Question 1

Entrepreneurs possess all of the following traits EXCEPT ________.

Accepted Answer

A) tolerance for ambiguity 
B) creativity 
C) low self-confidence 
D) Vision 
A) tolerance for ambiguity 
B) creativity 
C) low self-confidence 
D) Vision

Question 2

What is intrapreneurship,and why is it important today?

Accepted Answer

Intrapreneurship is the process of promo

Question 3

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

Accepted Answer

A) serial entrepreneurs 
B) classic entrepreneurs 
C) change agents 
D) social entrepreneurs 
A) serial entrepreneurs 
B) classic entrepreneurs 
C) change agents 
D) social entrepreneurs

Question 4

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Accepted Answer

A) True 
 B)False

Question 5

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Accepted Answer

A) True 
 B)False

Question 6

Jada is opening her own bakery.Jada is an example of a(n)________.

Accepted Answer

A) manager 
B) entrepreneur 
C) minority executive 
D) venture capitalist 
A) manager 
B) entrepreneur 
C) minority executive 
D) venture capitalist

Question 7

Successful entrepreneurs operate in industries that are experiencing a lot of change.

Accepted Answer

A) True 
 B)False

Question 8

MATCHING
Complete the following using the terms listed.
-When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

Accepted Answer

A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan 
A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan

Question 9

When a 3M employee created Post-it notes for the corporation,3M greatly benefited from this skunkworks project.

Accepted Answer

A) True 
 B)False

Question 10

Entrepreneurs tolerate the uncertainties associated with starting a new business.

Accepted Answer

A) True 
 B)False

Question 11

MATCHING
Complete the following using the terms listed.
-A(n)_____ program is initiated by an employee who conceives an idea and then recruits resources from within the firm.

Accepted Answer

A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan 
A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan

Question 12

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Accepted Answer

A) True 
 B)False

Question 13

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

Accepted Answer

A) desire to succeed. 
B) creative energy. 
C) growth of their company. 
D) drive toward a goal. 
A) desire to succeed. 
B) creative energy. 
C) growth of their company. 
D) drive toward a goal.

Question 14

A(n)________ program is initiated by an employee who conceives of an idea.

Accepted Answer

A) wealth creation 
B) angel investor 
C) skunkworks 
D) entrepreneurship 
A) wealth creation 
B) angel investor 
C) skunkworks 
D) entrepreneurship

Question 15

More than 90 percent of companies use at least one social media tool.

Accepted Answer

A) True 
 B)False

Question 16

MATCHING
Complete the following using the terms listed.
-The significant increase of international marketing and sales by entrepreneurs is a result of _____.

Accepted Answer

A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan 
A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan

Question 17

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Accepted Answer

A) True 
 B)False

Question 18

Anna signs a contract with SUBWAY to own and run a branch of the company.Anna is a:

Accepted Answer

A) franchisor 
B) Intrapreneur 
C) Visionary 
D) Franchisee 
A) franchisor 
B) Intrapreneur 
C) Visionary 
D) Franchisee

Question 19

Entrepreneurs take necessary risks to set up and operate a business.

Accepted Answer

A) True 
 B)False

Question 20

MATCHING
Complete the following using the terms listed.
-_____ is the process of promoting innovation within their organizational structures.

Accepted Answer

A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan 
A) seed capital 
B) globalization 
C) angel investor 
D) venture capitalist 
E) debt financing
F)information technology
G)Debt financing
H)social entrepreneur
I)classic entrepreneur
J)business incubator
K)crowd funding
L)Skunkworks
M)intrapreneurship
N)business plan

Entrepreneurs possess all of the following traits EXCEPT ________.

What is intrapreneurship,and why is it important today?

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Jada is opening her own bakery.Jada is an example of a(n)________.

Successful entrepreneurs operate in industries that are experiencing a lot of change.

MATCHING Complete the following using the terms listed. -When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

When a 3M employee created Post-it notes for the corporation,3M greatly benefited from this skunkworks project.

Entrepreneurs tolerate the uncertainties associated with starting a new business.

MATCHING Complete the following using the terms listed. -A(n)_____ program is initiated by an employee who conceives an idea and then recruits resources from within the firm.

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

A(n)________ program is initiated by an employee who conceives of an idea.

More than 90 percent of companies use at least one social media tool.

MATCHING Complete the following using the terms listed. -The significant increase of international marketing and sales by entrepreneurs is a result of _____.

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Anna signs a contract with SUBWAY to own and run a branch of the company.Anna is a:

Entrepreneurs take necessary risks to set up and operate a business.

MATCHING Complete the following using the terms listed. -_____ is the process of promoting innovation within their organizational structures.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Small Business and Forms of Business Ownership

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 6: Starting Your Own Business

Entrepreneurs possess all of the following traits EXCEPT ________.

What is intrapreneurship,and why is it important today?

Franz and Arlene had an idea for a different type of ice cream.They struggled to open their own small business,and later,to expand production and distribution.Their products are distributed nationwide and their sales continue to increase.Franz and Arlene are examples of ________.

People should not attempt to convert their hobbies into a business,since starting a business is a serious venture.

Entrepreneurs enjoy guaranteed job security because no one can fire them.

Jada is opening her own bakery.Jada is an example of a(n)________.

Successful entrepreneurs operate in industries that are experiencing a lot of change.

MATCHING Complete the following using the terms listed. -When entrepreneurs use _____,they borrow money from banks,finance companies,and credit card companies,which must be repaid.

When a 3M employee created Post-it notes for the corporation,3M greatly benefited from this skunkworks project.

Entrepreneurs tolerate the uncertainties associated with starting a new business.

MATCHING Complete the following using the terms listed. -A(n)_____ program is initiated by an employee who conceives an idea and then recruits resources from within the firm.

Desire for improved quality of life is often a motivation for becoming an entrepreneur.

Entrepreneurs and small-business owners both have all of the following qualities EXCEPT:

A(n)________ program is initiated by an employee who conceives of an idea.

More than 90 percent of companies use at least one social media tool.

MATCHING Complete the following using the terms listed. -The significant increase of international marketing and sales by entrepreneurs is a result of _____.

Studies confirm that the personality traits common to entrepreneurs are very similar to those required for managerial success.

Anna signs a contract with SUBWAY to own and run a branch of the company.Anna is a:

Entrepreneurs take necessary risks to set up and operate a business.

MATCHING Complete the following using the terms listed. -_____ is the process of promoting innovation within their organizational structures.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Small Business and Forms of Business Ownership

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters