Exam 6: Starting Your Own Business: the Entrepreneurship Alternative

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

All entrepreneurs exhibit some common traits. Mention and explain five of those traits.

All of the following are important characteristics of entrepreneurs EXCEPT

Based on what you learned from the chapter, mention and explain four distinguishing characteristics of entrepreneurs and small-business owners?

David began a lumber company and ran it for five years. Afterward, he started up a paper company and then an office company. David is a serial entrepreneur.

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Which of the following is NOT an essential trait of a good entrepreneur?

Michael is a successful financial advisor looking to invest money directly into a new consulting business in return for equity in the company. Michael is an example of a(n) ______.

Describe how social networking has transformed the business environment for entrepreneurs.

Social entrepreneurs focus on what type of problems as a business opportunity?

Explain the difference between debt financing and equity financing.

Globalization and information technology present mutually supportive environments for increased marketing opportunities for an entrepreneur. Suppose you are to invest as an entrepreneur, how would your globalization and information technology help your business?

Obtaining financing for an existing business is easier than it is for most startup companies.

Distinguish between venture capitalists and angel investors.

______ are business organizations or groups of private individuals who invest in new or growing firms.

The process of promoting an innovation within the structure of an existing organization is referred to as

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

A business plan describe as one of the most important documents for new entrepreneur

All of the following are major advantages of buying an existing business over starting a new business EXCEPT

Elian wants to start a business. He takes a personality test and discovers he possesses a trait that may reduce the likelihood he will succeed. Which of the following is that trait?