Exam 6: Managing Start Ups and New Ventures

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Jamila is a successful artist and entrepreneur who makes all of her work out of recycled goods because she believes in sustainability. She can be described as a social entrepreneur that is committed to:

(Multiple Choice)
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In the next decade, _____ and _____ businesses could end up being the emerging growth companies.

(Short Answer)
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Equity financing is when funds are invested in exchange for ownership in the company.

(True/False)
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The Small Business Association (SBA) reports that small businesses create at least _____ percent of America's new jobs.

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Entrepreneurs in the optimizer category are rewarded by the personal satisfaction of being business owners.

(True/False)
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Entrepreneurs in the _____ category like the idea of working on something that is new, creative, or personally meaningful.

(Short Answer)
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In the United States, minorities own _____ firms.

(Multiple Choice)
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A venture capital firm wants to invest in businesses with a high rate of return. In return, they will:

(Multiple Choice)
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Define a corporation and briefly discuss the primary advantages and disadvantages of forming a corporation.

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_____ financing consists of funds that are invested in exchange for ownership in the company.

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An entrepreneur:

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Entrepreneurs who aspire to start online businesses implement all the following steps except:

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Which of these offers the advantage that the entrepreneur has the ability to develop and design the business in the entrepreneur's own way?

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Entrepreneurs are able to deal easily with delays and exhibit high levels of patience, knowing that the results will be worth the wait.

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One of the first characteristics or points of a successful business plan is:

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What is the primary goal of the social entrepreneur?

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Wendy enjoys making crafts and giving these away as gifts to friends and family. One day, she decided to quit her job and make crafts full-time, selling them on her new company Web site. Which tactic of becoming a business owner did Wendy use?

(Multiple Choice)
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Is there a formula for a successful entrepreneur? While their backgrounds differ, entrepreneurs often have common characteristics. In a short essay, describe characteristics typically displayed by entrepreneurs. Next, contrast these characteristics with those that you have learned will help to make a manager in an established organization successful.

(Essay)
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The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.

(True/False)
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What is a business incubator? How can it help a business?

(Essay)
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