Question 1

Complete the following using the terms listed.
-A(n)_____ is typically known to back companies in high-technology industries such as biotechnology.

Accepted Answer

L

Question 2

Complete the following using the terms listed.
-A(n)_____ starts a business to gain flexibility in work hours and control over his or her life.

Accepted Answer

A lifestyle entrepreneur starts a business to seek a particular lifestyle or to have more flexibility in their work schedule. They are not necessarily seeking high growth or significant profits but prioritize a work-life balance.

Question 3

Complete the following using the terms listed.
-Loans from credit card companies are an example of entrepreneurs using _____.

Accepted Answer

M

Question 4

Complete the following using the terms listed.
-A(n)_____ is a form of intrapreneurship.

Accepted Answer

The answer of Complete the following using the terms listed.
-A(n)_____...

Question 5

Complete the following using the terms listed.
-A(n)_____ is an individual who invests money directly in new ventures in exchange for equity.

Accepted Answer

An angel investor is an individual who invests money directly in new ventures in exchange for equity.

Question 6

Complete the following using the terms listed.
-_____ helps entrepreneurs work quickly and efficiently,provide attentive customer service,increase sales.

Accepted Answer

Information technology can help entrepreneurs work quickly and efficiently, provide attentive customer service, and increase sales through various digital tools and platforms.

Additional Note: Some other options that could fit in the blank include "skunkworks" and "intrapreneurship," but these terms are more specific and may not apply to all entrepreneurs.

Question 7

Complete the following using the terms listed.
-In contrast to a venture capitalist,a(n)_____ focuses primarily on new ventures.

Accepted Answer

An angel investor is an individual who provides seed capital and other forms of funding to new ventures, whereas a venture capitalist typically invests in more established companies with a proven track record.

Note: The other terms listed are not as directly related to the given question or do not fit the definition provided.

Question 8

Complete the following using the terms listed.
-_____ enables entrepreneurs to take responsibility for their successes or failures.

Accepted Answer

The answer of Complete the following using the terms listed.
-_____...

Question 9

Complete the following using the terms listed.
-_____ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Accepted Answer

The characteristic of entrepreneurs believing that they control their own destiny is referred to as internal locus of control.

Question 10

Complete the following using the terms listed.
-When entrepreneurs use _____,they borrow money from banks,finance companies,credit card companies,and family or friends that must be repaid.

Accepted Answer

Debt financing refers to borrowing money that must be repaid, which is the situation described in the sentence. The other options are not relevant to this scenario.

Question 11

Complete the following using the terms listed.
-A(n)_____ is a business organization or group of private individuals who invest early-stage,high-potential growth companies.

Accepted Answer

Venture capitalists are known for investing in early-stage, high-potential growth companies. They provide funding to these companies in exchange for equity in the business. Venture capitalists typically invest in businesses that have a strong likelihood of generating significant returns on their investment.

(Note: A is incorrect because seed capital is the initial funding used to start a business or project. B is incorrect because angel investors are typically wealthy individuals who provide funding to startups or entrepreneurs in exchange for equity in the business. D is incorrect because debt financing involves borrowing money that must be repaid with interest. E, F, G, H, J, K, and L are unrelated terms.)

Question 12

Complete the following using the terms listed.
-Entrepreneurs exchange a share of ownership in their company for money supplied by one or more investors to secure _____.

Accepted Answer

Entrepreneurs exchange a share of ownership in their company for money supplied by investors in equity financing. This involves selling shares of their company to investors in exchange for funds to secure the growth of the company.

Question 13

Complete the following using the terms listed.
-_____ is the initial funding used to launch a company.

Accepted Answer

Seed capital is the primary source of funding used to start a new venture. It is typically the first money invested in a company, and often comes from the founder’s own savings or from friends and family.

Question 14

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

Accepted Answer

The answer of Explain the differences among classic entrepreneurs,serial entrepreneurs,and...

Question 15

Complete the following using the terms listed.
-A(n)_____ project is initiated by an employee who conceives an idea,convinces top management of a company of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

Accepted Answer

The answer of Complete the following using the terms listed.
-A(n)_____...

Question 16

Complete the following using the terms listed.
-Loans from banks are a source of _____.

Accepted Answer

Loans from banks fall under the category of debt financing, which involves borrowing money that must be repaid over time with interest.

Alternatively,

Answer: D and I 
 While debt financing (D) involves borrowing money that must be repaid over time with interest, equity financing (I) involves raising capital by selling ownership shares in a company. Both options are available through loans from banks.

Question 17

Complete the following using the terms listed.
-A(n)_____ recognizes a societal problem and uses business principles to develop innovative solutions.

Accepted Answer

A social entrepreneur recognizes a societal problem and uses business principles to develop innovative solutions.

Question 18

Complete the following using the terms listed.
-A person who identifies a business opportunity and allocates available resources to tap that market is a(n)_____.

Accepted Answer

A classic entrepreneur is someone who identifies a market opportunity and allocates resources to tap that market. This definition fits the description given in the question.

Question 19

Describe the differences between entrepreneurs and small-business owners and managers.

Accepted Answer

The answer of Describe the differences between entrepreneurs and small-business...

Question 20

Complete the following using the terms listed.
-_____ is the process of promoting innovation within the structure of an existing organization.

Accepted Answer

Intrapreneurship is the process of promoting innovation within the structure of an existing organization, allowing employees to act as entrepreneurs within the company. This can lead to new products, services, and processes that enhance the company's overall competitiveness.

Quiz 6: Starting Your Own Business: the Entrepreneurship Alternative

Complete the following using the terms listed. -A(n) _____ is typically known to back companies in high-technology industries such as biotechnology.

Complete the following using the terms listed. -A(n) _____ starts a business to gain flexibility in work hours and control over his or her life.

Complete the following using the terms listed. -Loans from credit card companies are an example of entrepreneurs using _____.

Complete the following using the terms listed. -A(n) _____ is a form of intrapreneurship.

Complete the following using the terms listed. -A(n) _____ is an individual who invests money directly in new ventures in exchange for equity.

Complete the following using the terms listed. -_____ helps entrepreneurs work quickly and efficiently,provide attentive customer service,increase sales.

Complete the following using the terms listed. -In contrast to a venture capitalist,a(n) _____ focuses primarily on new ventures.

Complete the following using the terms listed. -_____ enables entrepreneurs to take responsibility for their successes or failures.

Complete the following using the terms listed. -_____ refers to the characteristic of entrepreneurs believing that they control their own destiny.

Complete the following using the terms listed. -When entrepreneurs use _____,they borrow money from banks,finance companies,credit card companies,and family or friends that must be repaid.

Complete the following using the terms listed. -A(n) _____ is a business organization or group of private individuals who invest early-stage,high-potential growth companies.

Complete the following using the terms listed. -Entrepreneurs exchange a share of ownership in their company for money supplied by one or more investors to secure _____.

Complete the following using the terms listed. -_____ is the initial funding used to launch a company.

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

Complete the following using the terms listed. -A(n) _____ project is initiated by an employee who conceives an idea,convinces top management of a company of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

Complete the following using the terms listed. -Loans from banks are a source of _____.

Complete the following using the terms listed. -A(n) _____ recognizes a societal problem and uses business principles to develop innovative solutions.

Complete the following using the terms listed. -A person who identifies a business opportunity and allocates available resources to tap that market is a(n) _____.

Describe the differences between entrepreneurs and small-business owners and managers.

Complete the following using the terms listed. -_____ is the process of promoting innovation within the structure of an existing organization.