BUS 100 Chapter 6 – Introduction to Business – 2026 – Study and
Practice Guide
Entrepreneur - correct answer ✔✔ Person who seeks a profitable opportunity and takes the
necessary risks to set up and operate a business.
*Willing to take risks
How Entrepreneurs Differ from Small business owners - correct answer ✔✔ They have a strong
desire to make their business grow
How entrepreneurs differ from managers - correct answer ✔✔ Through their overriding
responsibility to use the resources of the organization to accomplish their goals.
Categories of Entrepreneurs - correct answer ✔✔ -Classic Entrepreneur
-Intrapreneur
-Change Agent
-Social Entrepreneur
Classic Entrepreneur - correct answer ✔✔ Person who sees a business opportunity and uses
resources to tap the market
Intrapreneur - correct answer ✔✔ Person who develops innovations within a large organization
Change Agent - correct answer ✔✔ Manager who revitalizes an established firm
Serial Entrepreneur - correct answer ✔✔ Person who starts one business, runs it, and then
starts and runs an additional business.
, Reasons to choose entrepreneurship - correct answer ✔✔ -More that 11 percent of Americans
run their own business.
-In an average month, Americans start approximately 550,000 new businesses
-Motivated by dissatisfaction with organizational work world.
-May believe their ideas are opportunities to meet customer needs.
Why People become entrepreneurs - correct answer ✔✔ -Desire to be one's own boss
-Desire to succeed financially
-Desire for job security
-Desire for an improved quality of life.
Factors supporting and expanding opportunities for entrepreneurs - correct answer ✔✔ -
Globalization
-Information technology
-Education
-Demographic & Economic Trends
Education - correct answer ✔✔ -100 U.S. colleges and universities offer entrep. majors. 73 offer
an emphasis in entrepreneurship, hundreds of other offer courses.
-Universities are helping students launch businesses
-Some programs teach entrepreneurship to young people
-Students who graduate from entrepreneurship programs are three times as likely as others to
be self-employed and help start a new business.
Information Technology - correct answer ✔✔ -Helps entrepreneurs work quickly and efficiently,
provide attentive customer service, increase sales, and project professional images.
-Entrepreneurs also produce and market products that apply new information technology
Practice Guide
Entrepreneur - correct answer ✔✔ Person who seeks a profitable opportunity and takes the
necessary risks to set up and operate a business.
*Willing to take risks
How Entrepreneurs Differ from Small business owners - correct answer ✔✔ They have a strong
desire to make their business grow
How entrepreneurs differ from managers - correct answer ✔✔ Through their overriding
responsibility to use the resources of the organization to accomplish their goals.
Categories of Entrepreneurs - correct answer ✔✔ -Classic Entrepreneur
-Intrapreneur
-Change Agent
-Social Entrepreneur
Classic Entrepreneur - correct answer ✔✔ Person who sees a business opportunity and uses
resources to tap the market
Intrapreneur - correct answer ✔✔ Person who develops innovations within a large organization
Change Agent - correct answer ✔✔ Manager who revitalizes an established firm
Serial Entrepreneur - correct answer ✔✔ Person who starts one business, runs it, and then
starts and runs an additional business.
, Reasons to choose entrepreneurship - correct answer ✔✔ -More that 11 percent of Americans
run their own business.
-In an average month, Americans start approximately 550,000 new businesses
-Motivated by dissatisfaction with organizational work world.
-May believe their ideas are opportunities to meet customer needs.
Why People become entrepreneurs - correct answer ✔✔ -Desire to be one's own boss
-Desire to succeed financially
-Desire for job security
-Desire for an improved quality of life.
Factors supporting and expanding opportunities for entrepreneurs - correct answer ✔✔ -
Globalization
-Information technology
-Education
-Demographic & Economic Trends
Education - correct answer ✔✔ -100 U.S. colleges and universities offer entrep. majors. 73 offer
an emphasis in entrepreneurship, hundreds of other offer courses.
-Universities are helping students launch businesses
-Some programs teach entrepreneurship to young people
-Students who graduate from entrepreneurship programs are three times as likely as others to
be self-employed and help start a new business.
Information Technology - correct answer ✔✔ -Helps entrepreneurs work quickly and efficiently,
provide attentive customer service, increase sales, and project professional images.
-Entrepreneurs also produce and market products that apply new information technology
