Question 1

Encouraging intraprenuership will discourage employees to set up their own businesses.

Accepted Answer

A) True 
 B)False

Question 2

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT

Accepted Answer

A)  to be one's own boss. 
B)  to become a financial success. 
C)  to create employment opportunities for other people. 
D)  to create one's own job security. 
A)  to be one's own boss. 
B)  to become a financial success. 
C)  to create employment opportunities for other people. 
D)  to create one's own job security.

Question 3

Overseas, workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Accepted Answer

A) True 
 B)False

Question 4

Entrepreneurs follow their vision with ______.

Accepted Answer

A)  energy and excitement 
B)  compassion 
C)  humility 
D)  all of the above 
A)  energy and excitement 
B)  compassion 
C)  humility 
D)  all of the above

Question 5

Which of the following resources are essential to the entrepreneur?

Accepted Answer

A)  human, financial, equipment and facility 
B)  time, risk, human resource, machinery 
C)  education, risk, financial and suppliers 
A)  human, financial, equipment and facility 
B)  time, risk, human resource, machinery 
C)  education, risk, financial and suppliers

Question 6

After starting a web design company while still in college, Rodrigo sold the company after graduation. He then opened a computer repair shop; and most recently, he has started a marketing firm that specializes in social media. Rodrigo is an example of a(n)

Accepted Answer

A)  classic entrepreneur. 
B)  social entrepreneur. 
C)  serial entrepreneur. 
D)  lifestyle entrepreneur. 
A)  classic entrepreneur. 
B)  social entrepreneur. 
C)  serial entrepreneur. 
D)  lifestyle entrepreneur.

Question 7

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

Accepted Answer

A)  debt financing 
B)  venture financing 
C)  sole proprietor financing 
D)  equity financing 
A)  debt financing 
B)  venture financing 
C)  sole proprietor financing 
D)  equity financing

Question 8

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Accepted Answer

A) True 
 B)False

Question 9

Entrepreneurs who run small businesses from their homes are called ______.

Accepted Answer

A)  small-business managers 
B)  serial entrepreneurs 
C)  homepreneurs 
D)  intrapreneurs 
A)  small-business managers 
B)  serial entrepreneurs 
C)  homepreneurs 
D)  intrapreneurs

Question 10

List the four factors that have contributed to the expansion in entrepreneurship.

Accepted Answer

The four factors are (1) globa

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Purchasing a franchise eliminates any risk for a new entrepreneur.

Accepted Answer

A) True 
 B)False

Question 13

Complete the following using the terms listed below.
-To secure ______, entrepreneurs borrow money from banks, finance companies, credit card companies, and family and friends.

Accepted Answer

A) lifestyle entrepreneur. 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control.
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology 
A) lifestyle entrepreneur. 
B) globalization 
C) angel investor 
D) enterprise zone 
E) debt financing.
F)internal locus of control.
G)debt financing
H)classic entrepreneur
I)social entrepreneur
J)seed capital
K)venture capitalist
L)intrapreneurship
M)urban reserve
N)information technology

Question 14

Growth in entrepreneurship is a worldwide phenomenon.

Accepted Answer

A) True 
 B)False

Question 15

An important part of launching any new business is establishing a code of ethics.

Accepted Answer

A) True 
 B)False

Question 16

About 35 percent of large firms do set aside funds to support intrapreneurship.

Accepted Answer

A) True 
 B)False

Question 17

Jamal recently launched his grocery delivery service. He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 18

______ and ______ are critical factors to consider in starting up a business.

Accepted Answer

A)  Age; gender 
B)  Government support; Family support 
C)  Finding something the entrepreneur loves to do; finding an idea that meets a need in the marketplace 
D)  Business plan; human resource 
A)  Age; gender 
B)  Government support; Family support 
C)  Finding something the entrepreneur loves to do; finding an idea that meets a need in the marketplace 
D)  Business plan; human resource

Question 19

Many colleges and universities offer programs in entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 20

James Smith analyzed the census data of Canada and realizes the population is growing faster than that of housing development. He initiates savings to invest in real estate in the next two years. James Smith can be classified under what category of entrepreneur

Accepted Answer

A)  risk taker 
B)  social 
C)  classic 
D)  serial 
A)  risk taker 
B)  social 
C)  classic 
D)  serial

Encouraging intraprenuership will discourage employees to set up their own businesses.

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT

Overseas, workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Entrepreneurs follow their vision with ______.

Which of the following resources are essential to the entrepreneur?

After starting a web design company while still in college, Rodrigo sold the company after graduation. He then opened a computer repair shop; and most recently, he has started a marketing firm that specializes in social media. Rodrigo is an example of a(n)

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

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Entrepreneurs who run small businesses from their homes are called ______.

List the four factors that have contributed to the expansion in entrepreneurship.

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

Purchasing a franchise eliminates any risk for a new entrepreneur.

Complete the following using the terms listed below. -To secure ______, entrepreneurs borrow money from banks, finance companies, credit card companies, and family and friends.

Growth in entrepreneurship is a worldwide phenomenon.

An important part of launching any new business is establishing a code of ethics.

About 35 percent of large firms do set aside funds to support intrapreneurship.

Jamal recently launched his grocery delivery service. He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

and are critical factors to consider in starting up a business.

Many colleges and universities offer programs in entrepreneurship.

James Smith analyzed the census data of Canada and realizes the population is growing faster than that of housing development. He initiates savings to invest in real estate in the next two years. James Smith can be classified under what category of entrepreneur

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 Labour 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

Encouraging intraprenuership will discourage employees to set up their own businesses.

The primary reasons people become entrepreneurs include all of the following reasons EXCEPT

Overseas, workers have yet to discover the benefits of entrepreneurship compared to employment by big firms.

Entrepreneurs follow their vision with ______.

Which of the following resources are essential to the entrepreneur?

After starting a web design company while still in college, Rodrigo sold the company after graduation. He then opened a computer repair shop; and most recently, he has started a marketing firm that specializes in social media. Rodrigo is an example of a(n)

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

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Entrepreneurs who run small businesses from their homes are called ______.

List the four factors that have contributed to the expansion in entrepreneurship.

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

Purchasing a franchise eliminates any risk for a new entrepreneur.

Complete the following using the terms listed below. -To secure ______, entrepreneurs borrow money from banks, finance companies, credit card companies, and family and friends.

Growth in entrepreneurship is a worldwide phenomenon.

An important part of launching any new business is establishing a code of ethics.

About 35 percent of large firms do set aside funds to support intrapreneurship.

Jamal recently launched his grocery delivery service. He is taking advantage of an economic trend that has increased the opportunities for entrepreneurs.

______ and ______ are critical factors to consider in starting up a business.

Many colleges and universities offer programs in entrepreneurship.

James Smith analyzed the census data of Canada and realizes the population is growing faster than that of housing development. He initiates savings to invest in real estate in the next two years. James Smith can be classified under what category of entrepreneur

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 Labour 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

and are critical factors to consider in starting up a business.