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37.
Anshul worked as an engineer for FuturTech. He had many innovative ideas for the
company, but most were never explored to his satisfaction. Therefore, he left the
corporation to start his own business. He applied his ideas and thoughts to this business
and finally succeeded. This is an example of ____.
38.
A business having fewer than 100 employees, independently owned and operated, not
dominant in its field, and not characterized by many innovative practices is a(n)
39.
Entrepreneurs manage _____ and develop _____ strategies, practices, and products.
40.
The primary objective of an entrepreneurial venture is to
41.
An individual who establishes a new organization without the benefit of corporate
sponsorship is called a(n)
42.
_____ are also referred to as corporate entrepreneurs.
43.
While working at Enterprisers Corp., Savvy has created a new venture based solely on her
idea and Enterprisers' proprietary technology. Savvy can be described as a(n)
44.
Using his own money and resources, Leo—who had recently been laid off from his job—
started a new business based on the innovative ideas that he himself had generated. This
is an example of a(n)
45.
One primary reason that entrepreneurs start their own firms is that they
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46.
According to many entrepreneurs and observers, when creating a new business, one
should start with
47.
Annika believes there is an opportunity to start up a business that produces sports
equipment using greener technologies, thereby keying into two consumer trends. Into
which category does opportunity fit?
48.
Lightning Inc., a car manufacturer, has started to sell electric cars in response to the rising
fuel prices. In which of the following categories has Lightning Inc. spotted opportunities?
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49.
Nargis is interested in running a business and decides to open a branch of a successful
falafel shop that her sister owns in another town. In this case, Nargis could be best
described as a(n) ____.
50.
The transaction fee model involves companies charging fees
51.
FactzDump.com pays commissions to other sites to drive business to its own sites. This is
an example of which model?
52.
Bringing buyers and sellers together and charging a commission for each sale is known as
the _____ model.
53.
EliteTimes
requires regular viewers of its online articles to pay a monthly fee to maintain
uninterrupted access to its content. This is an example of the _____ model.
54.
Dr. Elbridge began helping women in Bajukistan obtain microloans for small business
start-ups. This act is a typical example of
55.
Karen is evaluating whether she has the right personality to be an entrepreneur. Which of
the following characteristics should she have if she wants to succeed?
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56.
An entrepreneur who is decisive, tenacious, disciplined, and willing to make sacrifices
demonstrates which of the following characteristics?
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57.
Richard worked as a teacher for several years before starting an educational games
company. He has a clear vision of the result he is working to get. Moreover, he is aware of
his strengths and weaknesses, and always sets realistic goals. In this case, which of the
following characteristics of successful entrepreneurs does Richard possess?
58.
Elliot interviews several entrepreneurs to learn what characteristics contributed to their
success. Which of the following characteristics is most likely to be mentioned in the
interviews?
59.
A product that represents a novel idea requiring little financial investment would be
displayed in the _____ of the entrepreneurial strategy matrix.
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60.
Most small business ventures are in the _____ category of the entrepreneurial strategy
matrix.
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61.
Joakim wishes to open a new landscaping company that will have no services that are
particularly distinctive compared to competitors in this well-established field; because of
the need for trucks and equipment, the business will require a sizable investment. In
which part of the entrepreneurial strategy matrix is new company likely to be located?
62.
Hector comes up with a highly unusual but appealing idea for a new phone application. He
would require a substantial amount of money to pay for developing the required graphics
and technology. His idea can be categorized as involving
63.
The _____ quadrant in the entrepreneurial strategy matrix depicts ventures of truly novel
ideas with little risk.
64.
Which of the following is one of the major liabilities of start-ups?
65.
Bad economic times can
66.
Aleta is developing a new software company. She locates her business in an industrial
park that offers low rent and shared support staff to start-up companies. This is an
example of a _____.
67.
Benefits of business incubators typically include ____.
68.
Entrepreneurs, in part because they are very busy, often fail to use ____.
69.
Success of entrepreneurial ventures is often jeopardized by the death of the founder.
Which of the following is an important strategy to minimize this problem?
