Question 1

A ____ is a specific geographic area set aside for economic renewal.

Accepted Answer

A)  lifestyle entrepreneur
B)  globalization
C)  angel investor
D)  enterprise zone
E)  debt financing.F) internal locus of controlG) debt financingH) classic entrepreneurI) social entrepreneurJ) seed capitalK) venture capitalistL) intrapreneurshipM) urban reserveN) information technology D

Question 2

Discuss how an entrepreneur views job security.

Accepted Answer

A growing number of Canadian workers-both first-time job seekers and laid-off,long-term employees-are deciding to create their own job security by starting their own businesses.While running your own business doesn't guarantee job security,research has shown that most newly created jobs come from small businesses,with a significant share of those jobs coming from new companies.

Question 3

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

Accepted Answer

A)   An inquisitive person
B)   An intelligent person
C)   A calm,low-energy person
D)   A flexible person C

Question 4

Describe the differences between entrepreneurs and small-business managers.

Accepted Answer

The answer of Describe the differences between entrepreneurs and small-business...

Question 5

Growing numbers of businesses are using social media tools.

Accepted Answer

A) True 
 B)False

Question 6

The aging of the Canadian population has made it more difficult for entrepreneurs to find opportunities.

Accepted Answer

A) True 
 B)False

Question 7

Dina 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)   become her own boss
B)   increase her job security
C)   guarantee her financial success
D)   enjoy a higher quality of life

Question 8

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 controlG) debt financingH) classic entrepreneurI) social entrepreneurJ) seed capitalK) venture capitalistL) intrapreneurshipM) urban reserveN) information technology

Question 9

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

Accepted Answer

The answer of List the four factors that have contributed...

Question 10

Desire for self-management is the motivation that drives many entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

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

Question 12

An entrepreneur:

Accepted Answer

A)   owns controlling interest in a company.
B)   manages a business that operates in more than one country.
C)   accepts the risk of starting and running a business.
D)   manages a business for someone else.

Question 13

Using personal credit cards for business expenses is a good option for entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 14

________ are pioneers of innovations that benefit humanity.

Accepted Answer

A)   Classic entrepreneurs
B)   Change agents
C)   Atypical entrepreneurs
D)   Social entrepreneurs

Question 15

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

Question 16

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.

Question 17

The significant increase of international marketing and sales by entrepreneurs is a result of _____.

Accepted Answer

A)  lifestyle entrepreneur
B)  globalization
C)  angel investor
D)  enterprise zone
E)  debt financing.F) internal locus of controlG) debt financingH) classic entrepreneurI) social entrepreneurJ) seed capitalK) venture capitalistL) intrapreneurshipM) urban reserveN) information technology

Question 18

Collin works for a large bank that recently merged with another financial institution.Word of layoffs has been discussed.Collin is most likely to become an entrepreneur in order to ________.

Accepted Answer

A)   become his own boss
B)   obtain job security
C)   succeed financially
D)   improve his quality of life

Question 19

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.

Question 20

_____ helps entrepreneurs work quickly and efficiently,provide attentive customer service,increase sales,and project professional images.

Accepted Answer

A)  lifestyle entrepreneur
B)  globalization
C)  angel investor
D)  enterprise zone
E)  debt financing.F) internal locus of controlG) debt financingH) classic entrepreneurI) social entrepreneurJ) seed capitalK) venture capitalistL) intrapreneurshipM) urban reserveN) information technology

Exam 6: Starting Your Own Business: The Entrepreneurship Alternative

A ____ is a specific geographic area set aside for economic renewal.

Discuss how an entrepreneur views job security.

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

Describe the differences between entrepreneurs and small-business managers.

Growing numbers of businesses are using social media tools.

The aging of the Canadian population has made it more difficult for entrepreneurs to find opportunities.

Dina 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 ________.

To secure _____,entrepreneurs borrow money from banks,finance companies,credit card companies,and family and friends.

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

Desire for self-management is the motivation that drives many entrepreneurs.

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

An entrepreneur:

Using personal credit cards for business expenses is a good option for entrepreneurs.

________ are pioneers of innovations that benefit humanity.

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.

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) :

The significant increase of international marketing and sales by entrepreneurs is a result of _____.

Collin works for a large bank that recently merged with another financial institution.Word of layoffs has been discussed.Collin is most likely to become an entrepreneur in order to ________.

All of the following are important characteristics of entrepreneurs EXCEPT:

_____ helps entrepreneurs work quickly and efficiently,provide attentive customer service,increase sales,and project professional images.