ADMN 1000H MIDTERM CH5&6 QUESTIONS WITH
VERIFIED ANSWERS
Correct 89
Incorrect 00
1 of 89
Definition
Successful entrepreneurs share several typical traits, including vision,
high energy levels, the need to achieve, self-confidence and optimism,
tolerance for failure, creativity, tolerance for ambiguity, and an internal
locus of control.
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Discuss the environmental factors
Identify the characteristics of
that lead to success for
successful entrepreneurs.
entrepreneurs.
Identify the educational factors that
Summarize the process of starting a
help expand current opportunities for
new venture.
entrepreneurs.
, Don't know?
2 of 89
Definition
an association of two or more people as partners.
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Franchisor vertical merger
equity financing Partnership
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3 of 89
Definition
A corporation is a legal organization that has assets and liabilities
separate from the assets and liabilities of its owners. A corporation can
be a large or small business.
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What is a corporation? Corporation
, What is collective ownership? Where
are co-operatives typically found,
acquisition
and what benefits do they provide
small businesses?
Don't know?
4 of 89
Definition
In public ownership, a government unit or agency owns and operates
an organization. Collective ownership sets up an organization called a
co-operative. The owners join forces to operate all or part of the
activities in their firm or industry.
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Describe public and collective Describe mergers, acquisitions, and
ownership of business. joint ventures.
Determine the contributions of small
Describe a social entrepreneur.
businesses to the economy.
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5 of 89
, Definition
A company that develops a product concept and sells others the rights
to make and sell the products.
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Franchisor vertical merger
venture capital Preferred Shares
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6 of 89
Term
acquisition
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project initiated by an employee who conceives an idea, convinces top
management of its potential, and then recruits human and other resources from
within the company to turn the idea into a commercial project
agreement in which one firm purchases another
a merger of firms in different industries
VERIFIED ANSWERS
Correct 89
Incorrect 00
1 of 89
Definition
Successful entrepreneurs share several typical traits, including vision,
high energy levels, the need to achieve, self-confidence and optimism,
tolerance for failure, creativity, tolerance for ambiguity, and an internal
locus of control.
Give this one a try later!
Discuss the environmental factors
Identify the characteristics of
that lead to success for
successful entrepreneurs.
entrepreneurs.
Identify the educational factors that
Summarize the process of starting a
help expand current opportunities for
new venture.
entrepreneurs.
, Don't know?
2 of 89
Definition
an association of two or more people as partners.
Give this one a try later!
Franchisor vertical merger
equity financing Partnership
Don't know?
3 of 89
Definition
A corporation is a legal organization that has assets and liabilities
separate from the assets and liabilities of its owners. A corporation can
be a large or small business.
Give this one a try later!
What is a corporation? Corporation
, What is collective ownership? Where
are co-operatives typically found,
acquisition
and what benefits do they provide
small businesses?
Don't know?
4 of 89
Definition
In public ownership, a government unit or agency owns and operates
an organization. Collective ownership sets up an organization called a
co-operative. The owners join forces to operate all or part of the
activities in their firm or industry.
Give this one a try later!
Describe public and collective Describe mergers, acquisitions, and
ownership of business. joint ventures.
Determine the contributions of small
Describe a social entrepreneur.
businesses to the economy.
Don't know?
5 of 89
, Definition
A company that develops a product concept and sells others the rights
to make and sell the products.
Give this one a try later!
Franchisor vertical merger
venture capital Preferred Shares
Don't know?
6 of 89
Term
acquisition
Give this one a try later!
project initiated by an employee who conceives an idea, convinces top
management of its potential, and then recruits human and other resources from
within the company to turn the idea into a commercial project
agreement in which one firm purchases another
a merger of firms in different industries
