Exam 6: Entrepreneurship and New Ventures

A) Debt consolidation
B) Equity financing
C) Debt financing
D) Securitization
E) Risk management

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A) Business councilors
B) Business incubators
C) Succession plans
D) Social advisors
E) Internet entrepreneurships

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A) Classic entrepreneurship
B) Serial entrepreneurship
C) Intrapreneurship
D) An initial public offering
E) Necessity-based entrepreneurship

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A) They are born, not made.
B) They pursue innovations within the company that can change the organization in significant ways.
C) They make large investments in new ventures in return for an equity stake in the business.
D) They start and run businesses and nonprofits over and over again, moving from one interest and opportunity to the next.
E) They are primarily responsible for selling of shares of stock to the public at large.

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A) Jean's decision to modify a pre-existing problem-tackling strategy in his private firm
B) Roger's decision to hire an experienced manager to head his new branch in another state
C) Karl's decision to expand his private firm overseas despite the risk of facing cultural differences
D) Sasha's decision to quit her job to enter into a partnership with a well-recognized firm
E) Giselle's decision to join her family's well-established business

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A) do not like situations with high degree of uncertainty.
B) thrive on performance feedback.
C) have an external locus of control.
D) are unwilling to admit problems and errors.
E) do not like autonomy.

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A) They believe that their destiny is beyond their control.
B) They like to avoid risk.
C) They have a high need for achievement.
D) They are averse to autonomy.
E) They have a low tolerance for ambiguity.

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A) It is one of the least common ways to get involved in a business.
B) It runs under the franchisee's name and guidance.
C) The franchise parent receives a flat fee from the franchisee.
D) It makes use of things like opensource software, while containing costs, staying small, and keeping operations as simple as possible.
E) It refers to a business in which material or goods are given to another person, but ownership is retained until the goods are sold.

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A) Initial public offering
B) Revolving credit
C) Debt financing
D) Angel investment
E) Venture capital financing

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A) business planning
B) partnership
C) entrepreneurship
D) proxemics
E) franchising

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A) Internal locus of control
B) High energy level
C) High need for achievement
D) Tolerance for ambiguity
E) Flexibility

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A) making improvements to existing product lines.
B) being the first to exploit a niche or enter a market.
C) being the first to take a free-ride on the opportunity created by a pioneer.
D) the ability to poach trained personnel from an established business.
E) taking risks while strategizing to improve an existing market.

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A) Not taking the time to craft a vision and mission, nor to formulate and properly implement a plan
B) Not having enough funding to maintain operations while still building the business and gaining access to customers and markets
C) Not having sufficient know-how to run a business in the chosen market or geographical area
D) Falling prey to the temptations of fraud, deception, and embezzlement
E) Not having expertise in the essentials of business operations, including finance, purchasing, selling, and production

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