Question 1

According to the survey cited in this chapter, which of the following was not one of the most important innovations since 1980?

Accepted Answer

A) The Internet 
B) Cell phones 
C) Personal computers 
D) Digital imagery 
E) E-mail 
A) The Internet 
B) Cell phones 
C) Personal computers 
D) Digital imagery 
E) E-mail

Question 2

Which term is used to describe business churning?

Accepted Answer

A) Artificial evolution 
B) Evolving transition 
C) Making the butter 
D) Business expansion 
E) Creative destruction 
A) Artificial evolution 
B) Evolving transition 
C) Making the butter 
D) Business expansion 
E) Creative destruction

Question 3

At the turn of the 20th century, about 50% of US workers worked in either the agricultural or the domestic service spheres.Approximately 100 years later that percentage had decreased to which of the following figures?

Accepted Answer

A) 4% 
B) 10% 
C) 16% 
D) 22% 
E) 35% 
A) 4% 
B) 10% 
C) 16% 
D) 22% 
E) 35%

Question 4

Baby business managers are owners-managers who are actively trying to start a new business but who have not yet done so.

Accepted Answer

A) True 
 B)False

Question 5

What percent of American, four-year colleges have courses in entrepreneurship?

Accepted Answer

A) 13 
B) 43 
C) 55 
D) 60 
E) 78 
A) 13 
B) 43 
C) 55 
D) 60 
E) 78

Question 6

The professionalization of the entrepreneurial process, which has developed over the last 20 years, has almost eliminated the need for young entrepreneurs to write business plans themselves.

Accepted Answer

A) True 
 B)False

Question 7

Explain what the Global Entrepreneurship Monitor (GEM)is.

Accepted Answer

@#LAT-DLM&It was conceived in 1997 to study the ec

Question 8

Who, in your opinion, would benefit from the creative destruction process and why?

Accepted Answer

@#LAT-DLM&Economy - stays healthy and primed for g

Question 9

Which software application was the predecessor to the Lotus 1-2-3 spreadsheet?

Accepted Answer

A) Microsoft Excel 
B) MasterFile 
C) Financial Works 
D) FileMaker 
E) VisiCalc 
A) Microsoft Excel 
B) MasterFile 
C) Financial Works 
D) FileMaker 
E) VisiCalc

Question 10

What percentage of new business ventures typically survive their first 5 years of operation?

Accepted Answer

A) 100 
B) 81 
C) 65 
D) 40 
E) 25 
A) 100 
B) 81 
C) 65 
D) 40 
E) 25

Question 11

By 2011, what percentage of the world's population had become Internet users?

Accepted Answer

A) 2 
B) 16 
C) 33 
D) 60 
E) 57 
A) 2 
B) 16 
C) 33 
D) 60 
E) 57

Question 12

Why is the Internet one of the most revolutionary developments in the history of commercial innovation?

Accepted Answer

@#LAT-DLM&The internet provided businesses with mi

Question 13

Approximately 66% of all businesses start in the owner's home, but fail to grow primarily because the entrepreneur hires too many full-time workers.

Accepted Answer

A) True 
 B)False

Question 14

Five percent of American adults report they "invested" in someone else's venture in the last three years.

Accepted Answer

A) True 
 B)False

Question 15

Walmart and Home Depot, collectively, employ 1.8% of the US workforce.

Accepted Answer

A) True 
 B)False

Question 16

How many business incubators were in the US in 2006?

Accepted Answer

A) 240 
B) 764 
C) 850 
D) 1115 
E) 2076 
A) 240 
B) 764 
C) 850 
D) 1115 
E) 2076

Question 17

According to ACNielsen International Research, the most common reason for a person's desire to start a business is to increase his or her income.

Accepted Answer

A) True 
 B)False

Question 18

Virtual companies are so called because they outsource much of their work.

Accepted Answer

A) True 
 B)False

Question 19

70% of the employment growth in the U.S.comes from only 10% of all firms.

Accepted Answer

A) True 
 B)False

Question 20

The boom and bust cycle of the dot-com era is similar to other periods of commercial innovation

Accepted Answer

A) True 
 B)False

According to the survey cited in this chapter, which of the following was not one of the most important innovations since 1980?

Which term is used to describe business churning?

At the turn of the 20^th century, about 50% of US workers worked in either the agricultural or the domestic service spheres.Approximately 100 years later that percentage had decreased to which of the following figures?

Baby business managers are owners-managers who are actively trying to start a new business but who have not yet done so.

What percent of American, four-year colleges have courses in entrepreneurship?

The professionalization of the entrepreneurial process, which has developed over the last 20 years, has almost eliminated the need for young entrepreneurs to write business plans themselves.

Explain what the Global Entrepreneurship Monitor (GEM)is.

Who, in your opinion, would benefit from the creative destruction process and why?

Which software application was the predecessor to the Lotus 1-2-3 spreadsheet?

What percentage of new business ventures typically survive their first 5 years of operation?

By 2011, what percentage of the world's population had become Internet users?

Why is the Internet one of the most revolutionary developments in the history of commercial innovation?

Approximately 66% of all businesses start in the owner's home, but fail to grow primarily because the entrepreneur hires too many full-time workers.

Five percent of American adults report they "invested" in someone else's venture in the last three years.

Walmart and Home Depot, collectively, employ 1.8% of the US workforce.

How many business incubators were in the US in 2006?

According to ACNielsen International Research, the most common reason for a person's desire to start a business is to increase his or her income.

Virtual companies are so called because they outsource much of their work.

70% of the employment growth in the U.S.comes from only 10% of all firms.

The boom and bust cycle of the dot-com era is similar to other periods of commercial innovation

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 1: The Power of Entrepreneurship

According to the survey cited in this chapter, which of the following was not one of the most important innovations since 1980?

Which term is used to describe business churning?

At the turn of the 20th century, about 50% of US workers worked in either the agricultural or the domestic service spheres.Approximately 100 years later that percentage had decreased to which of the following figures?

Baby business managers are owners-managers who are actively trying to start a new business but who have not yet done so.

What percent of American, four-year colleges have courses in entrepreneurship?

The professionalization of the entrepreneurial process, which has developed over the last 20 years, has almost eliminated the need for young entrepreneurs to write business plans themselves.

Explain what the Global Entrepreneurship Monitor (GEM)is.

Who, in your opinion, would benefit from the creative destruction process and why?

Which software application was the predecessor to the Lotus 1-2-3 spreadsheet?

What percentage of new business ventures typically survive their first 5 years of operation?

By 2011, what percentage of the world's population had become Internet users?

Why is the Internet one of the most revolutionary developments in the history of commercial innovation?

Approximately 66% of all businesses start in the owner's home, but fail to grow primarily because the entrepreneur hires too many full-time workers.

Five percent of American adults report they "invested" in someone else's venture in the last three years.

Walmart and Home Depot, collectively, employ 1.8% of the US workforce.

How many business incubators were in the US in 2006?

According to ACNielsen International Research, the most common reason for a person's desire to start a business is to increase his or her income.

Virtual companies are so called because they outsource much of their work.

70% of the employment growth in the U.S.comes from only 10% of all firms.

The boom and bust cycle of the dot-com era is similar to other periods of commercial innovation

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

At the turn of the 20^th century, about 50% of US workers worked in either the agricultural or the domestic service spheres.Approximately 100 years later that percentage had decreased to which of the following figures?