Entrepreneurship Module 2 Revision

New organisational structures and new distribution channels are described as sources of new

Individuals who are hired for a short period of time to meet increased demand are called

Venture capitalists typically invest more money than angel investors

Entrepreneurs attempt to start a business using their own financial resources is known as:

A benevolent investor who provides financial backing for small start-ups is called a/an

Funding that is obtained in the form of loans which must be repaid is called:

A patent provides legal protection for artistic and literary work.

Am arrangement that allows a business to use fixed assets without purchasing them is called:

What is the first step in the entrepreneurial process?

Broad aims that an organisation seeks to accomplish are called:

Using individuals from outside a company instead of employees to perform services is known as

Financial funding offered to an entrepreneur in return for equity is known as:

Which of the following is an internal source of funding?

Which idea generation method makes use of a group of experts to explore a specific issue?

What type of financing is venture capital funding?

Authors and publishers of software are protected under:

Venture capitalists invests in businesses with low growth potential.

Which of the following is not a source of business concept?

Tangible assets that are owned by an organisation represent which type of resource?

Tax breaks and the introduction of new regulations present what source of opportunity?