EEE 2023 Chapters 1-4 Exam Questions And
Answers With Correct Answers Latest
Update 20226/ 2027 Graded A+
Reasons people become entrepreneurs - Correct Answers-be their own boss
pursue their own ideas
pursue financial rewards
Characteristics of Successful Entrepreneurs - Correct Answers-passion for the
business, product/customer focus, execution intelligence, tenacity despite failure
Entrepreneurship - Correct Answers-the process by which individuals pursue
opportunities without regard to resources they currently control
or
the art of turning an idea into a business
Corporate Entrepreneurship - Correct Answers-established firms with an orientation
toward acting entrepreneurially
Salary-substitute Firm - Correct Answers-small firms that yield a level of income for their
owner that is similar to what they would earn when working for an employer
(dry cleaners, retail stores, restaurants...)
Lifestyle Firm - Correct Answers-provide their owner the opportunity to pursue a
particular lifestyle and earn a living while doing so
(personal trainers, tour guides...)
Entrepreneurial Firm - Correct Answers-brings new products and services to market by
creating and seizing opportunities
(Dropbox, Facebook, Uber...)
Entrepreneurial Process - Correct Answers-1. Deciding to become an entrepreneur
2. Developing successful business ideas
3. Moving from an idea to an entrepreneurial firm
4. Managing and growing the entrepreneurial firm
Opportunity - Correct Answers-a favorable set of circumstances that creates a need for
a new product, service, or business
Answers With Correct Answers Latest
Update 20226/ 2027 Graded A+
Reasons people become entrepreneurs - Correct Answers-be their own boss
pursue their own ideas
pursue financial rewards
Characteristics of Successful Entrepreneurs - Correct Answers-passion for the
business, product/customer focus, execution intelligence, tenacity despite failure
Entrepreneurship - Correct Answers-the process by which individuals pursue
opportunities without regard to resources they currently control
or
the art of turning an idea into a business
Corporate Entrepreneurship - Correct Answers-established firms with an orientation
toward acting entrepreneurially
Salary-substitute Firm - Correct Answers-small firms that yield a level of income for their
owner that is similar to what they would earn when working for an employer
(dry cleaners, retail stores, restaurants...)
Lifestyle Firm - Correct Answers-provide their owner the opportunity to pursue a
particular lifestyle and earn a living while doing so
(personal trainers, tour guides...)
Entrepreneurial Firm - Correct Answers-brings new products and services to market by
creating and seizing opportunities
(Dropbox, Facebook, Uber...)
Entrepreneurial Process - Correct Answers-1. Deciding to become an entrepreneur
2. Developing successful business ideas
3. Moving from an idea to an entrepreneurial firm
4. Managing and growing the entrepreneurial firm
Opportunity - Correct Answers-a favorable set of circumstances that creates a need for
a new product, service, or business
