Exam 1: Understanding Entrepreneurship

Entrepreneurial ventures are not responsible for significant job creation.

Entrepreneurship is a form of creative destruction.

The ____ microprocessor affected the technological revolution of the 1970s. ​

The entrepreneurial mindset cannot be found within large corporations or socially responsible nonprofit organizations.

The term entrepreneur has been popular in the United States since the ____.

An example of new industry formation, Apple's iPhone, introduced on January 9, 2007, spurred the development of this new industry:

____ entrepreneurship is characteristic of small lifestyle businesses. ​

New trends in entrepreneurship are. ​

The late 1990s brought the "dot com" bubble and the rush of the ____ community to position itself for what appeared to be a new way of doing business. ​

What is the lean startup movement?

Entrepreneurship provides many benefits to society, chiefly ____, new industry formation, and ____.

Entrepreneurial ventures are responsible for job creation that is disproportionate to the net total new jobs created in the U.S. over the past 25 years.

In general, high-impact entrepreneurial ventures have three primary characteristics. They are:

The term entrepreneur has been in popular use for more than 100 years.

The 1970s saw the beginning of three significant trends that would forever change the face of business: macroeconomic turmoil, ____, and the technological revolution.

More than perhaps anything else, the 1990s were characterized as the ____.

Entrepreneurs typically have a vision of where they want their businesses to go, and generally that vision is on a regional, national, or (more often)____ level.

Responding to this entrepreneurial drive, big business in the 1980s found it necessary to downsize and reverse the trend of ____ it had promulgated for so long.

The ____ has been called the Decade of Entrepreneurship. ​

Zambia and Nigeria have ____ economies.