Bus 508 Chapter 6 Week 3 Quiz

Bus 508 Chapter 6 Week 3 QuizQuestion 1 Some entrepreneurs do not find creative ways to obtain equity financing.AnswerTrueFalseQuestion 2 The freedom to make all the decisions—being your own boss—is one of the biggest lures of entrepreneurship.AnswerTrueFalseQuestion 3 Growth in entrepreneurship is not a worldwide phenomenon.AnswerTrueFalseQuestion 4 Bill Gates and Paul Allen launched ________ with the vision of a computer on every desk and in every home, all running software.AnswerAppleGoogleYahooMicrosoftQuestion 5 Dealing with unexpected events is not the norm for most entrepreneurs.AnswerTrueFalseQuestion 7 ________ has further transformed the business environment for entrepreneurs.AnswerProject managementSocial networkingCommercialsEntrepreneurshipQuestion 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.AnswerConsumerEntrepreneurExecutiveEmployeeQuestion 9 Growth in entrepreneurship is not a worldwide phenomenon.AnswerTrueFalseQuestion 10 Even entrepreneurs who have not previously received funding from banks have experienced a credit crunch in recent years.AnswerTrueFalseQuestion 11 To secure ________, entrepreneurs exchange a share of ownership in their company for money supplied by one or more investors.AnswerEquity financingQuality financingOpen financingClosed financingQuestion 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.AnswerLogical investorsAngel investorsSmall investorsCooperative investorsQuestion 13 The following can be classified as the different types of entrepreneurs, except:AnswerClass entrepreneursSerial entrepreneursSocial entrepreneursBasic entrepreneursQuestion 14 ________ are employees who direct the efforts of others to achieve an organization’s goals.AnswerCustomersManagersOwnersPartnershipsQuestion 15 Demographic trends—including the aging of the U.S. population, the growth of ethnic groups, and the predominance of two-income families—create opportunities for entrepreneurs.AnswerTrueFalseQuestion 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.AnswerSkunkworksCooperativeOpen marketInnovationQuestion 17 ________ seems to be the key to business start-ups, especially in rapidly changing markets.AnswerCompetitivenessFlexibilityFinancingCapitalQuestion 18 Entrepreneurs have an internal locus of control, which means they believe that they control their own destinies.AnswerTrueFalseQuestion 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.AnswerTrueFalseQuestion 20 Like buying an established business, buying a franchise offers a less risky way to begin a business than starting an entirely new firm.AnswerTrueFalseWe are ready to write this paper for you from scratch.Place an order for this assignment or any other paper with us. We guarantee that the paper will be delivered within the specified deadline. We also have a personalized customer support and you will be able to communicate with your writer throughout the order preparation process. Thank you for choosing us.