Question 1

Match the following profit measures to their definitions.
-Profit margin.
A) A comparative indicator of profit in relation to sales value.
B) Gross profit less all operating expenses but not interest and taxes.
C) A measure of company performance after deducting operating expenses and interest but not taxes.
D) A simple measure of profit obtained from the sale of goods and services. Also referred to as sales profit.

Accepted Answer

Profit margin is a comparative indicator that shows the percentage of profit a company makes for each dollar of sales, highlighting efficiency in controlling costs relative to revenue.

Question 2

Fill in the missing words for this discussion of what different types of financiers are looking for:
But, whereas ______ will want capital ______ over an agreed term, investors will probably be looking for significant ______ on an ______ investment.

Accepted Answer

The answer of Fill in the missing words for this...

Question 3

Match the type of knowledge with the relevant examples.
-Practical knowledge of the entrepreneur.
A) The founders of a new social enterprise know about the needs of young disabled people in their city.
B) The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business.
C) Economists identify a correlation between research and development spill-overs and economic growth in two countries.
D) Organizational researchers show how entrepreneurs can use social networks more effectively.

Accepted Answer

Practical knowledge involves understanding specific needs or situations, as in the case of the founders knowing about the needs of young disabled people in their city.

Question 4

Match the type of knowledge with the relevant examples.
-Practical knowledge about entrepreneurship.
A) The founders of a new social enterprise know about the needs of young disabled people in their city.
B) The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business.
C) Economists identify a correlation between research and development spill-overs and economic growth in two countries.
D) Organizational researchers show how entrepreneurs can use social networks more effectively.

Accepted Answer

The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business. This is an example of practical knowledge about entrepreneurship, as it is knowledge that can be used to make decisions about how to run a business.

Question 5

Match the type of knowledge with the relevant examples.
-Social science knowledge with practical implications for entrepreneurship.
A) The founders of a new social enterprise know about the needs of young disabled people in their city.
B) The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business.
C) Economists identify a correlation between research and development spill-overs and economic growth in two countries.
D) Organizational researchers show how entrepreneurs can use social networks more effectively.

Accepted Answer

Social science knowledge with practical implications for entrepreneurship would involve research and studies that provide actionable advice and strategies for entrepreneurs. Option D fits the description as the organizational researchers have shown how entrepreneurs can use social networks more effectively, which can be directly applied to the entrepreneurial context. The other options involve knowledge of specific needs, resources, or correlations but do not necessarily have a direct practical implication for entrepreneurship.

Question 6

Match the type of knowledge with the relevant examples.
-Social science knowledge with no implications for practical entrepreneurship.
A) The founders of a new social enterprise know about the needs of young disabled people in their city.
B) The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business.
C) Economists identify a correlation between research and development spill-overs and economic growth in two countries.
D) Organizational researchers show how entrepreneurs can use social networks more effectively.

Accepted Answer

The example refers to economists identifying a correlation between research and development spill-overs and economic growth in two countries, which is knowledge from social science but does not have direct implications for practical entrepreneurship.

Question 7

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used
-Research has focused on how to reconcile the active role of the entrepreneur with the 'invisible hand' of the market) and a more policy-oriented and outward-looking strand that examines the relationship between entrepreneurial activity and achieving greater economic growth.
A) Business history
B) Psychology and behavioural studies
C) Economics
D) Sociology, human geography and anthropology

Accepted Answer

Economics has provided insights into the relationship between entrepreneurial activity and achieving greater economic growth.

Question 8

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used
-The focus is on individual human beings, with a focus on what makes people entrepreneurial and the actions associated with being entrepreneurial.
A) Business history
B) Psychology and behavioural studies
C) Economics
D) Sociology, human geography and anthropology

Accepted Answer

Psychology and behavioural studies have provided insights into the individual traits and actions associated with entrepreneurship, such as risk-taking, creativity, and opportunity recognition.

Question 9

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used
-Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.
A) Business history
B) Psychology and behavioural studies
C) Economics
D) Sociology, human geography and anthropology

Accepted Answer

Disciplines such as sociology, human geography, and anthropology have provided insights into how social, cultural, and economic factors shape individual entrepreneurship. They have studied how ethnicity, gender, social networks, and institutional context influence the entrepreneurship process.

Question 10

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used
-A focus on archive-based research (e.g. investigating early company documents, personal diaries, trade publications etc.).
A) Business history
B) Psychology and behavioural studies
C) Economics
D) Sociology, human geography and anthropology

Accepted Answer

Business history focuses on archive-based research to examine the development and evolution of entrepreneurship over time, offering insights into historical patterns and changes in the entrepreneurial and business landscape.

Question 11

Complete the following sentence by choosing the appropriate phrase for each gap.
In the late 20th century, a powerful coalition of economists and political scientists, sometimes referred to as the 'New Right', developed a series of ______ initiatives to create more ______ economies based on a ______ model.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 12

Complete the following sentence by choosing the appropriate phrase for each gap.
The 20th century political economist, Friedrich von Hayek first used the term ______ to refer to the kind of specialised local knowledge that an entrepreneur might use from day to day in order to secure a profit. Hayek contrasted this with the ______ used in economics; an example of this would be the correlation between R&D spillovers and economic growth, which has no immediate practical implications for entrepreneurial practice.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 13

Complete the following sentence by choosing the appropriate phrase for each gap.
Entrepreneurship researchers need to combine the theoretically informed, ______ generated by academics and the more concrete ______ of entrepreneurs.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 14

Complete the following sentence by choosing the appropriate phrase for each gap.
In much of the work adopting a ______ perspective, there is a largely ______ approach to entrepreneurship.

Accepted Answer

The answer of Complete the following sentence by choosing the...

