Question 1

Discuss the four motives frequently cited as major reasons why people become entrepreneurs.

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Question 2

Complete the following using the terms listed below.
-A(n) ______ is an economic zone within a municipality-an area that the federal government has set aside as a First Nation reserve land.

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Urban reserve is the only term that fits the description given in the sentence.

Question 3

Social entrepreneurs are NOT just philanthropists who give to good causes to help others. Explain.

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Question 4

List the eight major characteristics of an entrepreneur.

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Question 5

Mention and explain four major benefits of being an entrepreneur.

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Question 6

All entrepreneurs exhibit some common traits. Mention and explain five of those traits.

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Question 7

Explain the differences among classic entrepreneurs, serial entrepreneurs, and social entrepreneurs.

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Question 8

Compare and contrast the difference between the three categories of entrepreneurs?

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Question 9

List the four factors that have contributed to the expansion in entrepreneurship.

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Question 10

Complete the following using the terms listed below.
-______ is the process of promoting innovation within an established company.

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Question 11

Describe the differences between entrepreneurs and small-business managers.

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Question 12

Based on what you learned from the chapter, mention and explain four distinguishing characteristics of entrepreneurs and small-business owners?

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Question 13

Describe how social networking has transformed the business environment for entrepreneurs.

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Question 14

Mention and explain two motives that drive people to become entrepreneurs. Explain with examples.

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Question 15

Explain recent demographic and economic trends that create opportunities for entrepreneurs to market new goods and services.

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Question 16

Demographic information offers opportunity to identify differing needs of customers. What are some of the demographic factors and how will you use those to identify opportunities for investment?

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Question 17

Globalization and information technology present mutually supportive environments for increased marketing opportunities for an entrepreneur. Suppose you are to invest as an entrepreneur, how would your globalization and information technology help your business?

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Question 18

Identify the essential resources required by entrepreneurs and explain how they use each of these resources to accomplish their business goals?

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Question 19

Discuss how an entrepreneur views job security.

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Question 20

Complete the following using the terms listed below.
-When entrepreneurs use ______, they borrow money from banks, finance companies, and credit card companies, which must be repaid.

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Debt financing refers to borrowing money that must be repaid, which is the definition given in the sentence.

Quiz 6: Starting Your Own Business: the Entrepreneurship Alternative