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What factors contribute to a growing interest in entrepreneurship?
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Unemployment levels
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Low job turnover rates
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Increasing levels of creativity
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Decreasing rates of discrimination
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Angel investors contribute to the entrepreneurial world by ________.
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Outpacing venture capitalists in access to startup funds
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Directly investing in entrepreneurial startups
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Holding seminars to teach people how to become an entrepreneur
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Forming groups of other investors to supply greater quantities of investment funds to entrepreneurs.
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An entrepreneur is someone who ________.
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Creates a small business based on other existing businesses
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Creates a home-based business that sells products available through other retailers
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Creates a business around the idea of solving a problem
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Is highly creative
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Roxanne Quimby of Burt’s Bees is an example of an entrepreneur primarily for which of the following reasons?
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She saw available resources and recognized the resources could be used to create a business.
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She acted on her passions.
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She solved a significant societal problem.
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She had the time and energy to dedicate to starting a business.
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In the early stages of developing an entrepreneurial venture, the entrepreneur might seek funding from which group?
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Venture capitalists
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The local bank
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Friends and family
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Shark tank
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The acronym SMART for goal setting stands for ________.
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Short-term, measurable, accurate, relevant, and timely
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Specific, measurable, accurate, relevant, and timely
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Specific, measurable, achievable, realistic, and time-oriented
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Specific, measurable, achievable, results, and time-oriented
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A vision statement does not include ________.
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A picture of the future described in words
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Concepts and ideas that inspire and focus people’s actions toward a united outcome
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Both creative and exploratory processes in creating the vision
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The scope of the venture
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Which one of the following is not a quantifiable result?
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5 percent annual growth in sales
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Increase market share by 2 percent
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Decrease collection of accounts receivable by $5,000.00
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Increase creativity throughout the venture
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Which of the following is not a creativity building technique or tool?
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Conducting a case study
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Brainstorming activities
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Mind map creation
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Brainwriting
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Disruptive technologies include all but which of the following?
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New methods or approaches that make established methods obsolete
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Self-booking of air travel
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Restaurant food delivery services
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A change from ownership of resources to the ability to have access to resources
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The entrepreneurial mindset includes ________.
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A willingness to develop ideas that are not always initially popular
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A willingness to wait for an idea to become popular before moving forward with that idea
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An ability to focus on past successes
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A belief in following tradition and established patterns