Exam 6: Starting Your Own Business: the Entrepreneurship Alternative

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)_____.

Explain how CEOs like George Buckley believe that intrapreneurship pays off despite the extra effort required.

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

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

Complete the following using the terms listed. -Loans from banks are a source of _____.

Zainab is opening her own bakery.Zainab is most likely to be categorized as a(n)_____.

Explain recent demographic and economic trends that create opportunities for entrepreneurs to market new goods and services.

Which characteristics of an entrepreneur does Mark Cuban,one of the "Shark investors" on the television series,Shark Tank,exemplify and how?

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

A(n)_____ is an event where computer programmers and software developers intensively collaborate on new developments.

Gary is in the process of using debt financing to fund his new venture.In this case,he is most likely to:

Aisha wants to start a business.She takes a personality test and discovers she possesses a trait that may reduce the likelihood of her success.Which of the following is that trait?

Describe the differences between entrepreneurs and small-business owners and managers.

Who is most likely to succeed as an entrepreneur?

_____ are specific geographic areas designated for economic revitalization.

Entrepreneurs are often easily discouraged by setbacks and failures.

Which of the following persons is LEAST likely to become an entrepreneur?

Equity financing may benefit an entrepreneur who possesses good ideas and skills,but has little or no money.

Buying a franchise offers a less risky way to begin a business than starting an entirely new firm.

Syed and Mica come up with an idea for making sugar-free ice cream.They open their own small business to cater to the needs of those who are health conscious.Their products are distributed nationwide and their sales continue to increase.Syed and Mica are examples of _____.