mgmt 310 exam 2
entrepreneurship - correct answer ✔✔the process by which enterprising individuals initiate, manage,
and assume the risks and rewards associated with a business venture
entrepreneurial venture - correct answer ✔✔has growth and high profitability as primary objectives
An entrepreneur is a manager but - correct answer ✔✔engages in additional activities that not all
managers do
Traditionally, managers operate in a formal management hierarchy with well-defined authority and
responsibility. In contrast, entrepreneurs - correct answer ✔✔use networks of contacts more than
formal authority
Although managers usually prefer to own assets, entrepreneurs often - correct answer ✔✔rent or use
assets on a temporary basis.
Managers often are slower to act and tend to avoid risk, whereas entrepreneurs are - correct answer
✔✔quicker to act and actively manage risk.
entrepreneurship - correct answer ✔✔the process by which enterprising individuals initiate, manage,
and assume the risks and rewards associated with a business venture
entrepreneurial venture - correct answer ✔✔has growth and high profitability as primary objectives
An entrepreneur is a manager but - correct answer ✔✔engages in additional activities that not all
managers do
Traditionally, managers operate in a formal management hierarchy with well-defined authority and
responsibility. In contrast, entrepreneurs - correct answer ✔✔use networks of contacts more than
formal authority
Although managers usually prefer to own assets, entrepreneurs often - correct answer ✔✔rent or use
assets on a temporary basis.
Managers often are slower to act and tend to avoid risk, whereas entrepreneurs are - correct answer
✔✔quicker to act and actively manage risk.
