Different types of small business ownership opportunities include all of the following except

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Entrepreneurial behavior typically requires all of the following EXCEPT:
_____ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.
What is the most common reason given for why people choose to become entrepreneurs?
Some entrepreneurs report that the financial rewards associated with entrepreneurship can be bittersweet if they are accompanied by ________.
All of the following are characteristics shared by successful entrepreneurs EXCEPT:
Which of the following is NOT a common myth about entrepreneurs?
What do you call small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer?
_____ of the 26 million businesses in the Unites States are owned by women, minorities, seniors, and young people.
Influence on innovation and job creation best typifies entrepreneurial firms' ________.
The entrepreneurial process is comprised of each of the following steps EXCEPT:
In the United States, approximately one-third of new firms fail within their first four years.
Entrepreneur and inventor mean essentially the same thing.
Entrepreneurship only pertains to starting new businesses, not existing firms.
The average entrepreneur does NOT make more money than someone with a similar amount of responsibility in a traditional job.
The number one characteristic shared by successful entrepreneurs is creativity.
Execution intelligence refers to developing a business model, putting together financial resources, and leading people towards transforming an idea into a business.
According to research, most entrepreneurs are born, not made.
Only individuals that thrive on taking big risks have the right personality to be an entrepreneur.
After winning a medal for diving in the Olympics, Cheryl starts a diving instruction school. This is an example of a lifestyle firm.
In recent years, the fastest growing areas for women-owned firms have been in cosmetology, fashion merchandising, and hair salons.
Discus entrepreneurship's importance to the economy and society as a whole:
What are the steps of the entrepreneurial process?

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Chapter 1

Chapter Quiz

This activity contains 22 questions.

Entrepreneurial behavior typically requires all of the following EXCEPT:

	invention of something new.
	willingness to take risks.
	drive.
	creativity.

_____ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.

	Risk tolerance
	Entrepreneurial intensity
	Inventiveness
	Organizational bureaucracy

What is the most common reason given for why people choose to become entrepreneurs?

	To make a lot of money.
	To escape the long hours associated with corporate jobs.
	To be their own boss.
	To be able to retire early.

Some entrepreneurs report that the financial rewards associated with entrepreneurship can be bittersweet if they are accompanied by ________.

	modest upside potential
	the thrill of starting a business
	motivating factors
	losing control of the firm

All of the following are characteristics shared by successful entrepreneurs EXCEPT:

	passion.
	risk averse.
	product/customer focus.
	tenacity despite failure.

Which of the following is NOT a common myth about entrepreneurs?

	Everyone has the potential to be an entrepreneur.
	Entrepreneurs are born, not made.
	Entrepreneurs are gamblers.
	Entrepreneurs love the spotlight.

What do you call small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer?

	sole proprietorship
	small business
	lifestyle firm
	salary-substitute firm

_____ of the 26 million businesses in the Unites States are owned by women, minorities, seniors, and young people.

	A growing number
	An insignificant portion
	A declining amount
	An unknown quantity

Influence on innovation and job creation best typifies entrepreneurial firms' ________.

	impact on society
	economic impact
	impact on larger firms
	impact on the environment

The entrepreneurial process is comprised of each of the following steps EXCEPT:

	deciding to become an entrepreneur.
	inventing a new product or process.
	managing and growing the entrepreneurial firm.
	moving from an idea to an entrepreneurial firm.

	In the United States, approximately one-third of new firms fail within their first four years.

	True False

	Entrepreneur and inventor mean essentially the same thing.

	True False

	Entrepreneurship only pertains to starting new businesses, not existing firms.

	True False

	The average entrepreneur does NOT make more money than someone with a similar amount of responsibility in a traditional job.

	True False

	The number one characteristic shared by successful entrepreneurs is creativity.

	True False

	Execution intelligence refers to developing a business model, putting together financial resources, and leading people towards transforming an idea into a business.

	True False

	According to research, most entrepreneurs are born, not made.

	True False

	Only individuals that thrive on taking big risks have the right personality to be an entrepreneur.

	True False

	After winning a medal for diving in the Olympics, Cheryl starts a diving instruction school. This is an example of a lifestyle firm.

	True False

	In recent years, the fastest growing areas for women-owned firms have been in cosmetology, fashion merchandising, and hair salons.

	True False

Discus entrepreneurship's importance to the economy and society as a whole:

To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.

What are the steps of the entrepreneurial process?

To create paragraphs in your essay response, type <p> at the beginning of the paragraph, and </p> at the end.

types small business ownership opportunities include

Different types of small business ownership opportunities include all of the following except

Entrepreneurial behavior typically requires all of the following EXCEPT:

_____ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.

What is the most common reason given for why people choose to become entrepreneurs?

Some entrepreneurs report that the financial rewards associated with entrepreneurship can be bittersweet if they are accompanied by ________.

All of the following are characteristics shared by successful entrepreneurs EXCEPT:

Which of the following is NOT a common myth about entrepreneurs?

What do you call small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer?

_____ of the 26 million businesses in the Unites States are owned by women, minorities, seniors, and young people.

Influence on innovation and job creation best typifies entrepreneurial firms' ________.

The entrepreneurial process is comprised of each of the following steps EXCEPT:

In the United States, approximately one-third of new firms fail within their first four years.

Entrepreneur and inventor mean essentially the same thing.

Entrepreneurship only pertains to starting new businesses, not existing firms.

The average entrepreneur does NOT make more money than someone with a similar amount of responsibility in a traditional job.

The number one characteristic shared by successful entrepreneurs is creativity.

Execution intelligence refers to developing a business model, putting together financial resources, and leading people towards transforming an idea into a business.

According to research, most entrepreneurs are born, not made.

Only individuals that thrive on taking big risks have the right personality to be an entrepreneur.

After winning a medal for diving in the Olympics, Cheryl starts a diving instruction school. This is an example of a lifestyle firm.

In recent years, the fastest growing areas for women-owned firms have been in cosmetology, fashion merchandising, and hair salons.

Discus entrepreneurship's importance to the economy and society as a whole:

What are the steps of the entrepreneurial process?

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