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- 1. Multiple ChoiceEntrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.TrueFalse
- 2. Multiple ChoiceIntrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the innovation of the firm.TrueFalse
- 3. Multiple ChoiceEntrepreneurs are Made, Not Born!TrueFalse
- 4. Multiple ChoiceA step-by-step outline of how an entrepreneur or the owner of an enterprise expects to turn ideas into reality.Business PlanOutcomeOutput
- 5. Multiple Choice
TrueFalse - 6. Multiple ChoiceNew industries are born when technological change produces a new opportunity that an enterprising entrepreneur seizes.TrueFalse
- 7. Multiple ChoiceEntrepreneur is derived from the French "_________,
meaning “to undertake.”entreprendreentrepindeMarket - 8. Multiple ChoiceThe entrepreneur is one who undertakes to organize, manage, and assume the risks of a business.TrueFalse
- 9. Multiple ChoiceA dynamic process of vision, change, and creation.EntrepreneurshipEntrepreneurIntrapreneur
- 10. Multiple ChoiceIt is the process by which entrepreneurs convert opportunities into marketable ideas.InnovationSuccessfulIdeas
- 11. Multiple ChoiceIt is a combination of the vision to create a good idea and the perseverance and dedication to remain with the concept through implementation.InnovationIdeasVision
- 12. Multiple ChoiceIt is a key function in the entrepreneurial process.InnovationProcessPromotion
- 13. Multiple ChoiceTotally new product, service, or processInventionExpansionEvolution
- 14. Multiple ChoiceNew use or different application of an already existing product, service,
or processExtensionEvolutionProcedures - 15. Multiple ChoiceCreative replication of an existing conceptDuplicationExtensionInnovation
- 16. Multiple ChoiceCombination of existing concepts and factors into a new formulation or useSynthesisInnovationExtension
- 17. Multiple Choice______ whose goal is to create or capitalize on new economic opportunities through innovation EnPersonAnimalsRobot
- 18. Multiple Choice______ through which entrepreneurs create and grow enterprisesProcessCreationModified
- 19. Multiple Choice______ where significant economic and social entrepreneurial activity exists within an effective system of public and private support EnCommunityBuyerPlace
- 20. Multiple ChoiceSkunkworks = Islands of intrapreneurial activity within an organization.TrueFalse
- Answer choicesTagsAnswer choicesTags