ENTR 301 Fundamentals of
Entrepreneurship Midterm 1 Study Guide |
Practice Questions & Exam Prep
2026/2027
, One reason to become an entrepreneur is to be your own boss
_________ ___________
Entrepreneurs pursue their own ________ and ideas, dreams
__________
People become entrepreneurs to realize ________ financial rewards
_________
Entrepreneurial myth no. 1: entrepreneurs are born, made
__________ not __________
Entrepreneurial myth no. 2: entrepreneurs gamblers
are____________
Entrepreneurial myth no. 3: entrepreneurs are primarily money motivated
____________ __________
Entrepreneurial myth no. 4: entrepreneurs are young
predominantly______________
Entrepreneurial myth no. 5: entrepreneurs love the spotlight
______________
Entrepreneurial characteristics: Entrepreneurs have a their business
passion for ___________
Entrepreneurial characteristics: Entrepreneurs are focused product, consumer
on the__________________ & ________________
Entrepreneurial characteristics: Entrepreneurs maintain tenacity, failure
_____________ despite ______________
Entrepreneurial characteristics: Entrepreneurs possess execution intelligence
___________ ____________
__________________ _______________ is the execution intelligence
ability/motivation to convert an idea into an opportunity;
'make it happen'
TF: business idea = business opportunity F
Business opportunities are business ideas that exhibit attractiveness, durability, timeliness, value creation
______________,_______________, ________________
& _______________
Entrepreneurship Midterm 1 Study Guide |
Practice Questions & Exam Prep
2026/2027
, One reason to become an entrepreneur is to be your own boss
_________ ___________
Entrepreneurs pursue their own ________ and ideas, dreams
__________
People become entrepreneurs to realize ________ financial rewards
_________
Entrepreneurial myth no. 1: entrepreneurs are born, made
__________ not __________
Entrepreneurial myth no. 2: entrepreneurs gamblers
are____________
Entrepreneurial myth no. 3: entrepreneurs are primarily money motivated
____________ __________
Entrepreneurial myth no. 4: entrepreneurs are young
predominantly______________
Entrepreneurial myth no. 5: entrepreneurs love the spotlight
______________
Entrepreneurial characteristics: Entrepreneurs have a their business
passion for ___________
Entrepreneurial characteristics: Entrepreneurs are focused product, consumer
on the__________________ & ________________
Entrepreneurial characteristics: Entrepreneurs maintain tenacity, failure
_____________ despite ______________
Entrepreneurial characteristics: Entrepreneurs possess execution intelligence
___________ ____________
__________________ _______________ is the execution intelligence
ability/motivation to convert an idea into an opportunity;
'make it happen'
TF: business idea = business opportunity F
Business opportunities are business ideas that exhibit attractiveness, durability, timeliness, value creation
______________,_______________, ________________
& _______________
