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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
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Questions
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Answers
1
What is debt financing
involves exchanging ownership shares
invloves borrowing money that must be repaid later
selling stocks to generate money
making large investments in return for equity stake
2
True Or False: Entrepreneurs background and experiences have no effect towards there success
True
False
3
True Or False: Lack of experience can lead to small businesses failure
True
False
4
Who is considered to be one of the most successful entrepreneurs ?
Steve Jobs
Mark Cuban
Larry page
Elizabeth Holmes
5
What is the most common reason why small business fail
lack of business expertise
high ethical standards
slow growth
strict financial control
6
The first component of a good business plan is usually a
executive summary
Industry analysis
marketing strategy
set of milestones
7
When a small business is just starting up, what is it struggling with the most
to find partners for expansion
bringing professional skills into the management team
to gain acceptance in the marketplace
8
Whats an example of independently owned and operated small businesses?
large clothing store
nike store
bakery shop
Sports chek
9
What is the most common personality found in a Entrepreneur?
External locus of control
Inflexibility
Self-Confidence
10
Who are Entrepreneurs?
People who make alot of money
They offer advice to small business
risk-takingindividuals
11
What are the Stages in a life cycle of an entrepreneurial firm?
Maturity stage- breakthrough stage- birth stage
Breakthrough stage- birth stage- maturity stage
Breakthrough stage- maturity stage- birth stage
Birth stage- breakthrough stage- maturity stage
12
What opportunities does the internet offer for Entrepreneurs?
Allows you to make skype calls to business partners
Online- Buying and selling
To make money faster
13
Suceess in a highly competitive business environment, on particular depends on
Entrepreneurship
Management fundamentals
Business incubation
Intrapreneurship
14
When a business owner sells to another person the right to operate there business, this is
limited partnership
Franchise
Joint venture
15
Can entrepreneurs become successful right away
False
True
16
True Or False: Canstrategic thinking and risk taking result in creation of newopportunities
False
True
17
What is a business plan?
the details needed to start up and operate a new business
Plan that is needed to gain as much money as possible
Plan that is needed to gain wealth and only fame
18
What are the reasons for problems that occur in family business
No one works
Money
Family Business Feud
19
Which myth is not true
entrepreneur are gamblers
Entrepreneurs are not always successful
money is thekey to entrepreneurial success
20
People that provide funds for businesses, in return for equity are called ..
Angle Investors
Intrapreneurs
Business incubators
21
Organizations with fewer than 100 employees are referred to as
medium-sized enterprise
small businesses
micro enterprise
22
What is a Succession plan?
Describes who is going to keep the company running
A formal statement that describes leadership transition
contain procedures for choosing the firms leadership
23
What is the term for employees working together creatively and independently
Skunkwork
Product team
Leadership council
Focus group
24
Which characteristics is not represented by aentrepreneur
High Energy level
Diversity
Self Confidence
Flexibility
25
When a business is quick to capture a market niche this is called
first-mover advantage
an initial public offering
succession planning
Intraprenurship
