MANA 3325 Chapter 1
entrepreneur - correct answer ✔✔one who creates a new business in the face of risk and uncertainty for
the purpose of achieving profit and growth by identifying significant opportunities and assembling the
necessary resources to capitalize on them
serial entrepreneurs - correct answer ✔✔those who repeatedly start businesses and grow them to a
sustainable size before striking out again
leapfrog Gers - correct answer ✔✔the majority of serial entrepreneurs are _____________________,
people who start a company, manage its growth until they get bored, and then sell it to start another
jugglers - correct answer ✔✔also known as parallel entrepreneurs
people who start and manage several companies at once
instinctively known the process takes time and choose to pursue several ideas at once
social entrepreneurs - correct answer ✔✔these business builders seek innovative solutions to some of
society's most vexing problems
they use their skills not only to create profitable business ventures but also to achieve social and
environmental goals for society as a whole
cloud computing - correct answer ✔✔Internet-based subscription or pay per use software services that
allow business owners to use a variety of business applications, from database management and
inventory control to customer relationship management and accounting, has reduced business start-up
and operating costs.
small business - correct answer ✔✔one that employs fewer than 100 people
thrive in virtually every industry, although the majority of small companies are concentrated in the
service, construction and retail industries.
entrepreneur - correct answer ✔✔one who creates a new business in the face of risk and uncertainty for
the purpose of achieving profit and growth by identifying significant opportunities and assembling the
necessary resources to capitalize on them
serial entrepreneurs - correct answer ✔✔those who repeatedly start businesses and grow them to a
sustainable size before striking out again
leapfrog Gers - correct answer ✔✔the majority of serial entrepreneurs are _____________________,
people who start a company, manage its growth until they get bored, and then sell it to start another
jugglers - correct answer ✔✔also known as parallel entrepreneurs
people who start and manage several companies at once
instinctively known the process takes time and choose to pursue several ideas at once
social entrepreneurs - correct answer ✔✔these business builders seek innovative solutions to some of
society's most vexing problems
they use their skills not only to create profitable business ventures but also to achieve social and
environmental goals for society as a whole
cloud computing - correct answer ✔✔Internet-based subscription or pay per use software services that
allow business owners to use a variety of business applications, from database management and
inventory control to customer relationship management and accounting, has reduced business start-up
and operating costs.
small business - correct answer ✔✔one that employs fewer than 100 people
thrive in virtually every industry, although the majority of small companies are concentrated in the
service, construction and retail industries.
