Exam 1: The Global Entrepreneurial Revolution for a Flatter World

A 2010 report by The Guardian Life Small Business Research Institute indicated that women-owned businesses are limited mainly to small service enterprises with few employees.

A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains.

In America,what type of individual is most common source of funding for new buildings,classrooms,athletic facilities,and endowed professorships at universities and colleges?

What was the primary concept that entrepreneur Rick Adam applied from his years as a software engineer in order to develop two separate aircrafts-the A-500 and the A-700-while maintaining a time-to-market advantage over more entrenched competitors?

While leading U.S.venture capital firms are interested in establishing relationships and operations in China,the Chinese government continues to resist such overtures.

What do the authors refer to as the 'rocket fuel' of America's entrepreneurial engine?

According to the text,which of the following is an important emerging field that is helping large population groups break out of poverty?

While the U.S.investment and capital markets have been an integral part of the entrepreneurial revolution in the U.S. ,it is more important to recognize the long-term ________ of the system.

The world's first solar-powered motor-an innovation aimed at heading off the world's dangerous dependence on coal-was introduced in 1861.

While various surveys of high school seniors indicate a strong interest in entrepreneurship,a 2004 Gallup Poll showed that a large percentage of American parents would still prefer that their children pursue a less risky career.

Explain why venture capital is a particularly appropriate funding source for industries with long gestation periods.

According to the U.S.Small Business Administration's Office of Advocacy,small businesses (those with fewer than 500 employees)represent more than 99 percent of all employers and provide about 75 percent of all new net jobs.

Innovation + Entrepreneurship = Prosperity and ________.

Describe the typical American entrepreneur.

The best entrepreneurship professors are able to determine in advance which of their incoming students will be the most effective entrepreneurs.

What should always be done following an interview with an entrepreneur?

Name three places outside the U.S.where entrepreneurship is emerging as an academic field and as a highly admired life option.

Which of the following was not a company that fostered the formation of a new industry?

MIT researcher David Birch found that while new and growing smaller firms could be regionally important,they had little effect on the economy as a whole.

Studies indicate that although smaller firms often generate twice as many innovations per R&D dollar spent as the established multinationals,the large firms still produce more innovations per R&D scientist than entrepreneurial companies.