Exam 1: Buying a Franchise

These entrepreneurs go on to build larger companies through hiring and delegation of authority.

There is considerable evidence which suggests that the "right stuff" needed to become a successful entrepreneur can be learned.

You can usually identify __________ by the fact that their companies grow by more than 30 percent annually.

Despite scoring high on the Entrepreneurial Quiz,your venture is unlikely to succeed if you fail to demonstrate:

List and briefly describe the three entrepreneurial archetypes developed by John Warrillow.

Which of the following did Robinson et al.define as the predisposition of the individual to respond in a generally favourable or unfavourable manner with respect to innovation?

Most entrepreneurs are self-confident,and with this confidence comes a strong ego.

Many small business owners experience an immediate increase in the level of personal income they can earn.

In a study of inductees into the Babson University Academy of Distinguished Entrepreneurs,the three attributes and behaviours cited as the principal reasons for entrepreneurial success are:

In addition to the proper background,attitude,and lifestyle,what else should be considered in assessing your potential for becoming a successful entrepreneur?

Which type of entrepreneur takes advantage of the fact that unit costs tend to shrink as volume expands?

The personal net worth required to start a business is generally said to be:

Outline the five steps in preparing a personal balance sheet.

Well-known social entrepreneurs include all of the following,except:

The best entrepreneurs have a keen sense of their own strengths and weaknesses and of the competitive environment in which they operate.This makes them _______ -oriented.

Most entrepreneurs are described as having a high risk tolerance.Do you agree or disagree? Why?

The higher your number of most desirable responses on the Entrepreneurial Quiz:

Of the many attributes shared by successful entrepreneurs,which of those is believed to be the most critical to their success? Explain.

Agencies such as Equifax Canada Inc.assemble information about how you pay your bills and then enter this information into your credit file.An individual who is always late in paying their bills is given a rating of:

Social entrepreneurship refers to the discovery,evaluation,and exploitation of opportunities for financial profit.