Question 1

Entrepreneurs take necessary risks to set up and operate a business.

Accepted Answer

A) True 
 B)False

Question 2

________ are business organizations or groups of private individuals who invest in new or growing firms.

Accepted Answer

A)  Angel investors 
B)  Entrepreneurs 
C)  Intrapreneurs 
D)  Venture capitalists 
A)  Angel investors 
B)  Entrepreneurs 
C)  Intrapreneurs 
D)  Venture capitalists

Question 3

Isaac started his own business because he was tired of worrying about corporate downsizing despite his highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 4

_____ are business firms or groups of individuals who invest in new and growing firms.

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

Katherine is a successful entrepreneur.She stays close to her customers and is constantly looking for effective strategies.She is also willing to make adjustments when necessary.Katherine is demonstrating ________.

Accepted Answer

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

Question 6

Describe how social networking has transformed the business environment for entrepreneurs.

Accepted Answer

Many entrepreneurs have fully embraced s

Question 7

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

Accepted Answer

A)  desire to succeed. 
B)  creative energy. 
C)  drive toward a goal. 
D)  growth of their company. 
A)  desire to succeed. 
B)  creative energy. 
C)  drive toward a goal. 
D)  growth of their company.

Question 8

Lisa is trying to start a new business.A women's business network puts her in touch with an investor who is willing to invest in her company in exchange for an equity stake.This investor is a(n)________.

Accepted Answer

A)  entrepreneur 
B)  angel investor 
C)  venture capitalist 
D)  franchiser 
A)  entrepreneur 
B)  angel investor 
C)  venture capitalist 
D)  franchiser

Entrepreneurs take necessary risks to set up and operate a business.

________ are business organizations or groups of private individuals who invest in new or growing firms.

Isaac started his own business because he was tired of worrying about corporate downsizing despite his highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

_____ are business firms or groups of individuals who invest in new and growing firms.

Katherine is a successful entrepreneur.She stays close to her customers and is constantly looking for effective strategies.She is also willing to make adjustments when necessary.Katherine is demonstrating ________.

Describe how social networking has transformed the business environment for entrepreneurs.

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

Lisa is trying to start a new business.A women's business network puts her in touch with an investor who is willing to invest in her company in exchange for an equity stake.This investor is a(n)________.

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

Entrepreneurs take necessary risks to set up and operate a business.

________ are business organizations or groups of private individuals who invest in new or growing firms.

Isaac started his own business because he was tired of worrying about corporate downsizing despite his highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

_____ are business firms or groups of individuals who invest in new and growing firms.

Katherine is a successful entrepreneur.She stays close to her customers and is constantly looking for effective strategies.She is also willing to make adjustments when necessary.Katherine is demonstrating ________.

Describe how social networking has transformed the business environment for entrepreneurs.

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

Lisa is trying to start a new business.A women's business network puts her in touch with an investor who is willing to invest in her company in exchange for an equity stake.This investor is a(n)________.

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