12 Questions
What percentage of Americans were actively engaged in starting a business or managing a business less than three years old according to the 2019/2020 GEM study?
17.4%
Which chapter of the book covers the introduction to entrepreneurship?
Chapter 1
What is one of the reasons discussed for why people decide to become entrepreneurs?
Desire for independence
How many main characteristics of successful entrepreneurs are identified in the text?
Four
Which type of firms are discussed in Chapter 1 of the book?
Start-up firms
What does GEM stand for in the context of the 2019/2020 study mentioned?
Global Entrepreneurship Monitor
According to the academic definition, what is entrepreneurship?
The process by which individuals pursue opportunities without regard to resources they currently control
What is corporate entrepreneurship?
The conceptualization of entrepreneurship at the firm level
Which of the following is NOT one of the primary reasons for becoming an entrepreneur?
Desire for job security
What is the number one characteristic shared by successful entrepreneurs?
Passion for the business
Which of the following statements about entrepreneurial firms is true?
They are proactive and innovative
What does the text suggest is the primary source of an entrepreneur's passion for the business?
The belief that the business will positively influence people's lives
Test your knowledge on Chapter 1 of 'Entrepreneurship: Successfully Launching New Ventures' focusing on the introduction to entrepreneurship, characteristics of entrepreneurial firms, reasons for becoming entrepreneurs, and characteristics of successful entrepreneurs.
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