BUS 100 Final Exam with Verified
Answers
is one that is independently owned and operated and that is not dominant in its field. -
✔✔small business
Aisha worked for a cable company for years and noticed how horrible the customer service
was. So, one day, Aisha decided she wants to start her own business training small businesses
on how to provide outstanding customer service. Which of the following terms would best
describe Aisha? - ✔✔entrepreneur
Amit just started a new business that teaches other small businesses to provide excellent
customer service. However, Amit has strong customer service skills but lacks knowledge about
teaching. What should Amit do to fix this talent gap without having to hire employees or pay for
expensive consultants?
A.
He should demand more from his advisory board.
B.
He should see if other entrepreneurs are interested in forming an entrepreneurial team.
C.
He should do all the services by himself because that's what all entrepreneurs do.
D.
He should use the services of the Small Business Administration (SBA) to do things he can't or
doesn't want to do for himself.
E.
He should shut down the business because he lacks skills to do all aspects of the business. -
✔✔b
,Henry started a business in a new sector of the economy that is poised to expand rapidly in the
next 10 years. He hopes his business will likewise experience rapid expansion. What type of
entrepreneur is Henry?
A.
A social entrepreneur
B.
A serial entrepreneur
C.
A lifestyle entrepreneur
D.
A business-incubating entrepreneur
E.
A growth entrepreneur - ✔✔E
When her children are at school during the day, Domenica frequents yard sales and then sells
those items on eBay. Domenica would best be described as a(n) _______.
A.
intrapreneur
B.
non-for-profit entrepreneur
C.
home-based entrepreneur
D.
social intrapreneur
E.
growth entrepreneur - ✔✔c
, Jake has a small property management business. Although the business is reasonably profitable
and he could expand it if he wished, he is content to keep it relatively small so that he has time
to be actively involved with his young family. Which of the following terms would best describe
Jake?
A.
Internet entrepreneur
B.
Serial entrepreneur
C.
Micropreneur
D.
Growth entrepreneur
E.
Intrapreneur - ✔✔c
All of the following characteristics would describe entrepreneurs EXCEPT ________.
A.
self-directed
B.
risk-averse
C.
innovative
D.
motivated to succeed
E.
flexible - ✔✔b
Answers
is one that is independently owned and operated and that is not dominant in its field. -
✔✔small business
Aisha worked for a cable company for years and noticed how horrible the customer service
was. So, one day, Aisha decided she wants to start her own business training small businesses
on how to provide outstanding customer service. Which of the following terms would best
describe Aisha? - ✔✔entrepreneur
Amit just started a new business that teaches other small businesses to provide excellent
customer service. However, Amit has strong customer service skills but lacks knowledge about
teaching. What should Amit do to fix this talent gap without having to hire employees or pay for
expensive consultants?
A.
He should demand more from his advisory board.
B.
He should see if other entrepreneurs are interested in forming an entrepreneurial team.
C.
He should do all the services by himself because that's what all entrepreneurs do.
D.
He should use the services of the Small Business Administration (SBA) to do things he can't or
doesn't want to do for himself.
E.
He should shut down the business because he lacks skills to do all aspects of the business. -
✔✔b
,Henry started a business in a new sector of the economy that is poised to expand rapidly in the
next 10 years. He hopes his business will likewise experience rapid expansion. What type of
entrepreneur is Henry?
A.
A social entrepreneur
B.
A serial entrepreneur
C.
A lifestyle entrepreneur
D.
A business-incubating entrepreneur
E.
A growth entrepreneur - ✔✔E
When her children are at school during the day, Domenica frequents yard sales and then sells
those items on eBay. Domenica would best be described as a(n) _______.
A.
intrapreneur
B.
non-for-profit entrepreneur
C.
home-based entrepreneur
D.
social intrapreneur
E.
growth entrepreneur - ✔✔c
, Jake has a small property management business. Although the business is reasonably profitable
and he could expand it if he wished, he is content to keep it relatively small so that he has time
to be actively involved with his young family. Which of the following terms would best describe
Jake?
A.
Internet entrepreneur
B.
Serial entrepreneur
C.
Micropreneur
D.
Growth entrepreneur
E.
Intrapreneur - ✔✔c
All of the following characteristics would describe entrepreneurs EXCEPT ________.
A.
self-directed
B.
risk-averse
C.
innovative
D.
motivated to succeed
E.
flexible - ✔✔b
