ENTR 4222 Exam 1 Study Set
The entrepreneurial process involves: - Answer developing opportunities, gathering
resources, and managing and building operations
The goal of the entrepreneurial process is to: - Answer create value
Successful entrepreneurs do not exhibit which of the following traits? - Answer are
pessimistic about the future
The sharing economy involves: - Answer peer-to-peer and hierarchical arrangements
Which of the following are sources of entrepreneurial opportunities? - Answer societal,
demographic, and technological trends; crises and "bubbles"; and emerging
Which of the following is not considered to be a megatrend in this textbook? - Answer
fads
Which stage of a venture's life cycle is best characterized by the period when revenues
start to grow and when cash flows from operations begin covering cash outflows? -
Answer survival stage
The type of financing that occurs during the survival stage of a venture's life cycle is
typically referred to as: - Answer first-round financing
You have the opportunity of making a $5,000 investment. The outcomes one year from
now will be either $4,500 or $6,000, with an equal chance of either outcome occurring.
What is the expected outcome? - Answer $5,250
You have the opportunity of making a $5,000 investment. The outcomes one year from
now will be either $5,000 or $6,000, with an equal chance of either outcome occurring.
What is the expected rate of return? - Answer 10%
Firms that allow owners to pursue specific lifestyles while being paid for doing what they
like to do are referred to as: - Answer lifestyle firms
A well-designed entrepreneurial venture typically includes: - Answer generating ideas,
analyzing the feasibility of ideas, and producing a business plan
A viable venture opportunity is characterized by all of the following except: - Answer
having perceived attraction to prospective investors
A SWOT analysis focuses on which of the following components or areas? - Answer
hreats, opportunities, weaknesses, and strengths
When conducting a SWOT analysis, which of the following areas would not be
considered as a potential opportunity or threat? - Answer reputation value
The return on assets (ROA) model measures: - Answer net profit margin multiplied by
The entrepreneurial process involves: - Answer developing opportunities, gathering
resources, and managing and building operations
The goal of the entrepreneurial process is to: - Answer create value
Successful entrepreneurs do not exhibit which of the following traits? - Answer are
pessimistic about the future
The sharing economy involves: - Answer peer-to-peer and hierarchical arrangements
Which of the following are sources of entrepreneurial opportunities? - Answer societal,
demographic, and technological trends; crises and "bubbles"; and emerging
Which of the following is not considered to be a megatrend in this textbook? - Answer
fads
Which stage of a venture's life cycle is best characterized by the period when revenues
start to grow and when cash flows from operations begin covering cash outflows? -
Answer survival stage
The type of financing that occurs during the survival stage of a venture's life cycle is
typically referred to as: - Answer first-round financing
You have the opportunity of making a $5,000 investment. The outcomes one year from
now will be either $4,500 or $6,000, with an equal chance of either outcome occurring.
What is the expected outcome? - Answer $5,250
You have the opportunity of making a $5,000 investment. The outcomes one year from
now will be either $5,000 or $6,000, with an equal chance of either outcome occurring.
What is the expected rate of return? - Answer 10%
Firms that allow owners to pursue specific lifestyles while being paid for doing what they
like to do are referred to as: - Answer lifestyle firms
A well-designed entrepreneurial venture typically includes: - Answer generating ideas,
analyzing the feasibility of ideas, and producing a business plan
A viable venture opportunity is characterized by all of the following except: - Answer
having perceived attraction to prospective investors
A SWOT analysis focuses on which of the following components or areas? - Answer
hreats, opportunities, weaknesses, and strengths
When conducting a SWOT analysis, which of the following areas would not be
considered as a potential opportunity or threat? - Answer reputation value
The return on assets (ROA) model measures: - Answer net profit margin multiplied by
