ENT 2113 Set Exam Tested
Questions & Reviewed Correct
Detailed Answers
New Update Study Material!!
1. When starting a business, one must understand the relationship between
blank and the expected return - ANSWER Time commitment
2. Identify the typical triggers for starting a business - ANSWER
Experiencing the inability to climb the corporate ladder due to
circumstances, receiving evidence that an idea is not only doable, but there
is a concrete way to improve on a given problem, being spread into action
by attending a seminar, reading a book, or talking with successful
entrepreneurs
3. Which of the following is not one of the three types of specific risks -
ANSWER Network
4. Women of color account for blank of business headed by women -
ANSWER 1/3
5. Entrepreneurs prior experience plays a role in new business creation
through - ANSWER Their view of the world
,6. Enneagram's nine personality types include - ANSWER reformer,
helper, achiever, individualist, investigator, loyalist, enthusiast, challenger,
peacemaker
7. The big five test compromises which of the following factors - ANSWER
Open mindedness, extroversion, emotional stability (This test involves
these categories: openness, Consciousness, extroversion, agreeableness,
neuroticism
8. Students need to consider that on resources and abilities early when they
think about starting an entrepreneurial business because of the - ANSWER
Importance of a owner to a new business
9. Which of the following statements about women entrepreneurs are true -
ANSWER They often run into a glass ceiling. They are one of the fastest
growing segment of entrepreneurs. They start up businesses at a rate of
50% more than men
10. Support from companies in the network help a new firm - ANSWER It
helps the new firm in obtaining credit. It helps to indicate to others the
staying power of the new farm
11. A personality test can help one - ANSWER Select the type of business
to start
12. Identify the true statements about new business is triggered by
circumstance - ANSWER The staying power of these businesses is
determined by other competing opportunities. They are opportunistic start
ups
,13. A blank that uses your education is a potential source of a business -
ANSWER Opportunity
14. Along with the business idea, what else should be included in the first
column of the gap analysis chart? - ANSWER A brief explanation of the
business idea
15. Which of the following are required in the initial analysis of a business
opportunity - ANSWER Time financial investments and focus
16. List the steps that are important to the development of a quality business
idea - ANSWER List and evaluate one's personal skill sets. Analyze the
market and look for a gap or need that is not being met affectively.
Compare one's ability to fill the identified gaps with an opportunity
available.
17. Once a list of skills and abilities has been developed the next step is to
perform a blank to examine the marketplace for an opportunity that exists
between the demand for a product and the supply provided by firms in the
market - ANSWER gap analysis
18. Entrepreneurs can examine business respect considering three threats to
business success those three threats are: - ANSWER Threats to the
profit margin, threats to sales generation schemes, threats to operational
financing
, 19. Individual's work experience builds blank sites that can have direct
applicability to the pursuit of a new business. - ANSWER skill
20. What is included in the second column of the chart used in gap analysis -
ANSWER Categories of analysis
21. Which of the following supports the rationale for starting a business idea
generation process by analyzing the skill sets of the potential founders -
ANSWER There are literally millions of opportunities, pursuing
opportunities without the requisite skill set waste time, pursuing
opportunities without the requisite skill set wastes money
22. What is the connection between the entrepreneurial skills, understanding
of an industry, and the ability to create competitive advantage such that
the sum of the parts of the new business is greater than the individual parts
alone - ANSWER Synergy
23. Which of the following are true regarding the process of generating ideas -
ANSWER Time, interaction, consideration, evaluation, and iteration
24. Once a list of skills, abilities, and interest has been developed the next step
is to: - ANSWER Perform a gap analysis
25. The business owner whose business is both a vocation and an application is
difficult to be - ANSWER vocation:avocation
26. Which of the following contribute to personal skill sets - ANSWER
Hobbies, family history, current work experience, past work experience
Questions & Reviewed Correct
Detailed Answers
New Update Study Material!!
1. When starting a business, one must understand the relationship between
blank and the expected return - ANSWER Time commitment
2. Identify the typical triggers for starting a business - ANSWER
Experiencing the inability to climb the corporate ladder due to
circumstances, receiving evidence that an idea is not only doable, but there
is a concrete way to improve on a given problem, being spread into action
by attending a seminar, reading a book, or talking with successful
entrepreneurs
3. Which of the following is not one of the three types of specific risks -
ANSWER Network
4. Women of color account for blank of business headed by women -
ANSWER 1/3
5. Entrepreneurs prior experience plays a role in new business creation
through - ANSWER Their view of the world
,6. Enneagram's nine personality types include - ANSWER reformer,
helper, achiever, individualist, investigator, loyalist, enthusiast, challenger,
peacemaker
7. The big five test compromises which of the following factors - ANSWER
Open mindedness, extroversion, emotional stability (This test involves
these categories: openness, Consciousness, extroversion, agreeableness,
neuroticism
8. Students need to consider that on resources and abilities early when they
think about starting an entrepreneurial business because of the - ANSWER
Importance of a owner to a new business
9. Which of the following statements about women entrepreneurs are true -
ANSWER They often run into a glass ceiling. They are one of the fastest
growing segment of entrepreneurs. They start up businesses at a rate of
50% more than men
10. Support from companies in the network help a new firm - ANSWER It
helps the new firm in obtaining credit. It helps to indicate to others the
staying power of the new farm
11. A personality test can help one - ANSWER Select the type of business
to start
12. Identify the true statements about new business is triggered by
circumstance - ANSWER The staying power of these businesses is
determined by other competing opportunities. They are opportunistic start
ups
,13. A blank that uses your education is a potential source of a business -
ANSWER Opportunity
14. Along with the business idea, what else should be included in the first
column of the gap analysis chart? - ANSWER A brief explanation of the
business idea
15. Which of the following are required in the initial analysis of a business
opportunity - ANSWER Time financial investments and focus
16. List the steps that are important to the development of a quality business
idea - ANSWER List and evaluate one's personal skill sets. Analyze the
market and look for a gap or need that is not being met affectively.
Compare one's ability to fill the identified gaps with an opportunity
available.
17. Once a list of skills and abilities has been developed the next step is to
perform a blank to examine the marketplace for an opportunity that exists
between the demand for a product and the supply provided by firms in the
market - ANSWER gap analysis
18. Entrepreneurs can examine business respect considering three threats to
business success those three threats are: - ANSWER Threats to the
profit margin, threats to sales generation schemes, threats to operational
financing
, 19. Individual's work experience builds blank sites that can have direct
applicability to the pursuit of a new business. - ANSWER skill
20. What is included in the second column of the chart used in gap analysis -
ANSWER Categories of analysis
21. Which of the following supports the rationale for starting a business idea
generation process by analyzing the skill sets of the potential founders -
ANSWER There are literally millions of opportunities, pursuing
opportunities without the requisite skill set waste time, pursuing
opportunities without the requisite skill set wastes money
22. What is the connection between the entrepreneurial skills, understanding
of an industry, and the ability to create competitive advantage such that
the sum of the parts of the new business is greater than the individual parts
alone - ANSWER Synergy
23. Which of the following are true regarding the process of generating ideas -
ANSWER Time, interaction, consideration, evaluation, and iteration
24. Once a list of skills, abilities, and interest has been developed the next step
is to: - ANSWER Perform a gap analysis
25. The business owner whose business is both a vocation and an application is
difficult to be - ANSWER vocation:avocation
26. Which of the following contribute to personal skill sets - ANSWER
Hobbies, family history, current work experience, past work experience
