Question 1

Distinguish between venture capitalists and angel investors.

Accepted Answer

Venture capitalists are business organiz

Question 2

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

Accepted Answer

A)  angel investor 
B)  franchisor 
C)  stock broker 
D)  mortgage lender 
A)  angel investor 
B)  franchisor 
C)  stock broker 
D)  mortgage lender

Question 3

Classic entrepreneurs start one business, run it, and then start and run additional businesses in succession.

Accepted Answer

A) True 
 B)False

Question 4

MATCHING
Complete the following using the terms listed.
-When entrepreneurs use _____, they borrow money from banks, finance companies, credit card companies, and family or friends that must be repaid.

Accepted Answer

A) Seed capital 
B) angel investor 
C) venture capitalist 
D) debt financing 
E) Information technology
F)social entrepreneur
G)classic entrepreneur
H)lifestyle entrepreneur
I)targeted employment area
J)skunkworks
K)Intrapreneurship
L)Internal locus of control 
A) Seed capital 
B) angel investor 
C) venture capitalist 
D) debt financing 
E) Information technology
F)social entrepreneur
G)classic entrepreneur
H)lifestyle entrepreneur
I)targeted employment area
J)skunkworks
K)Intrapreneurship
L)Internal locus of control

Question 5

Most entrepreneurs are skeptical of using social media to promote their businesses.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following has contributed the LEAST to the boom in entrepreneurship?

Accepted Answer

A)  Information technology 
B)  Demographic and economic trends 
C)  Education 
D)  Economies driven by innovation 
A)  Information technology 
B)  Demographic and economic trends 
C)  Education 
D)  Economies driven by innovation

Question 7

Who is most likely to succeed as an entrepreneur?

Accepted Answer

A)  Marcel who cannot tolerate failures. 
B)  Philip who has an aversion for taking risks. 
C)  Fiona who blames others for her failures. 
D)  Gina who is driven by the need to excel. 
A)  Marcel who cannot tolerate failures. 
B)  Philip who has an aversion for taking risks. 
C)  Fiona who blames others for her failures. 
D)  Gina who is driven by the need to excel.

Question 8

MATCHING
Complete the following using the terms listed.
-_____ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Accepted Answer

A) Seed capital 
B) angel investor 
C) venture capitalist 
D) debt financing 
E) Information technology
F)social entrepreneur
G)classic entrepreneur
H)lifestyle entrepreneur
I)targeted employment area
J)skunkworks
K)Intrapreneurship
L)Internal locus of control 
A) Seed capital 
B) angel investor 
C) venture capitalist 
D) debt financing 
E) Information technology
F)social entrepreneur
G)classic entrepreneur
H)lifestyle entrepreneur
I)targeted employment area
J)skunkworks
K)Intrapreneurship
L)Internal locus of control

Question 9

Generally, entrepreneurs do not have a high energy level.

Accepted Answer

A) True 
 B)False

Question 10

Obtaining financing for an existing business is easier than it is for most start-up companies.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Simone is opening a home health care business that she knows will do well in her community. She makes this assumption based on prior research. Although she must repay borrowed funds, Simone chooses _____ to maintain complete control over the business without having to answer to investors or partners.

Accepted Answer

A)  debt financing 
B)  funding from venture capitalists 
C)  funding from angel investors 
D)  equity financing 
A)  debt financing 
B)  funding from venture capitalists 
C)  funding from angel investors 
D)  equity financing

Question 13

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 14

Explain the differences among classic entrepreneurs, serial entrepreneurs, and social entrepreneurs.

Accepted Answer

A classic entrepreneur identifies a busi

Question 15

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to _____.

Accepted Answer

A)  categorize targeted employment area 
B)  allocate time and money 
C)  appoint dedicated personnel 
D)  pursue a degree in business management 
A)  categorize targeted employment area 
B)  allocate time and money 
C)  appoint dedicated personnel 
D)  pursue a degree in business management

Question 16

Entrepreneurs are often easily discouraged by setbacks and failures.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Jamal began a furniture company and ran it for five years. Afterward, he started another company for selling home appliances and then an interior designing company. Jamal is a social entrepreneur.

Accepted Answer

A) True 
 B)False

Question 19

Dealing with unexpected events is the norm for most entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)  The business ownership rate is highest in economies that compete based on unskilled labor. 
B)  Most entrepreneurs are from countries whose economies are driven by innovation. 
C)  Entrepreneurship is least common in Latin America, Sub-Saharan Africa, and the Caribbean. 
D)  The United States leads in the percentage of adults engaged in entrepreneurship. 
A)  The business ownership rate is highest in economies that compete based on unskilled labor. 
B)  Most entrepreneurs are from countries whose economies are driven by innovation. 
C)  Entrepreneurship is least common in Latin America, Sub-Saharan Africa, and the Caribbean. 
D)  The United States leads in the percentage of adults engaged in entrepreneurship.

Distinguish between venture capitalists and angel investors.

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

Classic entrepreneurs start one business, run it, and then start and run additional businesses in succession.

MATCHING Complete the following using the terms listed. -When entrepreneurs use _____, they borrow money from banks, finance companies, credit card companies, and family or friends that must be repaid.

Most entrepreneurs are skeptical of using social media to promote their businesses.

Which of the following has contributed the LEAST to the boom in entrepreneurship?

Who is most likely to succeed as an entrepreneur?

MATCHING Complete the following using the terms listed. -_____ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Generally, entrepreneurs do not have a high energy level.

Obtaining financing for an existing business is easier than it is for most start-up companies.

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

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Explain the differences among classic entrepreneurs, serial entrepreneurs, and social entrepreneurs.

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to _____.

Entrepreneurs are often easily discouraged by setbacks and failures.

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

Jamal began a furniture company and ran it for five years. Afterward, he started another company for selling home appliances and then an interior designing company. Jamal is a social entrepreneur.

Dealing with unexpected events is the norm for most entrepreneurs.

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

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 Labor 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

Distinguish between venture capitalists and angel investors.

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

Classic entrepreneurs start one business, run it, and then start and run additional businesses in succession.

MATCHING Complete the following using the terms listed. -When entrepreneurs use _____, they borrow money from banks, finance companies, credit card companies, and family or friends that must be repaid.

Most entrepreneurs are skeptical of using social media to promote their businesses.

Which of the following has contributed the LEAST to the boom in entrepreneurship?

Who is most likely to succeed as an entrepreneur?

MATCHING Complete the following using the terms listed. -_____ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Generally, entrepreneurs do not have a high energy level.

Obtaining financing for an existing business is easier than it is for most start-up companies.

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

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Explain the differences among classic entrepreneurs, serial entrepreneurs, and social entrepreneurs.

Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to _____.

Entrepreneurs are often easily discouraged by setbacks and failures.

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

Jamal began a furniture company and ran it for five years. Afterward, he started another company for selling home appliances and then an interior designing company. Jamal is a social entrepreneur.

Dealing with unexpected events is the norm for most entrepreneurs.

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

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 Labor 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