Question 1

In a short essay, describe the contents of the business description part of a full business plan.

Accepted Answer

A business description describes how an

Question 2

After four years, ________ business.

Accepted Answer

A) 56 percent of entrepreneurial ventures are out of 
B) 56 percent of entrepreneurial ventures are still in 
C) 31 percent of entrepreneurial ventures are out of 
D) two-thirds of entrepreneurial ventures are out of 
A) 56 percent of entrepreneurial ventures are out of 
B) 56 percent of entrepreneurial ventures are still in 
C) 31 percent of entrepreneurial ventures are out of 
D) two-thirds of entrepreneurial ventures are out of

Question 3

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

Accepted Answer

If the entrepreneur has trouble delegati

Question 4

Identification of the organization's key personnel would be included in this section of a full business plan.

Accepted Answer

A) analysis of the context 
B) analysis of opportunity 
C) description of the business 
D) executive summary 
A) analysis of the context 
B) analysis of opportunity 
C) description of the business 
D) executive summary

Question 5

The mission statement of an entrepreneurial venture would be included in this section of a full business plan.

Accepted Answer

A) analysis of opportunity 
B) description of the business 
C) executive summary 
D) analysis of the context 
A) analysis of opportunity 
B) description of the business 
C) executive summary 
D) analysis of the context

Question 6

In a short essay, describe the contents of the executive summary part of a full business plan.

Accepted Answer

An executive summary is sort of a mini-v

Question 7

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

Accepted Answer

In planning an entrepreneurial venture,

Question 8

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is the best one-word definition of a successful entrepreneur?

Accepted Answer

A) aggressive 
B) stubborn 
C) ambitious 
D) unpredictable 
A) aggressive 
B) stubborn 
C) ambitious 
D) unpredictable

Question 10

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

Accepted Answer

A) states a mission 
B) selects a legal business organization form 
C) creates a business plan 
D) selects an organizational design 
A) states a mission 
B) selects a legal business organization form 
C) creates a business plan 
D) selects an organizational design

Question 11

The fourth step in the initial (pre-planning)phase of the entrepreneurial process is ________.

Accepted Answer

A) exploring finance options 
B) researching the venture's feasibility 
C) pinpointing potential competitive advantages 
D) identifying potential opportunities 
A) exploring finance options 
B) researching the venture's feasibility 
C) pinpointing potential competitive advantages 
D) identifying potential opportunities

Question 12

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

Accepted Answer

A) low 
B) high 
C) falling 
D) neither rising nor falling 
A) low 
B) high 
C) falling 
D) neither rising nor falling

Question 13

This is the the most complete and comprehensive type of business plan.

Accepted Answer

A) executive summary 
B) full business plan 
C) summary business plan 
D) synopsis-type plan 
A) executive summary 
B) full business plan 
C) summary business plan 
D) synopsis-type plan

Question 14

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

Accepted Answer

A) True 
 B)False

Question 15

A person with a proactive personality is someone who ________.

Accepted Answer

A) takes action 
B) avoids taking action 
C) is entrepreneurial 
D) is not entrepreneurial 
A) takes action 
B) avoids taking action 
C) is entrepreneurial 
D) is not entrepreneurial

Question 16

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

Accepted Answer

A) True 
 B)False

Question 17

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

Accepted Answer

A) True 
 B)False

Question 18

This is typically the second step in the initial (pre-planning)phase of the entrepreneurial process.

Accepted Answer

A) researching the venture's feasibility 
B) identifying potential opportunities 
C) exploring finance options 
D) pinpointing potential competitive advantages 
A) researching the venture's feasibility 
B) identifying potential opportunities 
C) exploring finance options 
D) pinpointing potential competitive advantages

Question 19

A context analysis sizes up the target market and evaluates possible competitors to the company.

Accepted Answer

A) True 
 B)False

Question 20

At an entrepreneurial organization, job candidates are more likely to hear about ________ than they will at conventional organizations.

Accepted Answer

A) benefits 
B) monetary compensation 
C) advancement through the ranks 
D) learning opportunities 
A) benefits 
B) monetary compensation 
C) advancement through the ranks 
D) learning opportunities

In a short essay, describe the contents of the business description part of a full business plan.

After four years, ________ business.

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

Identification of the organization's key personnel would be included in this section of a full business plan.

The mission statement of an entrepreneurial venture would be included in this section of a full business plan.

In a short essay, describe the contents of the executive summary part of a full business plan.

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Which of the following is the best one-word definition of a successful entrepreneur?

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

The fourth step in the initial (pre-planning)phase of the entrepreneurial process is ________.

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

This is the the most complete and comprehensive type of business plan.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

A person with a proactive personality is someone who ________.

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

This is typically the second step in the initial (pre-planning)phase of the entrepreneurial process.

A context analysis sizes up the target market and evaluates possible competitors to the company.

At an entrepreneurial organization, job candidates are more likely to hear about ________ than they will at conventional organizations.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Quantitative Module

Appendix: Career Module

Filters

Exam 17: Appendix: Entrepreneurship Module

In a short essay, describe the contents of the business description part of a full business plan.

After four years, ________ business.

In a short essay, describe how an entrepreneur who is reluctant to empower employees might go about the process.

Identification of the organization's key personnel would be included in this section of a full business plan.

The mission statement of an entrepreneurial venture would be included in this section of a full business plan.

In a short essay, describe the contents of the executive summary part of a full business plan.

In a short essay, describe the steps an entrepreneur typically takes in planning and organizing an entrepreneurial venture.

Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Which of the following is the best one-word definition of a successful entrepreneur?

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

The fourth step in the initial (pre-planning)phase of the entrepreneurial process is ________.

In the wake of the recent economic downturn, statistics show that entrepreneurship is ________.

This is the the most complete and comprehensive type of business plan.

Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

A person with a proactive personality is someone who ________.

If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

The classic "entrepreneurial personality" is a person who is high in self-confidence, motivation, and energy.

This is typically the second step in the initial (pre-planning)phase of the entrepreneurial process.

A context analysis sizes up the target market and evaluates possible competitors to the company.

At an entrepreneurial organization, job candidates are more likely to hear about ________ than they will at conventional organizations.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Quantitative Module

Appendix: Career Module

Filters