Entrepreneurship Quiz
Type of angel investors are age 65 or older, independently wealthy from success in a business they started, and have abbreviated work schedule.
Enthusiast
It includes contact by mail, contact by telephone, and personal interviews.
survey
Entrepreneurs in science, ____________ refers to mental processes.
Cognition
One could correlate with a high energy level.
Creativity
Type of angel investors that are doctors, lawyer, and, in some very rare instances, accountant.
Enthusiast
Incongruities means
Exist when there is a gap or difference between expectations and reality.
Industry and market changes means
The entrepreneur needs to be able to take advantage of any resulting opportunity.
Process needs means
Whenever there is demand for the entrepreneur to innovate and answer a particular need.
Entrepreneurs with a drive to achieve want to
compete
Which of the following will help to foster an innovative climate?
encourage action from employees
Which of the following is not a trait of successful entrepreneurs?
frustration
Which of the following can help entrepreneurs carry out the evaluation and implementation stage?
increasing energy level
Advantages of sole proprietorship includes the following EXCEPT.
less available capital.
When a customer sees a product that is superior to its competitors, ______ becomes less important.
price
Which of the following may be the greatest risk to the well-being of the entrepreneur?
psychic risk
A clear pattern among successful entrepreneurs is
their focus on opportunity rather than resources.
Which is not a trait of a successful entrepreneur?
trouble fitting in
Product/market problems involve which of the following?
unclear business definition