Question 1

Discuss the home-based entrepreneur. ​

Accepted Answer

Home-based entrepreneurs can be found in retail, services, health care, and literally any other industry. They represent 52 percent of all small business, and many of these are hobby businesses, consulting, and freelance-type businesses, but some compete in the same arena as brand name businesses with large facilities. Home-based business owners can tap into more resources than ever before from their desktops or mobile devices to locate help for any problem they may be facing, from finding business forms to seeking legal advice to learning how to start and run a business. In addition, U.S. tax laws have become friendlier to home-based business owners, who can take a deduction for their home office space and appropriate business expenses.

Question 2

____ comprise over fifty percent of all small businesses in the United States. ​

Accepted Answer

A) Startups 
B) Home-based businesses 
C) Nonprofit businesses 
D) Serial entrepreneurs ​ 
E) Corporate entrepreneurs 
A) Startups 
B) Home-based businesses 
C) Nonprofit businesses 
D) Serial entrepreneurs ​ 
E) Corporate entrepreneurs B

Question 3

One of the best ways to discover an opportunity is to study a/an ____ in depth. ​

Accepted Answer

A) company 
B) product 
C) industry ​ 
D) leader 
E) None of these choices 
A) company 
B) product 
C) industry ​ 
D) leader 
E) None of these choices C

Question 4

The most important element for success is abundant start-up capital.

Accepted Answer

A) True 
 B)False

Question 5

An entrepreneur who owns a minority or majority stake in several ventures is called a ____ entrepreneur.

Accepted Answer

A) portfolio ​ 
B) traditional 
C) serial 
D) nonprofit 
E) None of these choices 
A) portfolio ​ 
B) traditional 
C) serial 
D) nonprofit 
E) None of these choices

Question 6

Entrepreneurial-like ventures inside large companies may be formed using:

Accepted Answer

A) Opportunistic models 
B) Enabler models 
C) Advocate models 
D) Producer models 
E) All of these choices. 
A) Opportunistic models 
B) Enabler models 
C) Advocate models 
D) Producer models 
E) All of these choices.

Question 7

In what ways do entrepreneurial leaders have an advantage over heroic leaders?

Accepted Answer

Heroic leaders are lonely, wit

Question 8

In the United States, ____ entrepreneurship is most prevalent. ​

Accepted Answer

A) opportunity-driven 
B) efficiency-driven 
C) factor-driven 
D) necessity-driven 
E) passion-driven 
A) opportunity-driven 
B) efficiency-driven 
C) factor-driven 
D) necessity-driven 
E) passion-driven

Question 9

A very helpful exchange of information and resources can be gained from groups or organizations who form a:

Accepted Answer

A) network 
B) mentor 
C) self-starter 
D) leader 
E) All of these choices 
A) network 
B) mentor 
C) self-starter 
D) leader 
E) All of these choices

Question 10

What are the steps to increasing success as an entrepreneur?

Accepted Answer

Some steps include find a mentor; build

Question 11

An entrepreneur who starts one business and then moves on to start another is classified as a ____ entrepreneur.

Accepted Answer

A) portfolio ​ 
B) traditional 
C) serial 
D) nonprofit 
E) None of these choices 
A) portfolio ​ 
B) traditional 
C) serial 
D) nonprofit 
E) None of these choices

Question 12

What are some sources of business knowledge for entrepreneurs? Which is the most important?

Accepted Answer

Some sources are magazines, bo

Question 13

The chances of success for a new business startup are determined primarily by the size of the initial financial investment.

Accepted Answer

A) True 
 B)False

Question 14

____ serve as gateways to other networks, exerting influence between groups or networks rather than within groups. ​

Accepted Answer

A) Network brokers 
B) Angel investors 
C) Gateways 
D) Opinion leaders 
E) All of these choices 
A) Network brokers 
B) Angel investors 
C) Gateways 
D) Opinion leaders 
E) All of these choices

Question 15

Entrepreneurial leaders have a distinct advantage over ____ leaders because they see themselves as part of a team. ​

Accepted Answer

A) heroic 
B) charismatic 
C) visionary ​ 
D) both "heroic" and "charismatic" 
E) both "charismatic" and "visionary" 
A) heroic 
B) charismatic 
C) visionary ​ 
D) both "heroic" and "charismatic" 
E) both "charismatic" and "visionary"

Question 16

What's more important than start-up capital is: ​

Accepted Answer

A) size of the team 
B) size of the market 
C) amount of startup capital 
D) the amount of all resources 
E) desire for independence 
A) size of the team 
B) size of the market 
C) amount of startup capital 
D) the amount of all resources 
E) desire for independence

Question 17

The ____ in a professional network are the entrepreneur's acquaintances and business contacts.

