ENTR 220 Lectures 1 and 2

The word entrepreneur is derived from the ...................... language.

• French

• Latin

• Arabic

• English

What is entrepreneurship?

• It is the process of becoming rich. You have to have a lot of money to start.

• It is the process of pursuing opportunities without regard to resources for future benefits.

People become entrepreneurs mainly because they want to pursue financial rewards, pursue their own ideas ​ and ​ (a)   ​ ​

• be their own boss
• be dentists
• work at a hospital
• be famous

Google is an ongoing firm that is continuously innovating. What do we call this behavior?

• business behaviour

• bad behaviour

• entrepreneurial behaviour

• financial behaviour

We have many new products and services now e.g Jahez and Uber. This is an example of how entrepreneurship has helped .....................

• society

• only doctors

• only pharmacists

• only dentists

The ............................ is a joint research effort to track entrepreneurship around the world.

• Global Entrepreneurship Monitor

  GEM

• Human Development Report

  HDR

Entrepreneurship is ..................

• revolutionizing

• unchanged

What can we call a young firm with at least 20% yearly sales growth (every year) for five years?

• a charity

• a gazelle

Entreprenurial demographics are changing. The numbers of female entrepreneurs are ____________________

• increasing

• decreasing

Small businesses _________________ job opportunities.

• create many

• destroy