“Question
1
Some entrepreneurs do not find creative ways to obtain equity financing.
Answer

True
False

Question
2
The
freedom to make all the decisionsbeing your own bossis one of the biggest
lures of entrepreneurship.
Answer

True
False

Question
3
Growth
in entrepreneurship is not a worldwide phenomenon.
Answer

True
False

Question
4
Bill
Gates and Paul Allen launched ________ with the vision of a computer on every
desk and in every home, all running software.
Answer

Apple
Google
Yahoo
Microsoft

Question
5
Dealing
with unexpected events is not the norm for most entrepreneurs.
Answer

True
False

Question
7
________
has further transformed the business environment for entrepreneurs.
Answer

Project
management
Social
networking
Commercials
Entrepreneurship

Question
8
An
________ is a risk taker in the private enterprise system, a person who seeks a
profitable opportunity and takes the necessary risks to set up and operate a
business.
Answer

Consumer
Entrepreneur
Executive
Employee

Question
9
Growth
in entrepreneurship is not a worldwide phenomenon.
Answer

True
False

Question
10
Even
entrepreneurs who have not previously received funding from banks have
experienced a credit crunch in recent years.
Answer

True
False

Question
11
To
secure ________, entrepreneurs exchange a share of ownership in their company
for money supplied by one or more investors.
Answer

Equity
financing
Quality
financing
Open
financing
Closed
financing
Question
12
________
are wealthy individuals who invest money directly in new ventures in exchange
for equity, are a larger source of investment capital for start-up firms.
Answer

Logical
investors
Angel
investors
Small
investors
Cooperative
investors
Question
13
The
following can be classified as the different types of entrepreneurs, except:
Answer

Class
entrepreneurs
Serial
entrepreneurs
Social
entrepreneurs
Basic
entrepreneurs
Question
14
________
are employees who direct the efforts of others to achieve an organizations
goals.
Answer

Customers
Managers
Owners
Partnerships
Question
15
Demographic
trendsincluding the aging of the U.S. population, the growth of ethnic groups,
and the predominance of two-income familiescreate opportunities for
entrepreneurs.
Answer

True
False

Question
16
A
________ project is initiated by an employee who conceives an idea, convinces
top management of its potential, and then recruits human and other resources
from within the company to turn the idea into a commercial project.
Answer

Skunkworks
Cooperative
Open
market
Innovation

Question
17
________
seems to be the key to business start-ups, especially in rapidly changing
markets.
Answer

Competitiveness
Flexibility
Financing
Capital

Question
18
Entrepreneurs
have an internal locus of control, which means they believe that they control
their own destinies.
Answer

True
False

Question
19
Many
Boomers also plan to work after retirement from traditional jobs or careers,
either because they want to or in order to boost income and savings.
Answer

True
False

Question
20
Like
buying an established business, buying a franchise offers a less risky way to
begin a business than starting an entirely new firm.
Answer

True
False Question
1 Some
entrepreneurs do not find creative ways to obtain equity financing.Answer
TrueFalse
Question
2 The
freedom to make all the decisionsbeing your own bossis one of the biggest
lures of entrepreneurship.Answer
TrueFalse
Question
3 Growth
in entrepreneurship is not a worldwide phenomenon.Answer
TrueFalse
Question
4 Bill
Gates and Paul Allen launched ________ with the vision of a computer on every
desk and in every home, all running software.Answer
AppleGoogleYahooMicrosoft
Question
5 Dealing
with unexpected events is not the norm for most entrepreneurs.Answer
TrueFalse
Question
7 ________
has further transformed the business environment for entrepreneurs.Answer
Project
managementSocial
networkingCommercialsEntrepreneurship
Question
8 An
________ is a risk taker in the private enterprise system, a person who seeks a
profitable opportunity and takes the necessary risks to set up and operate a
business.Answer
ConsumerEntrepreneurExecutiveEmployee
Question
9 Growth
in entrepreneurship is not a worldwide phenomenon.Answer
TrueFalse
Question
10 Even
entrepreneurs who have not previously received funding from banks have
experienced a credit crunch in recent years.Answer
TrueFalse
Question
11 To
secure ________, entrepreneurs exchange a share of ownership in their company
for money supplied by one or more investors.Answer
Equity
financingQuality
financingOpen
financingClosed
financing Question
12 ________
are wealthy individuals who invest money directly in new ventures in exchange
for equity, are a larger source of investment capital for start-up firms.Answer
Logical
investorsAngel
investorsSmall
investorsCooperative
investors Question
13 The
following can be classified as the different types of entrepreneurs, except:Answer
Class
entrepreneurs Serial
entrepreneurs Social
entrepreneurs Basic
entrepreneurs Question
14 ________
are employees who direct the efforts of others to achieve an organizations
goals.Answer
CustomersManagersOwnersPartnershipsQuestion
15 Demographic
trendsincluding the aging of the U.S. population, the growth of ethnic groups,
and the predominance of two-income familiescreate opportunities for
entrepreneurs.Answer
TrueFalse
Question
16 A
________ project is initiated by an employee who conceives an idea, convinces
top management of its potential, and then recruits human and other resources
from within the company to turn the idea into a commercial project.Answer
SkunkworksCooperativeOpen
marketInnovation
Question
17 ________
seems to be the key to business start-ups, especially in rapidly changing
markets.Answer
CompetitivenessFlexibilityFinancingCapital
Question
18 Entrepreneurs
have an internal locus of control, which means they believe that they control
their own destinies.Answer
TrueFalse
Question
19 Many
Boomers also plan to work after retirement from traditional jobs or careers,
either because they want to or in order to boost income and savings.Answer
TrueFalse
Question
20 Like
buying an established business, buying a franchise offers a less risky way to
begin a business than starting an entirely new firm.Answer
TrueFalse “