2.7: Review Questions
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?