ENT101 Study Questions and Answers |Latest
Update
Environmental School of Thought - ANS A school of thought which affect a potential
entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve - ANS These are the
sources of entrepreneurial stress.
Gazelle - ANS These enterprises experience at least 20% annual sales growth each year for the
period of 5 years
Entrepreneurial Trait School of Thought - ANS School of thoughts which focuses on identifying
traits common to successful entrepreneurs like creativity, determination, and technical
knowledge.
Entrepreneurial Persistence - ANS An entrepreneur's choice to continue with an
entrepreneurial opportunity regardless of counterinfluences or other enticing alternative
Entrepreneurial Motivation - ANS The quest for new-venture creation as well as the willingness
to sustain that venture
Ethics - ANS Provides the basic rules or parameters for conducting any activity in an
"acceptable" manner.
Corridor Principle - ANS It is a principle where the pathway or opportunities will arise that lead
entrepreneur in different directions
Entrepreneurship - ANS It is an integrated concept that permeates an individual's business in an
innovative manner.
, to undertake - ANS The word entrepreneur means
False - ANS True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True - ANS True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True - ANS True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True - ANS True or False:
Entrepreneurs make calculated risk decisions.
False - ANS True or False:
85% of all firms fail in the first year of their operation.
False - ANS True or False:
Entrepreneurs Seek Success but Experience High Failure Rates
Entrepreneur - ANS Someone who starts or owns a business
Small Business Owners - ANS Manage their businesses by expecting stable sales, profits, and
growth
Entrepreneur - ANS One who undertakes to organize, manage, and assume the risks of a
business
Update
Environmental School of Thought - ANS A school of thought which affect a potential
entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve - ANS These are the
sources of entrepreneurial stress.
Gazelle - ANS These enterprises experience at least 20% annual sales growth each year for the
period of 5 years
Entrepreneurial Trait School of Thought - ANS School of thoughts which focuses on identifying
traits common to successful entrepreneurs like creativity, determination, and technical
knowledge.
Entrepreneurial Persistence - ANS An entrepreneur's choice to continue with an
entrepreneurial opportunity regardless of counterinfluences or other enticing alternative
Entrepreneurial Motivation - ANS The quest for new-venture creation as well as the willingness
to sustain that venture
Ethics - ANS Provides the basic rules or parameters for conducting any activity in an
"acceptable" manner.
Corridor Principle - ANS It is a principle where the pathway or opportunities will arise that lead
entrepreneur in different directions
Entrepreneurship - ANS It is an integrated concept that permeates an individual's business in an
innovative manner.
, to undertake - ANS The word entrepreneur means
False - ANS True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True - ANS True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True - ANS True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True - ANS True or False:
Entrepreneurs make calculated risk decisions.
False - ANS True or False:
85% of all firms fail in the first year of their operation.
False - ANS True or False:
Entrepreneurs Seek Success but Experience High Failure Rates
Entrepreneur - ANS Someone who starts or owns a business
Small Business Owners - ANS Manage their businesses by expecting stable sales, profits, and
growth
Entrepreneur - ANS One who undertakes to organize, manage, and assume the risks of a
business
