ENTR 3310 Exam 1 CH 1-4 Questions And Correct

ENTR 3310 Exam 1 CH 1-4 Questions And Co




Entrepreneurs cInside c- cCORRECT cANS✔✔The ctypes cof centrepreneurs cwho cthink cand cact cent
corganizations


Entrepreneurship c- cCORRECT cANS✔✔A cdiscipline cthat cseeks cto cunderstand chow copportunitie
cand cexploited, cby cwhom, cand cwith cwhat cconsequences


Established cBusiness cOwners c- cCORRECT cANS✔✔The cpeople cwho care cstill cactive cin cbusine
cyears


Family cEnterprise c- cCORRECT cANS✔✔A cbusiness cthat cis cowned cand cmanaged cby cmultiple cf
cmore cthan cone cgeneration


Franchise c- cCORRECT cANS✔✔A ctype cof clicense cpurchased cby ca cfranchisee cfrom can cexisting
ctrade cunder cthe cname cof cthat cbusiness


Microloan c- cCORRECT cANS✔✔A cvery csmall, cshort-term cloan coften cassociated cwith centrepren

Nascent cEntrepreneurs c- cCORRECT cANS✔✔Individuals cwho chave cset cup ca cbusiness cthey cwi
cthan cthree cmonths cold cand chas cnot cyet cgenerated cwages cor csalaries cfor cthe cowners


Necessity-Based cEntrepreneurs c- cCORRECT cANS✔✔Individuals cwho care cpushed cinto cstarting
ccircumstance csuch cas credundancy, cthreat cof cjob closs, cand cunemployment


New cBusiness cOwners c- cCORRECT cANS✔✔Individuals cwho care cformer cnascent centrepreneur
cinvolved cin ca cbusiness cfor cover cthree cmonths cbut cless cthan cthree cand ca chalf cyears


Opportunity-Based cEntrepreneurs c- cCORRECT cANS✔✔Individuals cwho cmake ca cdecision cto cst
cbased con ctheir cability cto ccreate cor cexploit can copportunity, cand cwhose cmain cdriver cfor cgetting
cbeing cindependent cor cincreasing ctheir cincome, crather cthan cmerely cmaintaining ctheir cincome