Exam 1: Entrepreneurship: Evolutionary Development-Revolutionary Impact

Entrepreneurs are high risk takers.

The process approach to entrepreneurship seeks to

A "gazelle" is a business establishment with at least 20 percent sales growth every year for five years.

Which of the following statements best describes a "gazelle?"

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

Which of the following is not a common myth about entrepreneurs?

The macro view of entrepreneurship includes external processes that are sometimes beyond the control of the entrepreneur.

The macro view can be broken down into which three areas?

During the past ten years,new business incorporations averaged nearly 600,000 per year.

Mountain gap strategies refer to:

Which of the following statements is true?

Throughout the years,many myths have arisen about entrepreneurship as a result of?

Michael Gerber,the author of The E-Myth,explains that the failure of most small businesses is due to:

Entrepreneurs are born not made.

The statement,"with every new venture launched,new and unintended opportunities often arise," would be associated with:

List and categorize the schools of entrepreneurial thought.

The word entrepreneur is derived from the Spanish word entreprendre,meaning "to undertake."

The displacement school of thought can be divided into which three groups?

Name and describe four of the ten major myths of management.

Entrepreneurs always start their business at a young age.