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Business Principles
Chapter 6 Questions
Question | Answer |
---|---|
It is suggested that entrepreneurs are a “different breed.” Which of the following is a characteristic of an entrepreneur? | a tendency to avoid risks |
Someone who uses entrepreneurial talent while working for large firm is called a(n): | intrapreneur |
When an entrepreneur experiences failure: | the entrepreneur should treat the failure as a learning experience. |
Companies that want to enhance intrapreneurship should: | quickly move proposals for new ventures through the approval process at the firm. |
When trying to find an idea for a new business, it is may be wise to: | a.list your interests, abilities, values, & goals. b.consider the job experience you’ve already had. c.think about how to solve problems people have experienced @work or in their personal lives. d.look for ways improve on existing goods &services. ALL |
Popular methods for entering new ventures include | a. starting a business from scratch, based on an original idea. b. buying an existing business that has potential to be rejuvenated. c. buying a franchise. ALL |
Sources of equity financing for new ventures include | a. family and friends. b. venture capital firms. c. business partners. d. private investors. ALL |
When entrepreneurs borrow money to finance a business venture, they are using | debt financing. |
Aspiring entrepreneurs can find information by | a. subscribing to magazines and reading books. b. using the Internet. c. contacting trade associations for the industry in which they have interest. ALL |
Established firms implement programs such as skunkworks to support what type of business people? | intrapreneurs |