When an enterprising individual pursues a lucrative opportunity, it is known as
bootlegging
speculation
horse trading
entrepreneurship
franchising correct answers entrepreneurship
A(n) _____ differs from an entrepreneurial venture in that it is not managed aggressively, and its owners exp...
A(n) _____ differs from an entrepreneurial venture in that it is not managed aggressively, and its
owners expect normal, moderate levels of sales, profits, and growth.
global venture
Internet start-up
small business
intrapreneurial team
speculative venture correct answers small business
Which of the following is a key difference between an entrepreneur and an intrapreneur?
1. An entrepreneur makes use of corporate resources, whereas an intrapreneur does not.
2. An entrepreneur has less knowledge of business, whereas an intrapreneur is more
knowledgeable.
3. An entrepreneur works longer and harder, whereas an intrapreneur is laid back and easy going.
4. An entrepreneur receives no corporate support, whereas an intrapreneur has the benefit of
corporate support.
5. An entrepreneur has more knowledge of business, whereas an intrapreneur lacks business
knowledge. correct answers 4. An entrepreneur receives no corporate support, whereas an
intrapreneur has the benefit of corporate support.
Who among the following most likely possesses the key characteristics of a successful
entrepreneur?
1. Kim feels that she is a born leader and believes that she would make a successful entrepreneur.
2. Marci says that she is very good at gambling and feels that she would make a successful
entrepreneur.
3. Han has scored 670 in his SATs and is sure that he would be a successful entrepreneur.
4. Toni is an extremely independent individual and feels that independence should ensure her
success as an entrepreneur.
5. Juana is very innovative and knowledgeable and believes that she would be a successful
entrepreneur. correct answers 5. Juana is very innovative and knowledgeable and believes that
she would be a successful entrepreneur.
Which of the following is an example of an entrepreneurial opportunity categorized under
economic dislocations?
rising oil prices
growing interest in sports
strict energy efficiency requirements
terrorist attacks
natural disasters correct answers rising oil prices
An entrepreneurial alliance between an innovator who has created at least one successful store
and wants to grow and a partner who manages a new store of the same type in a new location is
called
Which of the following e-commerce business models brings buyers and sellers together and
charges a commission for each sale?
the transaction fee model
the affiliate model
the intermediary model
the subscription model
the conglomerate model correct answers the intermediary model
Which of the following is true about social entrepreneurship?
It is similar to corporate social responsibility.
It benefits the society but fails to provide economic value.
Profit is the key guiding principle.
It creates economic value and social benefits simultaneously.
It incorporates social values alone in its decision making and mainstream thinking. correct
answers It creates economic value and social benefits simultaneously.
Which of the following entrepreneurial businesses is an example of high innovation and high
risk?
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