Accepted Answer

A) strong ties ​ 
B) weak ties 
C) work ties 
D) partners 
E) mentors 
A) strong ties ​ 
B) weak ties 
C) work ties 
D) partners 
E) mentors

Question 18

A/An ____ is a group of companies that are engaged in similar or related activities. ​

Accepted Answer

A) network 
B) industry 
C) foreign market 
D) both "network" and "industry" 
E) None of these choices 
A) network 
B) industry 
C) foreign market 
D) both "network" and "industry" 
E) None of these choices

Question 19

One of the biggest problems that scientists and engineers face when they decide to consider entrepreneurship is the expectation that there should be formulas and straightforward "right or wrong" answers. ​

Accepted Answer

A) True 
 B)False

Question 20

In general, venture capitalists say that they will take a ____ and a large market opportunity in a fast-growing area over a great idea any day

Accepted Answer

A) big risk 
B) strong business plan 
C) passionate entrepreneur 
D) strong leader 
E) great team 
A) big risk 
B) strong business plan 
C) passionate entrepreneur 
D) strong leader 
E) great team

Discuss the home-based entrepreneur.

____ comprise over fifty percent of all small businesses in the United States.

One of the best ways to discover an opportunity is to study a/an ____ in depth.

The most important element for success is abundant start-up capital.

An entrepreneur who owns a minority or majority stake in several ventures is called a ____ entrepreneur.

Entrepreneurial-like ventures inside large companies may be formed using:

In what ways do entrepreneurial leaders have an advantage over heroic leaders?

In the United States, ____ entrepreneurship is most prevalent.

A very helpful exchange of information and resources can be gained from groups or organizations who form a:

What are the steps to increasing success as an entrepreneur?

An entrepreneur who starts one business and then moves on to start another is classified as a ____ entrepreneur.

What are some sources of business knowledge for entrepreneurs? Which is the most important?

The chances of success for a new business startup are determined primarily by the size of the initial financial investment.

____ serve as gateways to other networks, exerting influence between groups or networks rather than within groups.

Entrepreneurial leaders have a distinct advantage over ____ leaders because they see themselves as part of a team.

What's more important than start-up capital is:

The ____ in a professional network are the entrepreneur's acquaintances and business contacts.

A/An ____ is a group of companies that are engaged in similar or related activities.

One of the biggest problems that scientists and engineers face when they decide to consider entrepreneurship is the expectation that there should be formulas and straightforward "right or wrong" answers.

In general, venture capitalists say that they will take a ____ and a large market opportunity in a fast-growing area over a great idea any day

Understanding Entrepreneurship

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Exam 2: Preparing for the Entrepreneurial Journey

Discuss the home-based entrepreneur. ​

____ comprise over fifty percent of all small businesses in the United States. ​

One of the best ways to discover an opportunity is to study a/an ____ in depth. ​

The most important element for success is abundant start-up capital.

An entrepreneur who owns a minority or majority stake in several ventures is called a ____ entrepreneur.

Entrepreneurial-like ventures inside large companies may be formed using:

In what ways do entrepreneurial leaders have an advantage over heroic leaders?

In the United States, ____ entrepreneurship is most prevalent. ​

A very helpful exchange of information and resources can be gained from groups or organizations who form a:

What are the steps to increasing success as an entrepreneur?

An entrepreneur who starts one business and then moves on to start another is classified as a ____ entrepreneur.

What are some sources of business knowledge for entrepreneurs? Which is the most important?

The chances of success for a new business startup are determined primarily by the size of the initial financial investment.

____ serve as gateways to other networks, exerting influence between groups or networks rather than within groups. ​

Entrepreneurial leaders have a distinct advantage over ____ leaders because they see themselves as part of a team. ​

What's more important than start-up capital is: ​

The ____ in a professional network are the entrepreneur's acquaintances and business contacts.

A/An ____ is a group of companies that are engaged in similar or related activities. ​

One of the biggest problems that scientists and engineers face when they decide to consider entrepreneurship is the expectation that there should be formulas and straightforward "right or wrong" answers. ​

In general, venture capitalists say that they will take a ____ and a large market opportunity in a fast-growing area over a great idea any day

Understanding Entrepreneurship

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Discuss the home-based entrepreneur.

____ comprise over fifty percent of all small businesses in the United States.

One of the best ways to discover an opportunity is to study a/an ____ in depth.

In the United States, ____ entrepreneurship is most prevalent.

____ serve as gateways to other networks, exerting influence between groups or networks rather than within groups.

Entrepreneurial leaders have a distinct advantage over ____ leaders because they see themselves as part of a team.

What's more important than start-up capital is:

A/An ____ is a group of companies that are engaged in similar or related activities.

One of the biggest problems that scientists and engineers face when they decide to consider entrepreneurship is the expectation that there should be formulas and straightforward "right or wrong" answers.