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Entrepreneurship Chapter 1-2 Flashcards | StudBud
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Entrepreneurship Chapter 1-2
Entrepreneurship Chapter 1-2
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Introduction to Entrepreneurship
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Entrepreneurs face the following risks in pursuing a business, except:
Family, Career
Financial, Psychological
Career, Social
Psychic and Health
2
It is the desire for monetary gain or return from the venture
Revenue motive
Profit
Profit motive
Revenue
3
Which among the following is an importance of Gazelles?
Gazelles are leaders in invention
Gazelles produce twice as many products per employee
Gazelles are quick thinkers
Gazelles should be technology based
4
The following are essential ingredients to becoming an entrepreneur, except:
The ability to formulate an effective venture team
The vision to recognize opportunity where others see chaos
The fundamental skills of building a solid marketing plan.
The willingness to take calculated risks.
5
The following are the importance of entrepreneurship, except:
•Job Creation
•Innovation
•Number of New Start-ups
•Extra Income
6
It is a is a business establishment with at least 20% sales growth every year.
Gazele
Gazelle
Gezelle
Gezele
7
What is a way to examine the activities involved in entrepreneurship?
Multidimensional Approach
Process Approach
Integrative Approach
Productive Approach
8
Entrepreneur is derived from the French "entreprendre", meaning:
To undertake
To build a business
To understand
To take risk
9
Which of the following causes Entrepreneurial Stress?
Venture teams
Need to achieve
Increase in profit
10
What is a venture team?
Group of supervisors
Group of business investors
Group of people from different departments
Group of entrepreneurs
11
Which of the following is not true about Integrative approach?
It identifies four key elements .
It is built around the concepts of inputs and outcomes
Provides a comprehensive picture of entrepreneurship
12
They manage their businesses by expecting stable sales, profits, and growth
Small Business owners
Entrepreneurship
Entrepreneur
Businessman
13
Which of the following does not help an entrepreneur cope up with stress?
Exercising when stressed
Getting away from it all
Communicating with employees
Networking
14
They are aggressive catalysts for change within the marketplace.
Entrepreneurship
Small Business owners
Entrepreneur
Businessman
15
It stresses making assessments qualitatively, quantitatively, strategically, and ethically
Assessment Approach
Mathematical Approaach
Multidimensional Approach
Entrepreneurial Assessment Approach
