Module 1 Quiz MGMT152

How many Entrepreneurs are there in the United States (as of 2010)? a. 14.7 million b. 30.3 million c. 7.5 million d. 1 million

a. 14.7 million?

Kickstarter.com and Rockethub.com are examples of websites that provide __________ to support financing a new business. a. Crowdfunding b. Equity funding c. Bootstrapping d. Social media

a. Crowdfunding

It is estimated that since 1994, ____ percent of new jobs in the United States were created by small businesses a. 55 b. 65 c. 35 d. 45

b. 65

What does BRIE stand for a. Business, Resources, Innovation, Enterprise b. Boundaries, Resources, Intention, Exchange c. Barriers, Records, Innovation, Exchange d. Business, Resources, Intention, Exchange

b. Boundaries, Resources, Intention, Exchange

Which company did Elon Musk NOT co-found? a. PayPal b. SpaceX c. eBay d. Tesla

b. SpaceX

Elon Musk is an entrepreneur that has co-founded multiple business. What type of entrepreneur is Elon Musk? a. serial entrepreneur b. joint venture entrepreneur c. high-growth entrepreneur d. franchise entrepreneur

b. joint venture entrepreneur

The form of entrepreneurship involving the creation of self-sustaining charitable and civic organizations, or for-profit organizations which invest significant profits in charitable activities is called ___________________. a. cause entrepreneurship b. social entrepreneurship c. charitable entrepreneurship d. non-profit entrepreneurship

b. social entrepreneurship

A business model that is characterized by being like or copying something that already exists is called ________. a. Reflective b. Carbon copy c. Novelty d. Imitative

d. Imitative

A US Government Organization that is in place to support and assist small businesses is _____________________ a. Government Business Incubators b. Office of Small Business Development c. The Federal Reserve d. Small Business Administration (SBA)

d. Small Business Administration (SBA)

According to the course Text, which is not a "universally mentioned reward" for entrepreneurs a. Income b. Growth c. Flexibility d. Wealth

d. Wealth