Entrepreneurship

Which of the following inputs is NOT involved in entrepreneurship?

• Opportunity

• Proactive individual(s)

• Risk

• External locus of control

If someone starts a new business that is a service station, this is an example of a(n):

• new concept/new business

• existing concept/new business

• existing concept/existing business

• new concept/existing business

Experts:

• agree that anyone can be taught to be an entrepreneur.

• believe that entrepreneurship can be taught only to someone who is under 20 years of age.

• believe that entrepreneurship can be taught only to those who are over 20 years of age.

• disagree on whether entrepreneurship can be taught.

Entrepreneurs would be best described as risk:

• averse.

• rewarders.

• managers.

• managers.

The Internet offers several entrepreneurial opportunities because ...

• it gives mostly free access to data

• it creates new ways of consumption

• it reduces costs

• all of the above

When private entrepreneurs purchase the rights to open and run a location of a larger company:

• Private partnership

• Business alliance

• Franchise

• License