Homework Help is Here – Start Your Trial Now!
Business
Management
ENTREPRENEURIAL STUDIES (ETS 10I) QUEST 1. The earliest reference to the term entrepreneurship was in (a) 1700s ( 1800s (c) 1900s (d) 21st century Early definitions of entrepreneurs were developed by fa) Marketing experts () Management experts (e) Economists (d} Personnel managers 2. destrustion" states that an uncertain financial

ENTREPRENEURIAL STUDIES (ETS 10I) QUEST 1. The earliest reference to the term entrepreneurship was in (a) 1700s ( 1800s (c) 1900s (d) 21st century Early definitions of entrepreneurs were developed by fa) Marketing experts () Management experts (e) Economists (d} Personnel managers 2. destrustion" states that an uncertain financial

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question
ENTREPRENEURIAL STUDIES (ETS 101) QUESTIONS The earliest reference to the term entrepreneurship was in (a) 1700s ( 1800s (c) 1900s (d) 21st century Early definitions of entrepreneurs were developed by ra) Marketing experts () Management experts (c) Economists (d} Personnel managers The concepts of "creative destruction" states that I Entrepreneurs are a force for change (b) Entrepreneurship has an uncertain financial return (e) Entrepreneurs must risk financial capital (d} Entrepreneurs have unique personality traits Entrepreneurship has been defined as a process activity that includes (a) An opportunity (b} An organizational context (c} Innovation (d; All of the above Which of the following is false? (a) The entrepreneurial process is common in the United States {b} Entrepreneurial "flashes of genius" are rare {o Many entrepreneurs start a business while they are employed elsewhere (d} The founders of Hewlett-Packard and Sony Corporation had well-defined product strategies before the companies began operations James Collins, the columnist for Inc. Magazine suggests that entrepreneurs consider the business the ultimate product. This may be advantageous because (a} It reduces risk {b} The business is more likely to survive if the first product-concept fails (c} It reduces some of the ambiguity related to entrepreneurship {d} It increases the entrepreneur's willingness to take risks If entrepreneurship is considered a process activity, which of the following is not part of the process? (a} An opportunity {b} Resources {c} An organizational context {d} All of the above Entrepreneurial "flashes of genius are (a} The basis for most business start-ups products {d} Common in all entrepreneurs Sony Corporation and Hewlett-Packard are examples of companies that {a} Were started with a clear business purpose {b} had a successful start but eventually failed {c} Started without a specific business purpose {d} Had no start-up risk 2. 3. 4. 5. 6. 7. 8. {b} Rare {c} The basis for most new 9. Entrepreneurial activities include {a} Starting a new business based on a new concept {b} Starting a new business based on 10. an existing concept {c} Buying an existing business {d} All of the above If someone starts a convenience food store, this is an example of a {a} New concept/new business {b} Existing concept/new business {c} Existing concept/existing business {d} New concept/existing business If someone buys a business and does not make any major changes, this is an example of {a} New concept/new business {b} Existing concept/new business {c} Existing concept/existing business {d} New concept/existing business Which of the following is an influence in determining entrepreneurial behaviour? {a} Individual or self {b} Ethno cultural environment {c} Circumstances in society {d} 11. 12. 13. All of above 14. Which of the following is not an influence in determining entrepreneurial behaviour?
Transcribed Image Text:ENTREPRENEURIAL STUDIES (ETS 101) QUESTIONS The earliest reference to the term entrepreneurship was in (a) 1700s ( 1800s (c) 1900s (d) 21st century Early definitions of entrepreneurs were developed by ra) Marketing experts () Management experts (c) Economists (d} Personnel managers The concepts of "creative destruction" states that I Entrepreneurs are a force for change (b) Entrepreneurship has an uncertain financial return (e) Entrepreneurs must risk financial capital (d} Entrepreneurs have unique personality traits Entrepreneurship has been defined as a process activity that includes (a) An opportunity (b} An organizational context (c} Innovation (d; All of the above Which of the following is false? (a) The entrepreneurial process is common in the United States {b} Entrepreneurial "flashes of genius" are rare {o Many entrepreneurs start a business while they are employed elsewhere (d} The founders of Hewlett-Packard and Sony Corporation had well-defined product strategies before the companies began operations James Collins, the columnist for Inc. Magazine suggests that entrepreneurs consider the business the ultimate product. This may be advantageous because (a} It reduces risk {b} The business is more likely to survive if the first product-concept fails (c} It reduces some of the ambiguity related to entrepreneurship {d} It increases the entrepreneur's willingness to take risks If entrepreneurship is considered a process activity, which of the following is not part of the process? (a} An opportunity {b} Resources {c} An organizational context {d} All of the above Entrepreneurial "flashes of genius are (a} The basis for most business start-ups products {d} Common in all entrepreneurs Sony Corporation and Hewlett-Packard are examples of companies that {a} Were started with a clear business purpose {b} had a successful start but eventually failed {c} Started without a specific business purpose {d} Had no start-up risk 2. 3. 4. 5. 6. 7. 8. {b} Rare {c} The basis for most new 9. Entrepreneurial activities include {a} Starting a new business based on a new concept {b} Starting a new business based on 10. an existing concept {c} Buying an existing business {d} All of the above If someone starts a convenience food store, this is an example of a {a} New concept/new business {b} Existing concept/new business {c} Existing concept/existing business {d} New concept/existing business If someone buys a business and does not make any major changes, this is an example of {a} New concept/new business {b} Existing concept/new business {c} Existing concept/existing business {d} New concept/existing business Which of the following is an influence in determining entrepreneurial behaviour? {a} Individual or self {b} Ethno cultural environment {c} Circumstances in society {d} 11. 12. 13. All of above 14. Which of the following is not an influence in determining entrepreneurial behaviour?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS