual who lends money to new ventures in exchange for an equity stake.

Entrepreneurs are managers,and managers are entrepreneurs.

What is intrapreneurship,and why is it important today?

Enterprise zones encourage investment by offering tax advantages and incentives to businesses locating within the zones.

Over twenty-five percent of large firms now set aside funds to support intrapreneurship.

Concerning education and entrepreneurs,all of the following statements are correct EXCEPT:

_________ refers to the characteristic of entrepreneurs believing that they control their own destiny.

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

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Entrepreneurs generally aren't very creative people,just hard working and focused on specific problems.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour 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

Filters

Exam 6: Starting Your Own Business: The Entrepreneurship Alternative

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

Logan is an entrepreneur who takes personal responsibility for the success or failure of his actions rather than believing in luck or fate.Which characteristic best describes Logan's entrepreneurial philosophy?

Entrepreneurs tolerate the uncertainties associated with starting a new business.

When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

An important part of launching any new business is establishing a code of ethics.

Worldwide approximately ________ of adults are starting or managing a new business.

___________ has a long-standing and well-known record of encouraging intrapreneurship.

Entrepreneurs possess all of the following traits EXCEPT ________.

A successful entrepreneur is visionary.

A(n)_____ is an individual who lends money to new ventures in exchange for an equity stake.

Entrepreneurs are managers,and managers are entrepreneurs.

What is intrapreneurship,and why is it important today?

Enterprise zones encourage investment by offering tax advantages and incentives to businesses locating within the zones.

Over twenty-five percent of large firms now set aside funds to support intrapreneurship.

Concerning education and entrepreneurs,all of the following statements are correct EXCEPT:

_________ refers to the characteristic of entrepreneurs believing that they control their own destiny.

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

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Entrepreneurs generally aren't very creative people,just hard working and focused on specific problems.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour 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

Filters