Question 1

Generally,entrepreneurs do not have a high energy level.

Accepted Answer

A) True 
 B)False

Question 2

Overall,the outlook for becoming an entrepreneur is not positive at this time.

Accepted Answer

A) True 
 B)False

Question 3

Information technology can help entrepreneurs in all of the following ways EXCEPT:

Accepted Answer

A)  project a professional image. 
B)  provide improved customer service. 
C)  work quickly and efficiently. 
D)  ensure financial success. 
A)  project a professional image. 
B)  provide improved customer service. 
C)  work quickly and efficiently. 
D)  ensure financial success.

Question 4

Enrique wants to start a new business,but his bank will not lend him the money he needs.Enrique saw an advertisement sponsored by a business organization that provides financing for promising small companies.The organization sponsoring the advertisement would be considered a(n)________.

Accepted Answer

A)  venture capitalist 
B)  intrapreneur 
C)  franchiser 
D)  entrepreneur 
A)  venture capitalist 
B)  intrapreneur 
C)  franchiser 
D)  entrepreneur

Question 5

Which of the following statements regarding globalization and entrepreneurship is correct?

Accepted Answer

A)  Most entrepreneurs are from highly developed countries. 
B)  Worldwide,approximately 9 percent of adults are starting or managing a new business. 
C)  The United States leads in the percentage of adults engaged in entrepreneurship. 
D)  Entrepreneurship is least common in Latin America and Asia. 
A)  Most entrepreneurs are from highly developed countries. 
B)  Worldwide,approximately 9 percent of adults are starting or managing a new business. 
C)  The United States leads in the percentage of adults engaged in entrepreneurship. 
D)  Entrepreneurship is least common in Latin America and Asia.

Question 6

A person who identifies a business opportunity and allocates available resources to tap that market is a(n)_____.

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 7

David began a lumber company and ran it for five years.Afterward,he started up a paper company and then an office company.David is a serial entrepreneur.

Accepted Answer

A) True 
 B)False

Question 8

_____ is the initial funding needed to launch a new venture.

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 9

Financial success ________.

Accepted Answer

A)  plays little role in motivating people to become entrepreneurs 
B)  is virtually guaranteed if people work hard enough starting their own businesses 
C)  rarely results from starting a business 
D)  is part of the appeal of becoming an entrepreneur 
A)  plays little role in motivating people to become entrepreneurs 
B)  is virtually guaranteed if people work hard enough starting their own businesses 
C)  rarely results from starting a business 
D)  is part of the appeal of becoming an entrepreneur

Question 10

Students who graduate from entrepreneurship programs are more likely to be self-employed.

Accepted Answer

A) True 
 B)False

Question 11

Compared with other countries,Canada has a relatively low level of entrepreneurship activity.

Accepted Answer

A) True 
 B)False

Question 12

Explain the difference between debt financing and equity financing.

Accepted Answer

Debt financing involves borrowing money

Question 13

Entrepreneurs are not easily discouraged from a setback or failure.

Accepted Answer

A) True 
 B)False

Question 14

What makes entrepreneurs unique is their overwhelming desire to ________.

Accepted Answer

A)  become successful 
B)  utilize their creative energy 
C)  manage employees 
D)  make their business grow 
A)  become successful 
B)  utilize their creative energy 
C)  manage employees 
D)  make their business grow

Question 15

Owning a business,by definition,means that you are an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 16

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

Accepted Answer

The four main reasons for beco

Question 17

An overall idea for how to convert a business idea into a success is called ________.

Accepted Answer

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

Question 18

Purchasing a franchise eliminates any risk for a new entrepreneur.

Accepted Answer

A) True 
 B)False

Question 19

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Accepted Answer

A) True 
 B)False

Question 20

Distinguish between venture capitalists and angel investors.

Accepted Answer

Venture capitalists are business organiz

Generally,entrepreneurs do not have a high energy level.

Overall,the outlook for becoming an entrepreneur is not positive at this time.

Information technology can help entrepreneurs in all of the following ways EXCEPT:

Enrique wants to start a new business,but his bank will not lend him the money he needs.Enrique saw an advertisement sponsored by a business organization that provides financing for promising small companies.The organization sponsoring the advertisement would be considered a(n)________.

Which of the following statements regarding globalization and entrepreneurship is correct?

A person who identifies a business opportunity and allocates available resources to tap that market is a(n)_____.

David began a lumber company and ran it for five years.Afterward,he started up a paper company and then an office company.David is a serial entrepreneur.

_____ is the initial funding needed to launch a new venture.

Financial success ________.

Students who graduate from entrepreneurship programs are more likely to be self-employed.

Compared with other countries,Canada has a relatively low level of entrepreneurship activity.

Explain the difference between debt financing and equity financing.

Entrepreneurs are not easily discouraged from a setback or failure.

What makes entrepreneurs unique is their overwhelming desire to ________.

Owning a business,by definition,means that you are an entrepreneur.

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

An overall idea for how to convert a business idea into a success is called ________.

Purchasing a franchise eliminates any risk for a new entrepreneur.

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Distinguish between venture capitalists and angel investors.

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

Generally,entrepreneurs do not have a high energy level.

Overall,the outlook for becoming an entrepreneur is not positive at this time.

Information technology can help entrepreneurs in all of the following ways EXCEPT:

Enrique wants to start a new business,but his bank will not lend him the money he needs.Enrique saw an advertisement sponsored by a business organization that provides financing for promising small companies.The organization sponsoring the advertisement would be considered a(n)________.

Which of the following statements regarding globalization and entrepreneurship is correct?

A person who identifies a business opportunity and allocates available resources to tap that market is a(n)_____.

David began a lumber company and ran it for five years.Afterward,he started up a paper company and then an office company.David is a serial entrepreneur.

_____ is the initial funding needed to launch a new venture.

Financial success ________.

Students who graduate from entrepreneurship programs are more likely to be self-employed.

Compared with other countries,Canada has a relatively low level of entrepreneurship activity.

Explain the difference between debt financing and equity financing.

Entrepreneurs are not easily discouraged from a setback or failure.

What makes entrepreneurs unique is their overwhelming desire to ________.

Owning a business,by definition,means that you are an entrepreneur.

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

An overall idea for how to convert a business idea into a success is called ________.

Purchasing a franchise eliminates any risk for a new entrepreneur.

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Distinguish between venture capitalists and angel investors.

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