BDI3C Exam Review #1

Question 1

An entrepreneur is a person who takes ________ and _____ resources in order to satisfy needs.

Accepted Answer

risks, organizes

Question 2

In a SWOT ________ ....

Accepted Answer

analysis

Question 3

________data is the kind you get from focus groups, or open ended questions on a questionnaire.

Accepted Answer

qualitative

Question 4

Basketball is an example of an _______.

Accepted Answer

invention

Question 5

If you want to be more creative, believe in the ___________ of your ideas.

Accepted Answer

worth

Question 6

A form of business ownership where the owner must pay part of the profits to the head company.

Accepted Answer

Franchise

Question 7

Entrepreneurship benefits our society by:

Accepted Answer

creating employment

Question 8

One of the tips we learned in class is to “give yourself ______________ licence.”

Accepted Answer

creative

Question 9

__________________ are long term changes.

Accepted Answer

trends

Question 10

The worlds of _________________ and __________________ overlap.

Accepted Answer

thought, action

Question 11

Land, buildings, furniture and equipment are all examples of ___________ goods.

Accepted Answer

capital

Question 12

In class, we learned that “what you think has a way of becoming __________________.”

Accepted Answer

true

Question 13

________become opportunities once they have been evaluated and found to have potential.

Accepted Answer

ideas

Question 14

__________ is when entrepreneurs develop an idea and then look for the marketing opportunity.

Accepted Answer

product or service driven entrepreneurship

Question 15

This creative thinking technique can be used to consider improvement to existing products.

Accepted Answer

Attribute listing

Question 16

_________data can be expressed as quantities, percentages, or numbers.

Accepted Answer

quantitative

Question 17

1. Entrepreneurship is a way of looking at things, a way of __________________ and doing.

Accepted Answer

thinking

Question 18

The _________ can be used to help wit $ flow throughout a company’s life.

Accepted Answer

accountant

Question 19

Equity financing is when an investor receives ______ in the venture in exchange for $.

Accepted Answer

ownership

Question 20

An alternative that could possibly solve a societal problem is known as a(n) __________.

Accepted Answer

opportunity

Questions 20