Chapter 1: Economic Growth and the Technology Entrepreneur Quiz
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Questions and Answers

What does an entrepreneur do?

  • Identify and pursue problems (correct)
  • Avoid problems and challenges
  • Create problems and challenges
  • Ignore opportunities

    • What is the sweet spot formula for Entrepreneurial Capital (EC)?

  • EC = EV / Ecomp
  • EC = Opportunity x Ecomp (correct)
  • EC = Ecomp / Ecomm
  • EC = Ecomp + Ecomm

    • What does Economic Value (EV) equal to?

  • EV = Opportunity / Entrepreneurial Capital
  • EV = Opportunity - Entrepreneurial Capital
  • EV = Opportunity x Entrepreneurial Capital (correct)
  • EV = Opportunity + Entrepreneurial Capital

    • What is the job of an entrepreneur?

    <p>Locate new ideas and put them into action</p> Signup and view all the answers

    What is meant by 'Entrepreneurial Commitment' (Ecomm)?

    <p>Dedication of time and energy necessary to bring enterprise to initiation and fruition</p> Signup and view all the answers

    What does Intellectual Capital include?

    <p>Talents of organization’s people, efficacy of management systems, customer and supplier relations, technological knowledge</p> Signup and view all the answers

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