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Exam 7: Entrepreneurship

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Question 61

True/False

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The reason for nearly all financial failures of entrepreneurial ventures is the lack of adequate start-up capital.

A) True
B) False

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Question 62

Multiple Choice

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With which of the following models does a site pay commissions to other sites to drive business to its own sites?

A) Transaction fee model
B) Advertising support model
C) Intermediary model
D) Affiliate model
E) Subscription model

F) A) and B)
G) A) and C)

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Question 63

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Which of the following stages for building support for an idea involves guaranteeing the project's technical and political feasibility,often with a formal presentation to higher management?

Many great organizations have been built on the founder's desire to offer a product.

Discuss the entrepreneurial strategy matrix,including the characteristics of each cell.Provide an example of a business that would be located in each cell,and explain the usefulness of the model to entrepreneurs.

Social capital is a competitive advantage in the form of relationships with other people and the image other people have of you.

List out the characteristics of a successful entrepreneur.

Entrepreneurs start their own firms because they:

Benefits of business incubators include ____.

A business plan would best be described as the initial rough sketch of an idea for starting a new venture.

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) :

A competitive advantage from relationships with other people and the image other people have of the entrepreneur is known as:

_____ are a way for a business to raise capital through federally registered and underwritten sales of shares in the company.

Benjamin wishes to open a new home furnishing company that will have no services that are particularly distinctive compared to competitors in this well-established field;the business will require a sizable investment.In which part of the entrepreneurial strategy matrix is new company likely to be located?

Which of the following characteristics increases the likelihood of an entrepreneur's success?

Generally,which of the following characteristics contributes to entrepreneurs' success?

Bad economic conditions make it especially difficult for an entrepreneurial organization to expand.

Explain how an organization can go public and why many entrepreneurs prefer not to go public.

Entrepreneurs spot,create,and exploit opportunities in a variety of ways.

Entrepreneurs are best characterized as gamblers in their approach to risk.