Eee 2023 - Study guides, Class notes & Summaries

Definition of Entrepreneurship - ANSWER-Entrepreneurship is defined as the process by which individuals pursue opportunities without regard to the resources they currently control Four Primary Characteristics of Successful Entrepreneurs - ANSWER--Passion for the business -Product/Customer focus -Tenacity despite failure(bounce back) -Execution intelligence Common Myths of Entrepreneurship - ANSWER--Entrepreneurs are born not made -Entrepreneurs are gamblers -Entrepreneurs are Motivate...

EEE 3023 Final Exam | Questions And Answers 2023 Latest Updates

Which of the following statements is correct regarding business format franchises. - ANSWER-A business format franchise can be very rigid and demanding. A(n) ________ franchise agreement involves the sale of a single franchise for a specific location. - ANSWER-Individual New product development, other product-related strategies, and international expansion are examples of _______ growth strategies. - ANSWER-Internal Internally generated growth is often called ______ growth. - ANSWER-Org...

Accounts Receivable - ANSWER-the money owed to a firm by its customers assumption sheet - ANSWER-an explanation in a new firm's business plan of the sources of the numbers for its financial forecast and the assumptions used to generate them Balance Sheet - ANSWER-a snapshot of a company's assets, liabilities and owner's equity at a specific point in time break-even point - ANSWER-the point where total revenue received equals total costs associated with the output budgets - ANSWER-...

EEE 2023 Chapter 15.

Conservative firms ________. - ANSWER-are risk-averse The word "entrepreneur" was originally used to describe people who "_______" between buyers and sellers. - ANSWER-take on the risk An entrepreneur assembles and then integrates all the resources needed to transform an invention into a viable business. What is NOT a resource assembled by an entrepreneur? - ANSWER-Confidence Established firms with an orientation toward acting entrepreneurially practice _______. - ANSWER-Corporate E...

Which one of the following is NOT an essential quality of an​ opportunity? It is profitable Which one of the following is NOT a social trend that is currently affecting how individuals behave and set up​ priorities? Passage of the Affordable Care Act​ (Obamacare) ​____ in the marketplace are a source of business opportunities. Gaps Elon​ Musk, the founder of the electric car company Tesla and​ co-founder of the solar panel company SolarCity is credited with ha...