Question 1

Entrepreneurs must repay the money sourced through angel investors.

Accepted Answer

A) True 
 B)False

Question 2

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Accepted Answer

A) True 
 B)False

Question 3

Vaida is a single mother who is required to work evenings and weekends at a local retail store. She is thinking of starting a consulting business primarily so she can _____.

Accepted Answer

A)  have guaranteed job security 
B)  avoid taking risks 
C)  have guaranteed financial success 
D)  enjoy a higher quality of life 
A)  have guaranteed job security 
B)  avoid taking risks 
C)  have guaranteed financial success 
D)  enjoy a higher quality of life

Question 4

What is intrapreneurship, and why is it important today?

Accepted Answer

Intrapreneurship is the process of promo

Question 5

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

Accepted Answer

The four main reasons for beco

Question 6

As a rule, entrepreneurs believe in their ability to succeed.

Accepted Answer

A) True 
 B)False

Question 7

Owning a business, by definition, means that you are an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 8

A targeted employment area is generally an urban area with a high rate of employment, making it a hotbed for prospective startup businesses.

Accepted Answer

A) True 
 B)False

Question 9

Miguel is a wealthy person who focuses on investing in new ventures. He is looking to invest money directly into a new consulting business in return for equity in the company. Michael is an example of a(n) _____.

Accepted Answer

A)  franchisor 
B)  stock broker 
C)  angel investor 
D)  franchisee 
A)  franchisor 
B)  stock broker 
C)  angel investor 
D)  franchisee

Question 10

MATCHING
Complete the following using the terms listed.
-A person who identifies a business opportunity and allocates available resources to tap that market is a(n) _____.

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 11

All of the following are important characteristics of entrepreneurs EXCEPT:

Accepted Answer

A)  tolerance for failure. 
B)  internal locus of control. 
C)  creativity. 
D)  dependence on others. 
A)  tolerance for failure. 
B)  internal locus of control. 
C)  creativity. 
D)  dependence on others.

Entrepreneurs must repay the money sourced through angel investors.

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Vaida is a single mother who is required to work evenings and weekends at a local retail store. She is thinking of starting a consulting business primarily so she can _____.

What is intrapreneurship, and why is it important today?

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

As a rule, entrepreneurs believe in their ability to succeed.

Owning a business, by definition, means that you are an entrepreneur.

A targeted employment area is generally an urban area with a high rate of employment, making it a hotbed for prospective startup businesses.

Miguel is a wealthy person who focuses on investing in new ventures. He is looking to invest money directly into a new consulting business in return for equity in the company. Michael is an example of a(n) _____.

MATCHING Complete the following using the terms listed. -A person who identifies a business opportunity and allocates available resources to tap that market is a(n) _____.

All of the following are important characteristics of entrepreneurs EXCEPT:

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

Entrepreneurs must repay the money sourced through angel investors.

Banks cannot research an entrepreneur's personal credit history when making lending decisions.

Vaida is a single mother who is required to work evenings and weekends at a local retail store. She is thinking of starting a consulting business primarily so she can _____.

What is intrapreneurship, and why is it important today?

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

As a rule, entrepreneurs believe in their ability to succeed.

Owning a business, by definition, means that you are an entrepreneur.

A targeted employment area is generally an urban area with a high rate of employment, making it a hotbed for prospective startup businesses.

Miguel is a wealthy person who focuses on investing in new ventures. He is looking to invest money directly into a new consulting business in return for equity in the company. Michael is an example of a(n) _____.

MATCHING Complete the following using the terms listed. -A person who identifies a business opportunity and allocates available resources to tap that market is a(n) _____.

All of the following are important characteristics of entrepreneurs EXCEPT:

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