Which of the following scenarios best illustrates an entrepreneur?
A) Jackson launched his business in the residential construction industry in 2006, but lost everything in 2007 when the market changed. As he regroups, he formulates a philosophy that failure is a beginning for him, and not an end. As he clears away the rubble of his disaster, he begins to build a new enterprise.
B) Jewel launched into the film business by crafting a successful independent film. Unfortunately for her, revenues were not sufficient for her to pay off her hefty equipment and travel debts. As she files for bankruptcy, she reads the classifieds and vows, to never go back.
C) Mike's Metronome Manufacturing, LLC has specialized in timekeeping devices for musicians for several decades. Mike passed away and left the operation to his sons. They in turn run it competently, but it gradually loses market share because its product line is no longer innovative since Mike died.
D) Basil's great grandfather left him a considerable inheritance, which is managed by several hundred different men at different agencies, including a philanthropic institution that provides venture capital to startup companies. Basil lives quite comfortably and is very grateful to his late grandfather.
Correct Answer:
Verified
Q104: Marion has ventured on his own with
Q105: Mary Kate wants to start a business.
Q106: Entrepreneurs with a strong internal locus of
Q107: When things go poorly, people with an
Q108: Small business startups are likely to find
Q110: Tayron is in need of financing for
Q111: Which of the following is NOT a
Q112: Who among the following individuals does NOT
Q113: When entrepreneurs fail, they tend to:
A) frequently
Q114: Entrepreneurs tend to be tolerant of:
A) scarcity;
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents