FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 6: Entrepreneurship

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Multiple Choice

Review LaterAdd Note

Review Later

A description of the good or service, an assessment of the opportunity, an assessment of the entrepreneur, specification of activities and resources needed to translate the idea into a viable business, and the source(s) of capital together make up a(n) :

A) business plan.
B) control system.
C) opportunity analysis.
D) business audit.
E) organization chart.

F) A) and B)
G) B) and D)

Correct Answer

verified

Show Answer

Question 2

Multiple Choice

Review LaterAdd Note

Review Later

Entrepreneurs may be able to capitalize on _____ that refers to finding unexpected opportunities after heading down a road, even if their original idea does not work.

A) the demographic changes
B) the side street effect
C) bootlegging
D) skunkworks
E) advertising support

F) All of the above
G) A) and B)

Correct Answer

verified

B

Question 3

True/False

Review LaterAdd Note

Corporate managers who create new independent businesses with the benefit of corporate support are known as intrapreneurs.

Scenario D. Use the information provided to answer the questions that follow. Ashton has begun the planning process for his entrepreneurial venture. He has completed an assessment of his vision to operate a full-service shuttle service for the elderly, for which he feels there is a strong market. He has a good understanding of the availability of his own resources and his personal traits to manage the business. Now, he is prepared to start compiling functional plans for marketing, finance, and human resources so that he can obtain the financing he will need to start. He is also deciding how to develop the right reputation and create the proper networks to find employees and customers as well as get advice from fellow businesspeople. -If, after the current assessment, Ashton still believes in the potential of the venture, he should now proceed with which step of the planning process?

While working at a software company, Ronald has created a new venture based solely on his idea while using his company's proprietary technology. Ronald can be described as a(n) :

Which of the following improves the odds of survival of a venture?

As the business grows, entrepreneurs often hesitate to delegate work they are used to doing.

In the context of successful business models for e-commerce, the _____ model involves charging fees to direct Internet website visitors to other companies' websites.

In the context of starting an entrepreneurial venture, the first formal step is:

Describe the five key planning elements used in developing the best business plans.

Describe some of the characteristics that make a person more likely to succeed as an entrepreneur.

Describe the differences between entrepreneurs, inventors, promoters, and managers.

Laura recently started her own business. She has nearly recreated a company she worked for previously. But, she has great business acumen and has been able to run her business much more efficiently and profitably. Laura is a(n) :

Which of the following is a benefit of business incubators?

Which of the following is true of entrepreneurial ventures?

Business incubators, often located in industrial parks or abandoned factories, are protected environments for new, small businesses.

The success of entrepreneurial venture is often jeopardized by the death of the founder. Which of the following is an important measure to minimize this problem?

Your roommate wants to start a business and everybody has been giving her various kinds of advice about being an entrepreneur. Which of the following statements is true of entrepreneurship?

In the context of the entrepreneurial strategy matrix, most small business ventures are in the lower right quadrant where innovation is low and risk is high.

Which of the following devotes too much attention to financial projections while neglecting other important information that is important to investors?