Entrepreneurship Midterm

Which learning objective focuses on the conditions for part-time entrepreneurship?

• Describe the conditions that make part-time entrepreneurship a good decision.

• Describe the challenges of full-time entrepreneurship.

• Describe the benefits of corporate jobs.

• Describe the history of small businesses.

What does LO 5-3 aim to describe?

• The financial aspects of entrepreneurship.

• The kinds of part-time entrepreneurship that exist.

• The marketing strategies for small businesses.

• The legal requirements for starting a business.

Which learning objective involves key factors for decision-making in entrepreneurship?

• Describe the key factors to making a decision to go into part-time entrepreneurship.

• Describe the financial planning for startups.

• Describe the marketing strategies for large corporations.

• Describe the history of entrepreneurship.

Which learning objective addresses the advantages and pitfalls of delegating and outsourcing?

• Describe the advantages and pitfalls of delegating and outsourcing.

• Describe the benefits of in-house production.

• Describe the challenges of team management.

• Describe the history of outsourcing.

What does LO 5-7 aim to identify?

• The ethical challenges of part-time entrepreneurship.

• The financial benefits of full-time entrepreneurship.

• The marketing strategies for small businesses.

• The legal requirements for starting a business.

What is one of the strategies for going into an entrepreneurial business on a full-time basis?

• Investing in stocks

• Developing a business plan

• Joining a sports team

• Traveling abroad

What is one method for purchasing an existing business?

• Leasing

• Franchising

• Merging

• Licensing

What is the term for a partnership formed to achieve strategic goals?

• Franchise

• Strategic partnerships

• Spin-off

• Accelerator

Which term refers to practices aimed at reducing waste and improving efficiency?

• Lean business practices

• Due diligence

• Net realizable value

• Replacement value

Which term describes a newly established business?

• Start-up

• Franchise

• Buy-in

• Workout