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Exam 2: The Entrepreneurial Process

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Question 21

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Which of the following is not one of the 10 Ds of Successful Entrepreneurs?

A) Driven
B) Details
C) Dedicated
D) Distribute
E) Dream

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Question 22

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Discuss the impact that greater family responsibilities may have on the decision to become and entrepreneurs.

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Clearly the risk is higher in terms of t...

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Question 23

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The best would-be entrepreneur will have a track record of:

Discuss the importance of an entrepreneur calculating the sales revenue needed to ultimately generate an equivalent income level to their current job.

A $150,000 dollar investment in a company that yielded a $30,000 dividend in the first year would have achieved which of the following returns on investment?

Which of the following is not a common stage in the financing of new businesses?

What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?

Whether a company is successful is largely a matter of luck.

If companies A and B are in the same industry, and A has $200,000 in sales per employee while B has $325,000 in sales per employee, then B is the more productive company.

Anyone who wishes to pursue an entrepreneurial venture would be wise to take at least three of the widely distributed entrepreneur-attribute tests beforehand.

To reduce the cost of office space you may be able to convince a landlord to…

Which of the following could be a "trigger" for the entrepreneurial process?

Startups that tend to focus on multiple markets are the most successful.

The majority of entrepreneurs' business ideas come from area outside of their present line of employment or experience.

What are some of the sociological reasons that starting a company becomes more risky or difficult as people grow older?

Investors typically expect an annual rate of return in the range of _______, from a growing startup:

In entrepreneurship, luck is where ______________ and opportunity meet.

Investors in small, growing startups typically expect to earn the same rate of return as they would if they invested in a public company that is listed on the New York Stock Exchange.

Secrecy about one's idea is more likely to hurt the development of the business than help it.

Approximately 50% of Inc.500 companies make a net profit margin of …