MHR 300 Unit 5 Quiz || 100% SOLVED!!
most small business ventures are in the ________ category of the entrepreneurship strategy
matrix correct answers low innovation/high
a business plan would best be described as the initial rough sketch of an idea for starting a
new venture correct answers false
protected environments are for new, small businesses are known as business incubators
correct answers true
the primary objective of an entrepreneurial venture is to: correct answers acquire growth and
high profitability
____________ are best described as new venture creators working inside big companies
correct answers intrapreneurs
social capital is a competitive advantage in the form of relationships with other people and
the image other people have of you correct answers true
initial public stock offerings provide a way to raise capital through federally registered and
underwritten sales of shares in the company correct answers true
skunkworks are project teams designated to produce new, innovative products correct
answers true
the transaction fee model involves companies charging fee: correct answers for goods and
services
bringing buyers and sellers together and charging a commission for each sale is known as the
__________ model correct answers intermediary
what is a major liability of start-ups? correct answers smallness
organizations that encourage intrapreneurship face the obvious risk that the effort can fail
correct answers true
benefits of business incubators include ____________ correct answers access to shared
services
according to many entrepreneurs and observers, when creating a new business, one should
start with: correct answers great ideas
large corporations are merely passive bystanders in the entrepreneurial explosion correct
answers false
which of the following characteristics increases the likelihood of an entrepreneur's success?
unwillingness to sacrifice
opportunity obsession
intolerance of ambiguity
most small business ventures are in the ________ category of the entrepreneurship strategy
matrix correct answers low innovation/high
a business plan would best be described as the initial rough sketch of an idea for starting a
new venture correct answers false
protected environments are for new, small businesses are known as business incubators
correct answers true
the primary objective of an entrepreneurial venture is to: correct answers acquire growth and
high profitability
____________ are best described as new venture creators working inside big companies
correct answers intrapreneurs
social capital is a competitive advantage in the form of relationships with other people and
the image other people have of you correct answers true
initial public stock offerings provide a way to raise capital through federally registered and
underwritten sales of shares in the company correct answers true
skunkworks are project teams designated to produce new, innovative products correct
answers true
the transaction fee model involves companies charging fee: correct answers for goods and
services
bringing buyers and sellers together and charging a commission for each sale is known as the
__________ model correct answers intermediary
what is a major liability of start-ups? correct answers smallness
organizations that encourage intrapreneurship face the obvious risk that the effort can fail
correct answers true
benefits of business incubators include ____________ correct answers access to shared
services
according to many entrepreneurs and observers, when creating a new business, one should
start with: correct answers great ideas
large corporations are merely passive bystanders in the entrepreneurial explosion correct
answers false
which of the following characteristics increases the likelihood of an entrepreneur's success?
unwillingness to sacrifice
opportunity obsession
intolerance of ambiguity
