starting a new business midterm
In the second decade of the new millennium, the number of businesses in the United States soared to more than 28 million. At what rate is this number still growing annually?
2%
Which of the following statements best describes a "gazelle?"
. a business with at least 20 percent growth every year
Many entrepreneurs of new ventures lack
. a unique angle for the venture.
Which of the following is not a characteristic of firms that exhibit corporate entrepreneurships?
. being stagnant
The major thrust of corporate entrepreneurship is to
. encourage innovation.
Every person has the and to pursue a career as an entrepreneur
. potential; free choice
It is reported that new firms have emerged in the United States every year since 2010.
400,000
Gazelles have been responsible for which of the following:
55 percent of innovations
Which of the following helps account for the rise of interest in corporate entrepreneurship?
An increase in corporations losing some of their best people.
Which of the following designations is not synonymous with social entrepreneur?
social impersonator
Entrepreneurs will always be
the major source of job creation and innovation in any economy
A new venture should be
unique.
Entrepreneurs sense potential in business problems by asking
what if and why not?
Characteristics often attributed to the entrepreneur include:
Characteristics often attributed to the entrepreneur include:
____ people thoroughly understand the concept of corporate entrepreneurship.
Few
______________ is the economic basis for all entrepreneurial activity.
Free enterprise
Which of the following statements is true?
Innovation is the specific function of entrepreneurship.
One researcher believes that the social mission, not wealth creation, is the most important criterion. Who was this researcher?
J. Gregory Dees
Which of the following is not a true statement regarding arenas of creativity?
People are either born or not born with creativity.
Which of the following statements about social entrepreneurship is not true?
Social entrepreneurship is limited to the world of not-for-profit corporations.
Which of the following questions concerning innovation is not relevant?
When should the product goes to market?"
All of the following are reasons for the growth of corporate entrepreneurship except
a desire to dramatically increase profitability
Entrepreneurs are best characterized as:
aggressive catalysts for change
Entrepreneurs with a drive to achieve want to
compete.
Intrapreneurship is also referred to as
corporate entrepreneurship
One could correlate with a high energy level.
creativity
In the evolutionary process of economic growth, _________ plays the crucial and indispensable role of providing the "social glue" that binds together both high-tech and "Main Street" activities.
entrepreneurship
What type of risks incorporates fluctuating exchange rates?
financial risks
Which of the following is not a trait of successful entrepreneurs?
frustration
Researchers have described a "fully developed new firm" with a number of characteristics, including:
full-time commitment
Which of the following are keys to understanding opportunity and its development for entrepreneurs?
innovation and creativity
The incubation process involves which of the following
letting the subconscious work
Timing is especially critical in which area?
marketing
Many entrepreneurs lack for their new venture.
objectivity
Which of the following activities does not characterize the social entrepreneur?
operating with a low sense of accountability
A common pitfall in selecting a new venture is
poor financial understanding.
When a customer sees a product that is superior to its competitors, ______ becomes less important.
price
In the struggle to achieve security, many people also tend to rely on the theory of _________ thinking to make decisions.
probability
Two important components of creative problem solving are
process and people.
Which of the following is not critical to a product's success?
size
If we accept the argument that social entrepreneurship is a continuum, at one extreme would be social entrepreneurs driven exclusively by producing social benefits; at the other, would be
social entrepreneurs motivated by profitability with social benefits being the means.
The basic challenge for social enterprise is addressing the obligations of business to
society.
Examples of social enterprise obligations to the environment include all of the following except
support for minority-own businesses.
One reason why corporate entrepreneurship has done so well is that it allows organizations to
tap the innovative talents of their people.
Which of the following is not an entrepreneurial motivation for starting a venture?
the organization
With persistent problem solving, entrepreneurs
think anything is possible.
Which is not a trait of a successful entrepreneur?
trouble fitting in
Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?
unemployment
In science, ____________ refers to mental processes.
cognition