Ent 101 final Questions with Correct Answers 100% Verified By
Experts|2025/2026 Latest Update
America is an incubator for entrepreneurship
Farmers came to America for Entrepreneurship and religious freedom
pursuit of happiness meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many times
in BOM? 33
The american dream requires rules and laws to be followed
Joseph is an analogy of? America
Entrepreneurship is the primary driver of innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in changing the world though growth and innovation
productive efficiency use of resources in least costly way
allocative efficiency produce what society wants
creative destruction the essential fact about capitalism
-creating new things to disrupt the old way of doing things
,kickstarter Website created to help fund people
young and new companies are the primary job creator
entrepreneurship eliminates perceived/real biases
entrepreneurship is the primary driver of philathropy
entrepreneurs median charity is 50% higher than non ents
startup a new business that is getting started
side hustle part time business- startups often start off like this
franchise run a business that was already started (ex: chip)
small business business that is not trying to scale
seed funding earliest investment $ into a new startup. used to validate, prototype, informal
investing
venture capital equity investment.
- ownership of a company
- used for early stage and growth companies.
- large amounts of risk
- pension funds invest in venture capital
, Matt alexander - illumibowl founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse lots of prototyping. kept searching for an idea
- used kickstarter
Angel Investors and individual who is rich and has money to invest
- must make 250k a year or have 1million net worth
Series A/b/c - series A is the first round of investing- other rounds occur when the company
is reevaluated
debt financing getting money from the bank
- can't be used for tech because software isn't tangeable
-cheapest form of $
boot strapping when entrepreneurs decide to finance their own ventures
sweat equity ownership earned in lieu of wages
IPO (initial public offering) The first time a company sells shares of its stock to the public.
- company has to provide quarterly reports
- can be oppressive- entrepreneurs must always show what they are doing
mergers and acquisitions -public companies buy private companies with stocks and $
Experts|2025/2026 Latest Update
America is an incubator for entrepreneurship
Farmers came to America for Entrepreneurship and religious freedom
pursuit of happiness meant entrepreneurship
in as much as ye shall keep the commandments of God, ye shall prosper is said how many times
in BOM? 33
The american dream requires rules and laws to be followed
Joseph is an analogy of? America
Entrepreneurship is the primary driver of innovations and quality of life.
-drives economic growth
Entrepreneurs play a huge role in changing the world though growth and innovation
productive efficiency use of resources in least costly way
allocative efficiency produce what society wants
creative destruction the essential fact about capitalism
-creating new things to disrupt the old way of doing things
,kickstarter Website created to help fund people
young and new companies are the primary job creator
entrepreneurship eliminates perceived/real biases
entrepreneurship is the primary driver of philathropy
entrepreneurs median charity is 50% higher than non ents
startup a new business that is getting started
side hustle part time business- startups often start off like this
franchise run a business that was already started (ex: chip)
small business business that is not trying to scale
seed funding earliest investment $ into a new startup. used to validate, prototype, informal
investing
venture capital equity investment.
- ownership of a company
- used for early stage and growth companies.
- large amounts of risk
- pension funds invest in venture capital
, Matt alexander - illumibowl founded illumibowl on kickstarter
- later went on shark tank
- have a 4x markup
- have very clear agreements
Logan bailey - fuse lots of prototyping. kept searching for an idea
- used kickstarter
Angel Investors and individual who is rich and has money to invest
- must make 250k a year or have 1million net worth
Series A/b/c - series A is the first round of investing- other rounds occur when the company
is reevaluated
debt financing getting money from the bank
- can't be used for tech because software isn't tangeable
-cheapest form of $
boot strapping when entrepreneurs decide to finance their own ventures
sweat equity ownership earned in lieu of wages
IPO (initial public offering) The first time a company sells shares of its stock to the public.
- company has to provide quarterly reports
- can be oppressive- entrepreneurs must always show what they are doing
mergers and acquisitions -public companies buy private companies with stocks and $
