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2.7: Review Questions

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  • Page ID
    51036

    • Michael Laverty and Chris Littel et al.
    • OpenStax
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    1.

    Why is interest in entrepreneurship growing among those entering or re-entering the workforce?

    2.

    What is an entrepreneurial mindset?

    3.

    What does the phrase “entrepreneurial venture” refer to?

    4.

    What does the process of “cash management” entail for a business?

    5.

    Why is the entrepreneurial process considered a fluid process rather than a rigid step-by-step guide?

    6.

    What does the term “creative destruction” mean?

    7.

    What is the difference between a corporate entrepreneur and an intrapreneur?

    8.

    What are situational opportunities?

    9.

    What does an entrepreneurial journey entail?

    10.

    Under which circumstances might a person choose to bootstrap a venture?

    11.

    What is an independent contractor?

    12.

    What does the term “framework” mean in terms entrepreneurship?

    13.

    What is an action plan? How is it different from a framework?

    14.

    Why are action plans useful in the development or improvement of a venture?

    15.

    What are the characteristics associated with traditional entrepreneurship?

    16.

    What are some biases that minorities and women face in acquiring funding?

    This page titled 2.7: Review Questions is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Michael Laverty and Chris Littel et al. (OpenStax) via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.