BUS 508 Chapter 6 Quiz\t1. \ufffd ________ are wealthy individuals who invest money directly in new ventures in exchange for equity, are a larger source of investment capital for start-up firms.\t2. \ufffd The following can be classified as the different types of entrepreneurs, except:\t3. \ufffd Entrepreneurs have an internal locus of control, which means they believe that they control their own destinies.\t4. \ufffd A ________ project is initiated by an employee who conceives an idea, convinces top management of its potential, and then recruits human and other resources from within the company to turn the idea into a commercial project.\t5. \ufffd Demographic trends”\ufffdincluding the aging of the U.S. population, the growth of ethnic groups, and the predominance of two-income families”\ufffdcreate opportunities for entrepreneurs.\t6. \ufffd Growth in entrepreneurship is not a worldwide phenomenon.\t7. \ufffd ________ is the process of promoting innovation within their organizational structures.\t8. \ufffd Many Boomers also plan to work after retirement from traditional jobs or careers, either because they want to or in order to boost income and savings.\t9. \ufffd ________ are employees who direct the efforts of others to achieve an organization’s goals.\t10.\u00a0 Growth in entrepreneurship is not a worldwide phenomenon.\t11.\u00a0 Government legislation can also encourage investment in the U.S. economy.\t12.\u00a0 An ________ is a risk taker in the private enterprise system, a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business.\t13.\u00a0 Dealing with unexpected events is not the norm for most entrepreneurs.\t14.\u00a0 Entrepreneurs do not generally begin with a vision”\ufffdan overall idea for how to make their business idea a success.\t15.\u00a0 Bill Gates and Paul Allen launched ________ with the vision of a computer on every desk and in every home, all running software.\t16.\u00a0 Overall, the general attitude toward entrepreneurs in the United States is positive.\t17.\u00a0 Even entrepreneurs who have not previously received funding from banks have experienced a credit crunch in recent years.\t18.\u00a0 The first African American woman billionaire ________ has built an empire stretching from television to magazines to radio.\t19.\u00a0 Like buying an established business, buying a franchise offers a less risky way to begin a business than starting an entirely new firm.\t20.\u00a0 Many entrepreneurs who start new businesses invent new products or processes.________ is the process of promoting innovation within their organizational structures.<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 508 Chapter 6 Quiz 1. \ufffd ________ are wealthy individuals who invest money directly in new ventures in exchange for equity, are a larger source of investment capital for start-up firms. 2. \ufffd The following can be classified as Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-205179","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=205179"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=205179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=205179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=205179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}