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Exam 7: Entrepreneurship

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Question 51

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Contrast the roles of business incubators and business accelerators.

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Business incubators are protected enviro...

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Question 52

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Most entrepreneurs start their own firms because they

A) have failed at everything else they have done.
B) are gamblers at heart and thrive on risk.
C) feel satisfaction in creating something from nothing.
D) want to get rich quickly and then sell the company.
E) have unrealistic expectations about what it will entail.

F) A) and D)
G) A) and C)

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Question 53

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Scenario B.Jose,a student,studied the different models of the e-commerce market and gathered some information on a few companies using Internet commerce.Thrill.com charges its customers a fee for its goods and services.Reports.com asks its clients to pay a fee to use the site for promotions of their products and to gain demographics.Xyrotech Inc.pays Gen-Platforum.com a commission to launch promotions on websites associated with it.Corpbuzz.com,a newspaper website,provides access to its services by charging customers a monthly fee. -Which of the following business models does Reports.com use?

In order for family-managed businesses to survive and prosper,management guru Peter Drucker advises them to

The first step to building organizational support for an intrapreneur's idea that involves explaining the idea to his or her boss and seeking approval to look for wider support is called

Success of entrepreneurial ventures is often jeopardized by the death of the founder.Which of the following is an important strategy to minimize this problem?

Chang works as a materials scientist for a paint manufacturer.He has developed a material that does not work well in paint,but it could have applications as a deck sealant.Chang has been made the team lead for a group of scientists tasked with determining some marketable uses for the new material.The group could be referred to as

Keiko prepares a document that outlines her plan to open a new essential oils company,including descriptions of the product,the market,her strategies,and the future direction she envisions for the company.This document is a(n)

Which of the following e-commerce models has advertisers pay for access to the demographic group that visits the operator's site?

Scenario B.Jose,a student,studied the different models of the e-commerce market and gathered some information on a few companies using Internet commerce.Thrill.com charges its customers a fee for its goods and services.Reports.com asks its clients to pay a fee to use the site for promotions of their products and to gain demographics.Xyrotech Inc.pays Gen-Platforum.com a commission to launch promotions on websites associated with it.Corpbuzz.com,a newspaper website,provides access to its services by charging customers a monthly fee. -Xyrotech Inc.pays Gen-Platforum.com a commission to launch promotions on websites associated with it.This is an example of the ________ model.

Explain the procedure a manager should follow to build support for his or her project idea.

Nora works for a corporation and is using the company's resources to build a new line of business for her employers.Nora is a(n)

Contrast entrepreneurship and intrapreneurship.

Scenario A.Deanna leaves her job at a refrigerator manufacturing company and starts her own business.Her objective is to attain maximum growth and earn high profits.Deanna's friend Callie still works at the refrigerator manufacturing company,where she has started a business venture utilizing the company's resources.Gus,her colleague,states that he would make a successful entrepreneur because he is a gambler and believes that a good idea and talent lead to success within a year. -In Scenario A,Callie's business venture is an example of

A product that represents a novel idea requiring little financial investment would be displayed in the ________ of the entrepreneurial strategy matrix.

________ refers to informal efforts,as opposed to official job assignments,in which employees work to create new products and processes of their own choosing and initiative.

Ryan has a wide network of relationships,and most of his acquaintances have a positive opinion of his intelligence and integrity.This is an example of

Dr.Elbridge began helping women in Bajukistan obtain microloans for small business start-ups.This act is a typical example of

Helga believes there is an opportunity to start up a business that produces sports equipment using greener technologies,thereby keying into two consumer trends.Into which category does this opportunity best fit?

Explain how an organization can go public and why many entrepreneurs prefer not to go public.