FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 1: Practicing Entrepreneurship

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 41

Essay

Review LaterAdd Note

Review Later

Discuss social entrepreneurship and describe the differences between social entrepreneurial ventures and nonprofit organizations.

Correct Answer

verified

There has been some debate as to how to ...

View Answer

Show Answer

Question 42

True/False

Review LaterAdd Note

Review Later

Research has proven that successful entrepreneurs are planners and most insist on having a formal business plan in place before launching a new venture.

Correct Answer

verified

Show Answer

Question 43

True/False

Review LaterAdd Note

Approximately 70% of family businesses fail or are sold before the second generation reaches a position to take over.

Franchising can be a beneficial way for entrepreneurs to get a head start in launching their own businesses since they do not have to pay the franchisor royalties after buying the franchise.

What is the process of creating new products,ventures,processes,or renewal within large organizations?

Which social entrepreneur and Nobel Prize Winner said,"All human beings are entrepreneurs.When we were in the caves,we were all self-employed…finding our food,feeding ourselves"?

Social entrepreneurship is a term used only to describe not-for-profit ventures.

Approaching entrepreneurship as a ______ caters to its unpredictable and uncertain nature.

What was violinist Nathan Milstein concerned about with deliberate practice?

Entrepreneurs who have engaged in years of deliberate practice tend to have ______.

Robert has a business that he wants to pass down to others in his family to run.Robert has ______.

Analyze the benefit corporation (B-Corp)and describe its purpose and role for entrepreneurs.

Rafael is struggling with next steps for his startup.He asks his friends for feedback on his idea.What part of the entrepreneurship method is he using?

Compare and contrast three truths about entrepreneurship and your own experience with entrepreneurs.

In the Entrepreneurship Method,______ requires thinking about and analyzing existing information.

Social entrepreneurship is defined as the process of innovating new social media business opportunities.

Successful entrepreneurs tend to follow which approach to collaboration?

Why is the 10-step process not enough for entrepreneurial ventures?

The nonprofit "1001 Fountains for Tomorrow," whose goal is to provide safe drinking water for small rural villages in Cambodia,is an example of ______.

Paulina bought a small print shop and is very successful,but because she purchased an existing business,she is not considered an entrepreneur.