ENT Chapter 1 EXAM VERIFIED
SOLUTIONS, SCORED A+
entrepreneur .- .CORRECT .ANSWER-one .who .creates .a .new .business .in .the .face
.of .risk .and .uncertainty .for .the .purpose .of .achieving .profit .and .growth .by
.identifying .significant .opportunities .and .assembling .the .necessary .resources .to
.capitalize .on .them.
opportunity .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .start
.businesses .because .they .spot .an .opportunity .in .the .marketplace
necessity .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .start
.businesses .because .they .cannot .find .work .any .other .way
serial .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .repeatedly .start
.businesses .and .grow .them .to .a .sustainable .size .before .striking .out .again.
social .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .use .their .skills
.not .only .to .create .profitable .businesses .but .also .to .achieve .economic, .social,
.and .environmental .goals .for .the .common .good.
cloud .computing .- .CORRECT .ANSWER-internet-based .subscription .or .pay-per-
use .software .services .that .allow .business .owners .to .use .a .variety .of .business
.applications, .from .database .management .and .inventory .control .to .customer
.relationship .management .and .accounting
family-owned .business .- .CORRECT .ANSWER-one .that .includes .two .or .more
.members .of .a .family .with .financial .control .of .the .company
copreneurs .- .CORRECT .ANSWER-entrepreneurial .couples .who .work .together .as
.co-owners .of .their .businesses
small .business .- .CORRECT .ANSWER-one .that .employs .fewer .than .100 .people
gazelles .- .CORRECT .ANSWER-small .companies .that .are .growing .at .20 .percent
.or .more .per .year .with .at .least .$100,000 .in .annual .sales; .they .create .70 .percent
.of .net .new .jobs .in .the .economy
entrepreneurial .spirit .- .CORRECT .ANSWER-the .most .significant .economic
.development .in .recent .history
SOLUTIONS, SCORED A+
entrepreneur .- .CORRECT .ANSWER-one .who .creates .a .new .business .in .the .face
.of .risk .and .uncertainty .for .the .purpose .of .achieving .profit .and .growth .by
.identifying .significant .opportunities .and .assembling .the .necessary .resources .to
.capitalize .on .them.
opportunity .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .start
.businesses .because .they .spot .an .opportunity .in .the .marketplace
necessity .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .start
.businesses .because .they .cannot .find .work .any .other .way
serial .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .repeatedly .start
.businesses .and .grow .them .to .a .sustainable .size .before .striking .out .again.
social .entrepreneurs .- .CORRECT .ANSWER-entrepreneurs .who .use .their .skills
.not .only .to .create .profitable .businesses .but .also .to .achieve .economic, .social,
.and .environmental .goals .for .the .common .good.
cloud .computing .- .CORRECT .ANSWER-internet-based .subscription .or .pay-per-
use .software .services .that .allow .business .owners .to .use .a .variety .of .business
.applications, .from .database .management .and .inventory .control .to .customer
.relationship .management .and .accounting
family-owned .business .- .CORRECT .ANSWER-one .that .includes .two .or .more
.members .of .a .family .with .financial .control .of .the .company
copreneurs .- .CORRECT .ANSWER-entrepreneurial .couples .who .work .together .as
.co-owners .of .their .businesses
small .business .- .CORRECT .ANSWER-one .that .employs .fewer .than .100 .people
gazelles .- .CORRECT .ANSWER-small .companies .that .are .growing .at .20 .percent
.or .more .per .year .with .at .least .$100,000 .in .annual .sales; .they .create .70 .percent
.of .net .new .jobs .in .the .economy
entrepreneurial .spirit .- .CORRECT .ANSWER-the .most .significant .economic
.development .in .recent .history
