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