ENT 3003 Exam #1 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Earliest definition of entrepreneurship is being a form of "creative destruction"
____________.
"solo" entrepreneur 70s and 80s
high tech teams and corporate venturers 90s
Internet entrepreneur New century
the process by which individuals-either on their own or in entrepreneurship
organizations-pursue opportunities without regard to the
resources they currently control
Entrepreneurship is a mindset that is: oppurtunity-focused
risk taking
innovative
growth-orientated
Three schools of thought: 1. integrated input/output model
2. career assessment approach
3. new venture creation process
Looks at which variables are put into the process in order integrated input/output model
to achieve a certain level of entrepreneurship
, Make judgments on oneself based on where they are in career assessment approach
their career
Entrepreneurial process is affected by three major new venture creation process
categories: the individual entrepreneur,
the environment, the organization
Entrepreneur plays the role of the ______ and ____ _. catalyst, ringleader
Entrepreneurship benefits to society: 1. economic growth
2. new industry
3. job creation
the only intrinsic behavior of an entrepreneur passion
Industry life cycles: birth, growth, decline, death
Small businesses are defined as firms with less than _____ 500
people.
Three factors of economic development: 1. factor-driven economies
2. efficiency-driven economies
3. innovation-driven economies
created out of necessity and rely on unskilled labor and factor-driven economies
extraction of natural resources
growing and in need of improving their production efficiency-driven economies
processes and quality of goods produced
the most advanced and where business compete based innovation-driven economies
on innovation and entrepreneurship
Three primary characteristics of startups: 1. innovative
2. value-creating
3. growth-orientated
United States was founded on the principle of _______ _. free enterprise
The term entrepreneur was not popular until the _____. 1980s
Entrepreneurial trends: 1. global economic turmoil
2. green power
3. women's market
4. internet, social media, and mass mingling
A vital first step in entrepreneurship is _____ _. market need
Earliest definition of entrepreneurship is being a form of "creative destruction"
____________.
"solo" entrepreneur 70s and 80s
high tech teams and corporate venturers 90s
Internet entrepreneur New century
the process by which individuals-either on their own or in entrepreneurship
organizations-pursue opportunities without regard to the
resources they currently control
Entrepreneurship is a mindset that is: oppurtunity-focused
risk taking
innovative
growth-orientated
Three schools of thought: 1. integrated input/output model
2. career assessment approach
3. new venture creation process
Looks at which variables are put into the process in order integrated input/output model
to achieve a certain level of entrepreneurship
, Make judgments on oneself based on where they are in career assessment approach
their career
Entrepreneurial process is affected by three major new venture creation process
categories: the individual entrepreneur,
the environment, the organization
Entrepreneur plays the role of the ______ and ____ _. catalyst, ringleader
Entrepreneurship benefits to society: 1. economic growth
2. new industry
3. job creation
the only intrinsic behavior of an entrepreneur passion
Industry life cycles: birth, growth, decline, death
Small businesses are defined as firms with less than _____ 500
people.
Three factors of economic development: 1. factor-driven economies
2. efficiency-driven economies
3. innovation-driven economies
created out of necessity and rely on unskilled labor and factor-driven economies
extraction of natural resources
growing and in need of improving their production efficiency-driven economies
processes and quality of goods produced
the most advanced and where business compete based innovation-driven economies
on innovation and entrepreneurship
Three primary characteristics of startups: 1. innovative
2. value-creating
3. growth-orientated
United States was founded on the principle of _______ _. free enterprise
The term entrepreneur was not popular until the _____. 1980s
Entrepreneurial trends: 1. global economic turmoil
2. green power
3. women's market
4. internet, social media, and mass mingling
A vital first step in entrepreneurship is _____ _. market need