Question 15

What factors are used to refer to the following two dispositions (separated by semi-colons): Outgoing, sociable and optimistic; Anxious, emotionally unstable, prone to depression.

Accepted Answer

The answer of What factors are used to refer to...

Question 16

Complete the statement dealing with individual perspectives on entrepreneurship ______ approaches are still widely used by practitioners, teachers and researchers. One of the most common applications is ______ designed to ______ or evaluate ______

Accepted Answer

The answer of Complete the statement dealing with individual perspectives...

Question 17

Complete the quotation from Low and Macmillan.
'______ and methodological problems associated with these past ______ studies, such as non-comparable samples, bias toward successful entrepreneurs, and the possibility that observed entrepreneurial traits are the ______ of entrepreneurial experience, make it difficult to interpret the results. Furthermore, at a more fundamental level, it can be argued that the ______ among entrepreneurs make any attempt to develop a standard ______ profile futile.'

Accepted Answer

The answer of Complete the quotation from Low and Macmillan.
'______...

Question 18

What did Van Stel and Storey find from their study of UK enterprise policy?
'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be ______ at best and ______ at worst'.

Accepted Answer

The answer of What did Van Stel and Storey find...

Question 19

As a branch of the social sciences what does economics study?

Accepted Answer

The answer of As a branch of the social sciences...

Question 20

Complete the following insight offered by Simon Parker:
'In essence, the ______ of entrepreneurship analyses how economic ______ influence entrepreneurial behaviour, and how ______ In turn affects the broader economy.'

Accepted Answer

The answer of Complete the following insight offered by Simon...

Quiz 1: Exploring Entrepreneurship

Match the following profit measures to their definitions. -Profit margin.

Fill in the missing words for this discussion of what different types of financiers are looking for: But, whereas will want capital over an agreed term, investors will probably be looking for significant on an investment.

Match the type of knowledge with the relevant examples. -Practical knowledge of the entrepreneur.

Match the type of knowledge with the relevant examples. -Practical knowledge about entrepreneurship.

Match the type of knowledge with the relevant examples. -Social science knowledge with practical implications for entrepreneurship.

Match the type of knowledge with the relevant examples. -Social science knowledge with no implications for practical entrepreneurship.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -The focus is on individual human beings, with a focus on what makes people entrepreneurial and the actions associated with being entrepreneurial.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -A focus on archive-based research (e.g. investigating early company documents, personal diaries, trade publications etc.) .

Complete the following sentence by choosing the appropriate phrase for each gap. In the late 20th century, a powerful coalition of economists and political scientists, sometimes referred to as the 'New Right', developed a series of initiatives to create more economies based on a __ model.

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, generated by academics and the more concrete of entrepreneurs.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a perspective, there is a largely approach to entrepreneurship.

What factors are used to refer to the following two dispositions (separated by semi-colons): Outgoing, sociable and optimistic; Anxious, emotionally unstable, prone to depression.

Complete the statement dealing with individual perspectives on entrepreneurship approaches are still widely used by practitioners, teachers and researchers. One of the most common applications is designed to or evaluate

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be at best and at worst'.

As a branch of the social sciences what does economics study?

Complete the following insight offered by Simon Parker: 'In essence, the of entrepreneurship analyses how economic influence entrepreneurial behaviour, and how __ In turn affects the broader economy.'

Quiz 1: Exploring Entrepreneurship

Match the following profit measures to their definitions. -Profit margin.

Fill in the missing words for this discussion of what different types of financiers are looking for: But, whereas ______ will want capital ______ over an agreed term, investors will probably be looking for significant ______ on an ______ investment.

Match the type of knowledge with the relevant examples. -Practical knowledge of the entrepreneur.

Match the type of knowledge with the relevant examples. -Practical knowledge about entrepreneurship.

Match the type of knowledge with the relevant examples. -Social science knowledge with practical implications for entrepreneurship.

Match the type of knowledge with the relevant examples. -Social science knowledge with no implications for practical entrepreneurship.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -The focus is on individual human beings, with a focus on what makes people entrepreneurial and the actions associated with being entrepreneurial.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -Research at the individual-level with a focus on how entrepreneurship is shaped by larger social forces.

Match the disciplinary perspective with the insights that they have provided into entrepreneurship or the methods that they have used -A focus on archive-based research (e.g. investigating early company documents, personal diaries, trade publications etc.) .

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, ______ generated by academics and the more concrete ______ of entrepreneurs.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a ______ perspective, there is a largely ______ approach to entrepreneurship.

What factors are used to refer to the following two dispositions (separated by semi-colons): Outgoing, sociable and optimistic; Anxious, emotionally unstable, prone to depression.

Complete the statement dealing with individual perspectives on entrepreneurship ______ approaches are still widely used by practitioners, teachers and researchers. One of the most common applications is ______ designed to ______ or evaluate ______

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be ______ at best and ______ at worst'.

As a branch of the social sciences what does economics study?

Complete the following insight offered by Simon Parker: 'In essence, the ______ of entrepreneurship analyses how economic ______ influence entrepreneurial behaviour, and how ______ In turn affects the broader economy.'

Fill in the missing words for this discussion of what different types of financiers are looking for: But, whereas will want capital over an agreed term, investors will probably be looking for significant on an investment.

Complete the following sentence by choosing the appropriate phrase for each gap. Entrepreneurship researchers need to combine the theoretically informed, generated by academics and the more concrete of entrepreneurs.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a perspective, there is a largely approach to entrepreneurship.

Complete the statement dealing with individual perspectives on entrepreneurship approaches are still widely used by practitioners, teachers and researchers. One of the most common applications is designed to or evaluate

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be at best and at worst'.

Complete the following insight offered by Simon Parker: 'In essence, the of entrepreneurship analyses how economic influence entrepreneurial behaviour, and how __ In turn affects the broader economy.'