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BUS 3303 - ENTREPRENEURSHIP 1 Questions, Answers, Rationales | Latest Updates
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BUS 3303: ENTREPRENEURSHIP 1Study online at https://quizlet.com/_g2tc7o
1. What is the motto of the World Economic Fo- c. "Committed to improving
rum? the state of the world"
a. "The youth of today are the future for tomor-
row."
b. "Entrepreneurship in the global public in-
terest."
c. "Committed to improving the state of the
world"
d. "Global development and entrepreneurship
are in the hands of the future generations."
2. Entrepreneurship for social inclusion seeks c. Allowing marginalized
growth by: people to actively engage
a. Creating more businesses where socially in productive economic ac-
marginalized people are allowed to gather tivities
b. Including more diversity in decision-mak-
ing policies
c. Allowing marginalized people to actively
engage in productive economic activities
d. Developing more donations for people in
poverty
3. For the purposes of the World Economic Fo- d. "The pursuit of opportu-
rum report, how is entrepreneurship defined? nity beyond the resources
a. "The process of innovation and new busi- you currently control."
ness development."
b. "Opportunity for starting up one's own
business."
c. "Learning to create new business ideas."
d. "The pursuit of opportunity beyond the re-
sources you currently control."
4. Television and the internet have provided True
some valuable education on the topic of en-
trepreneurship.
True
False
5. True
, BUS 3303: ENTREPRENEURSHIP 1
Study online at https://quizlet.com/_g2tc7o
For entrepreneurship to thrive, it must operate
in a well functioning business and regulatory
environment.
Select one:
True
False
6. A social entrepreneur is one who: b. Develops a business with
Select one: the primary purpose of ad-
a. Primarily utilizes social media for marketing dressing a social cause.
of their business.
b. Develops a business with the primary pur-
pose of addressing a social cause.
c. Develops businesses that engage in social
networking.
d. None of the above.
7. A "lifestyle entrepreneur" is one who: c. Creates their business
Select one: with the intention of pro-
a. Creates their business with the intention of viding themselves with a
changing the world. steady income, but with a
b. Creates their business with the intention of lot more freedom and flex-
feeding their families. ibility
c. Creates their business with the intention of
providing themselves with a steady income,
but with a lot more freedom and flexibility.
d. Creates their business to disrupt and re-
shape markets.
8. Mohamed Yunus is: d. All of the above
Select one:
a. A man who loans money to the poor.
b. The world's best known social entrepre-
neur.
c. A man who was an economics professor in
Bangladesh
d. All of the above.
9. It has been estimated that 80% of the world's True
population live in poverty.
, BUS 3303: ENTREPRENEURSHIP 1
Study online at https://quizlet.com/_g2tc7o
Select one:
True
False
10. An entrepreneur refers only to someone who False
develops their own business.
Select one:
True
False
11. What does STI stand for, as referenced in the c. Science, Technology,
document produced by the United Nations and Innovation
Conference on Trade and Development?
Select one:
a. Scientific Transformational Innovations
b. Systemic Technological Innovations
c. Science, Technology, and Innovation
d. Sexually Transmitted Infections
12. It is recommended that entrepreneurship a. Across disciplines
should be taught:
Select one:
a. Across disciplines
b. Only in study areas of business and eco-
nomics
c. Only in high school and beyond
d. Only at the University level.
13. "STEM" are critical for developing the innova- b. Science, Technology, En-
tive breakthroughs of the future. STEM stands gineering, and Mathemat-
for: ics
Select one:
a. Systems, Transformations, Engineering,
and Medicine
b. Science, Technology, Engineering, and
Mathematics
c. Science, Transportation, Engineering, and
Modernization
d. Science, Technology, Entertainment, and
Machinery
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