In the world today, getting an employment opportunity is a little hard, and people try to open new businesses that will give others the chance to work. The process through which one does this is called entrepreneurship, and many wrong beliefs surround it. Take this entrepreneurship and review what you have learned before the midterms. All the best!
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
More
Same
Fewer
Younger
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Corporate Managers
Capitalists
Stakeholders
Owners
Rate this question:
Hispanics
Retired men
Women
Asians
Rate this question:
Plentiful
Constrained
Restrianed
Inverse ratio
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Respond quickly to changes
Owned and run by the same person
Economies of sale
Greater flexibility
Rate this question:
Individual benefit theory
Organizational benefit theory
Self fulfilling prophesy
Agency theory
Rate this question:
Risk tolerence
Prior experience
Personality orientation
All of these answers are correct
Rate this question:
Equal financial ratio
No risk level
Risk tolerance
Break-even point
Rate this question:
Prior to the start
Opening day
First payroll
Six month review
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
A sports card collector who bought and sold cards for a year to build a personal collection, deciding to become a sports card dealer.
A computer salesperson seeing the possibility of opening a new electronic store in a different part of the city.
A purposeful exploration to find a new idea.
A baker, who tosses ingredients together to see what they taste like.
Rate this question:
Analyze the market
List their personal skill set
Obtain financial support
Hire a lawyer
Rate this question:
Necessary skills
In debth understanding of the market
Passion for starting a business
Follow a sequential formula
Rate this question:
Work Experience
Financial History
Education
Family History
Rate this question:
True
False
Rate this question:
When dismissing a promissing idea
When copying existing business
Automatically
Because of the process of identifying skills and opportunities in the market.
Rate this question:
Business meeting
Gap analysis
Brainstorming
Focus group
Rate this question:
Profit margin
Sales generation scheme
Operational financing
Deficit gap
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Research potential substitutes d. Determine in which industry the new business will compete
Develop a competitive edge
Identify potential customers
Determine in which industry the business will compete
Rate this question:
Share
Not share
Hide
Distort
Rate this question:
Competitive advantage
Benchmarking
Criteria related advantage
Competitive map
Rate this question:
Competitive map
Benchmarking
Unorthodox practices
Orthodox practices
Rate this question:
Competitive map
Benchmarking
Unorthodox practices
Orthodox practices
Rate this question:
Location
Product selection
Activity of the firm
All of the above
Rate this question:
Quiz Review Timeline (Updated): Jan 17, 2025 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.