Question 1

A large percentage of start-ups obtain seed capital through banks.

Accepted Answer

A) True 
 B)False

Question 2

Gary recently purchased a McDonald's franchise.He is a serial entrepreneur.

Accepted Answer

A) True 
 B)False

Question 3

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

Accepted Answer

A)  classic entrepreneurs 
B)  serial entrepreneurs 
C)  social entrepreneurs 
D)  change agents 
A)  classic entrepreneurs 
B)  serial entrepreneurs 
C)  social entrepreneurs 
D)  change agents

Question 4

Obtaining financing for an existing business is easier than it is for most start-up companies.

Accepted Answer

A) True 
 B)False

Question 5

Growth in entrepreneurship is a worldwide phenomenon.

Accepted Answer

A) True 
 B)False

Question 6

Saul is the CEO of Summertime,Inc.He uses the resources of the firm to expand and diversify into winter sports areas.Saul would be classified as a(n)________.

Accepted Answer

A)  manager 
B)  entrepreneur 
C)  stockholder 
D)  venture capitalist 
A)  manager 
B)  entrepreneur 
C)  stockholder 
D)  venture capitalist

Question 7

Which of the following demographic/economic trends has increased the opportunities for entrepreneurs?

Accepted Answer

A)  aging population 
B)  increase in wages 
C)  surplus of college graduates 
D)  steady interest rates 
A)  aging population 
B)  increase in wages 
C)  surplus of college graduates 
D)  steady interest rates

Question 8

Successful entrepreneurs have a high need to achieve.

Accepted Answer

A) True 
 B)False

Question 9

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT:

Accepted Answer

A)  to be one's own boss. 
B)  to become a financial success. 
C)  to create employment opportunities for other people. 
D)  to create one's own job security. 
A)  to be one's own boss. 
B)  to become a financial success. 
C)  to create employment opportunities for other people. 
D)  to create one's own job security.

Question 10

Which of the following statements best describes how entrepreneurs view failure?

Accepted Answer

A)  They view failure as a learning experience. 
B)  They don't worry about failing because something better always comes along. 
C)  They enjoy risk and gambling. 
D)  They worry that if they fail they'll never get another opportunity. 
A)  They view failure as a learning experience. 
B)  They don't worry about failing because something better always comes along. 
C)  They enjoy risk and gambling. 
D)  They worry that if they fail they'll never get another opportunity.

Question 11

Jamal recently launched his grocery delivery service.He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 12

Entrepreneurial environments created within companies can help firms retain valuable employees who might otherwise leave to start their own businesses.

Accepted Answer

A) True 
 B)False

Question 13

A(n)_____ is an economic zone within a municipality - an area that the federal government has set aside as a First Nation reserve land.

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 14

List the eight major characteristics of an entrepreneur.

Accepted Answer

The eight major characteristics of an en

Question 15

Elian wants to start a business.He takes a personality test and discovers he possesses a trait that may reduce the likelihood he will succeed.Which of the following is that trait?

Accepted Answer

A)  creativity 
B)  low tolerance for risk 
C)  vision 
D)  internal locus of control 
A)  creativity 
B)  low tolerance for risk 
C)  vision 
D)  internal locus of control

Question 16

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Accepted Answer

A) True 
 B)False

Question 17

Explain recent demographic and economic trends that create opportunities for entrepreneurs to market new goods and services.

Accepted Answer

Recent trends that have created new mark

Question 18

As a rule,entrepreneurs believe in their ability to succeed.

Accepted Answer

A) True 
 B)False

Question 19

A(n)_____ starts a business to gain flexibility in work hours and control over his or her life.

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 20

Explain the differences among classic entrepreneurs,serial entrepreneurs,and social entrepreneurs.

Accepted Answer

A classic entrepreneur identifies a busi

A large percentage of start-ups obtain seed capital through banks.

Gary recently purchased a McDonald's franchise.He is a serial entrepreneur.

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

Obtaining financing for an existing business is easier than it is for most start-up companies.

Growth in entrepreneurship is a worldwide phenomenon.

Saul is the CEO of Summertime,Inc.He uses the resources of the firm to expand and diversify into winter sports areas.Saul would be classified as a(n)________.

Which of the following demographic/economic trends has increased the opportunities for entrepreneurs?

Successful entrepreneurs have a high need to achieve.

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT:

Which of the following statements best describes how entrepreneurs view failure?

Jamal recently launched his grocery delivery service.He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

Entrepreneurial environments created within companies can help firms retain valuable employees who might otherwise leave to start their own businesses.

A(n)_____ is an economic zone within a municipality - an area that the federal government has set aside as a First Nation reserve land.

List the eight major characteristics of an entrepreneur.

Elian wants to start a business.He takes a personality test and discovers he possesses a trait that may reduce the likelihood he will succeed.Which of the following is that trait?

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Explain recent demographic and economic trends that create opportunities for entrepreneurs to market new goods and services.

As a rule,entrepreneurs believe in their ability to succeed.

A(n)_____ starts a business to gain flexibility in work hours and control over his or her life.

Explain the differences among classic entrepreneurs,serial entrepreneurs,and social entrepreneurs.

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

A large percentage of start-ups obtain seed capital through banks.

Gary recently purchased a McDonald's franchise.He is a serial entrepreneur.

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

Obtaining financing for an existing business is easier than it is for most start-up companies.

Growth in entrepreneurship is a worldwide phenomenon.

Saul is the CEO of Summertime,Inc.He uses the resources of the firm to expand and diversify into winter sports areas.Saul would be classified as a(n)________.

Which of the following demographic/economic trends has increased the opportunities for entrepreneurs?

Successful entrepreneurs have a high need to achieve.

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT:

Which of the following statements best describes how entrepreneurs view failure?

Jamal recently launched his grocery delivery service.He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

Entrepreneurial environments created within companies can help firms retain valuable employees who might otherwise leave to start their own businesses.

A(n)_____ is an economic zone within a municipality - an area that the federal government has set aside as a First Nation reserve land.

List the eight major characteristics of an entrepreneur.

Elian wants to start a business.He takes a personality test and discovers he possesses a trait that may reduce the likelihood he will succeed.Which of the following is that trait?

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Explain recent demographic and economic trends that create opportunities for entrepreneurs to market new goods and services.

As a rule,entrepreneurs believe in their ability to succeed.

A(n)_____ starts a business to gain flexibility in work hours and control over his or her life.

Explain the differences among classic entrepreneurs,serial entrepreneurs,and social entrepreneurs.

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