Entrepreneurship: Introduction & Characteristics Quiz
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Questions and Answers

What is entrepreneurship according to Stevenson and Jarillo?

  • Assembling all resources needed for a business
  • Turning an idea into a business
  • Pursuing opportunities without regard to currently controlled resources (correct)
  • Transforming an invention into a viable business

    • Which characteristic is shared by successful entrepreneurs according to the text?

  • Innovation and risk-taking
  • Desire for financial rewards
  • Keen focus on products and customers (correct)
  • Tenacity despite failure

    • What is the primary reason that people become entrepreneurs according to the text?

  • Pursuing others' ideas
  • Desire to work fewer hours
  • Financial stability
  • Desire to be their own boss (correct)

    • What is the concept of corporate entrepreneurship at the firm level?

    <p>Proactive and innovative firms</p> Signup and view all the answers

    Which term describes the position of a firm on the conceptual continuum related to entrepreneurial intensity?

    <p>'Proactive' stance</p> Signup and view all the answers

    What is the most prominent characteristic shared by successful entrepreneurs as per the text?

    <p>Passion for the business</p> Signup and view all the answers

    What percentage of Americans are actively engaged in starting a business or are the owner/manager of a business less than three years old?

    <p>17.4%</p> Signup and view all the answers

    Which of the following is NOT one of the learning objectives covered in the text?

    <p>Discuss the importance of entrepreneurship education</p> Signup and view all the answers

    What type of entrepreneurship involves starting a new business within an existing organization?

    <p>Corporate entrepreneurship</p> Signup and view all the answers

    Which of the following is NOT listed as a reason why people decide to become entrepreneurs?

    <p>To follow a family tradition</p> Signup and view all the answers

    How many types of start-up firms are discussed in the text?

    <p>3</p> Signup and view all the answers

    What is the main focus of the text?

    <p>Introduction to entrepreneurship</p> Signup and view all the answers

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