Exam 1: Understanding Entrepreneurship

____ was not alone in asserting that the United States was rapidly and by necessity becoming an entrepreneurial economy.

The annual Global Entrepreneurship Monitor divides countries into three groups based on where the country stands in terms of growth. In 2013, these three categories were: ​

Entrepreneurship can be found in some form in every country, race, age group, and (increasingly)in women as often as in men.

The time prior to a firm's birth is called the fuzzy front end.

Price water house Coopers is optimistic that: ​

As entrepreneurial firms achieve noticeable levels of success and a new industry grows, it generally becomes more ____ as a result of so many firms competing for position.

During the Decade of entrepreneurship, the work of Paul Romer identified this as a critical element of a growth model that responds to market incentives. .

Firms that are most likely to survive over the long term are those that display superior levels of reliability and accountability in performance, ____, and structure.

The Small Business Administration reports that about half of all new businesses will survive this many years or more:

"Digital Anonymity" means. ​