Chapter 1 Overview - Sage Vantage
correctly answered to pass
One of the main reasons over 50 percent of startups fail after years of business is ______.
there is no longer a need for the idea or product
Answer Choices:
a lack of entrepreneurship education
a loss of interest
the competition - correct answer ✔✔a lack of entrepreneurship education
If you find a strategic partner or contact friends to test out your new idea, you are using the ______
method.
Answer Choices:
entrepreneurial
managerial
small business
startup - correct answer ✔✔entrepreneurial
A fundamental part of the entrepreneurship method is providing ______.
Answer Choices:
a guarantee for success
ways to confront uncertainty rather than avoid it
help from serial entrepreneurs who know what it is like
a step-by-step guide to starting a new business - correct answer ✔✔ways to confront uncertainty rather
than avoid it
, A less risky way to become an entrepreneur is to buy an existing small business.
Answer Choices:
True or False? - correct answer ✔✔True
People who start many businesses are known as ______.
Answer Choices:
multipliers
effectuators
risk-takers
serial entrepreneurs - correct answer ✔✔serial entrepreneurs
The more you practice, the better you will be at whatever you are practicing.
Answer Choices:
True or False? - correct answer ✔✔False
**Researchers have found that it depends on how you practice.
When you are starting your new company, you ______.
Answer Choices:
should only work on the weekends as to not interfere with your other job
can use your current employer's resources
should check your employment contract for any language prohibiting you from working a side job
correctly answered to pass
One of the main reasons over 50 percent of startups fail after years of business is ______.
there is no longer a need for the idea or product
Answer Choices:
a lack of entrepreneurship education
a loss of interest
the competition - correct answer ✔✔a lack of entrepreneurship education
If you find a strategic partner or contact friends to test out your new idea, you are using the ______
method.
Answer Choices:
entrepreneurial
managerial
small business
startup - correct answer ✔✔entrepreneurial
A fundamental part of the entrepreneurship method is providing ______.
Answer Choices:
a guarantee for success
ways to confront uncertainty rather than avoid it
help from serial entrepreneurs who know what it is like
a step-by-step guide to starting a new business - correct answer ✔✔ways to confront uncertainty rather
than avoid it
, A less risky way to become an entrepreneur is to buy an existing small business.
Answer Choices:
True or False? - correct answer ✔✔True
People who start many businesses are known as ______.
Answer Choices:
multipliers
effectuators
risk-takers
serial entrepreneurs - correct answer ✔✔serial entrepreneurs
The more you practice, the better you will be at whatever you are practicing.
Answer Choices:
True or False? - correct answer ✔✔False
**Researchers have found that it depends on how you practice.
When you are starting your new company, you ______.
Answer Choices:
should only work on the weekends as to not interfere with your other job
can use your current employer's resources
should check your employment contract for any language prohibiting you from working a side job
