H.Entrepreneurship I - Unit 1 - 1.01-1.02

Who is the person that organizes and operates a business, takes risk?

• business owner

• entrepreneur

• intrapreneur

• manager

Who is a manager within a company that promotes innovative product development and marketing?

• small business owner

• manager

• entrepreneur

• intrapreneur

Which of the following is NOT a part of the entrepreneurial process?

• Growth

• Implementation

• Innovation

• Staging

• Triggering Event

There are 4 types of entrepreneurship, which of the following is not one?

• Large Company Entrepreneurship

• Small Business Entrepreneurship

• Middle Operations Entrepreneurship

• Scalable Startup Entrepreneurship

In the innovation stage of the entrepreneurial process, what happens?

• Create a plan

• Take a small business to big(ger)

• Discover opportunities

• Building and managing

Which of the following is NOT true about a Small Business Entrepreneurship?

• Most barely make a profit

• They hire local employees or family

• They make up 99.7% of all companies in the US

• Company is started knowing their vision could change the world

Which of the following is true about a Scalable Startup Entrepreneurship?

• Funds for the venture are raised from venture capitalists for growth of the business

• Funding through business loans or family/friends

• Create products and services that solve social needs and problems

• Company size and culture make innovation difficult to execute.

Which of the following is NOT an example of a Social Entrepreneurship:

• Seventh Generation "green cleaning products" - reduced environmental impact

• Toms shoes - Customer buys a pair, company donates a pair

• Better World Books - recycle used books, reinvests profit into literacy

• Microsoft - software to increase efficiency and effectiveness in computer operations

Check all that are considered a factor and/or trend that impacts entrepreneurship:

• political

• emotional

• practical

• technological

The POLICITCAL factor that impacts entrepreneurship can include all of the following except:

• laws

• education

• elected officials

• tarriffs