Q: Which of the following best describes the academic definition of entrepreneurship according to Stevenson & Jarillo (1990)?

$$\text{Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control.}$$

Q: A Barbadian small business, according to the Small Business Development (Amendment) Act, 2006, must satisfy which of the following criteria?

$$\text{Be incorporated under the Companies Act and satisfy any two of the following: not more than \1$$,000,000 in paid up capital, not more than \$$2,000,000 in annual sales, not more than 25 employees}$$

Q: Which of the following is a common myth about entrepreneurs?

$$\text{Entrepreneurs are motivated primarily by money}$$

Q: Which of the following best describes 'corporate entrepreneurship'?

$$\text{The conceptualization of entrepreneurship at the firm level, where all firms fall along a continuum from highly conservative to highly entrepreneurial}$$

Q: Which of the following is NOT a reason people typically decide to become entrepreneurs?

$$\text{Desire for job security}$$

Q: Which type of start-up firm is most likely to focus on bringing new products and services to market by creating and seizing opportunities?

$$\text{Entrepreneurial firms}$$

Q: Which of the following statements about the economic impact of entrepreneurship is TRUE?

$$\text{Small innovative firms are 16 times more productive than larger firms in terms of patents per employee}$$

Q: Which of the following best describes the four steps of the entrepreneurial process?

$$\text{Deciding to become an entrepreneur, developing successful business ideas, moving from an idea to an entrepreneurial firm, managing and growing the entrepreneurial firm}$$

Q: Which of the following is a characteristic that makes an entrepreneur 'strong' in the eyes of investors?

$$\text{Experience, maturity, a solid reputation, and a track record of success}$$

Q: Which of the following is an example of a lifestyle firm?

$$\text{A ski instructor who starts a business to support a particular lifestyle}$$

Question 1

Which of the following best describes the academic definition of entrepreneurship according to Stevenson & Jarillo (1990)?

Accepted Answer

$$	ext{Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control.}$$

Question 2

Which of the following is NOT one of the four main characteristics of successful entrepreneurs?

Accepted Answer

$$	ext{Aversion to risk}$$

Question 3

A Barbadian small business, according to the Small Business Development (Amendment) Act, 2006, must satisfy which of the following criteria?

Accepted Answer

$$	ext{Be incorporated under the Companies Act and satisfy any two of the following: not more than \1$$,000,000 in paid up capital, not more than \$$2,000,000 in annual sales, not more than 25 employees}$$

Question 4

Which of the following is a common myth about entrepreneurs?

Accepted Answer

$$	ext{Entrepreneurs are motivated primarily by money}$$

Question 5

Which of the following best describes 'corporate entrepreneurship'?

Accepted Answer

$$	ext{The conceptualization of entrepreneurship at the firm level, where all firms fall along a continuum from highly conservative to highly entrepreneurial}$$

Question 6

Which of the following is NOT a reason people typically decide to become entrepreneurs?

Accepted Answer

$$	ext{Desire for job security}$$

Question 7

Which type of start-up firm is most likely to focus on bringing new products and services to market by creating and seizing opportunities?

Accepted Answer

$$	ext{Entrepreneurial firms}$$

Question 8

Which of the following statements about the economic impact of entrepreneurship is TRUE?

Accepted Answer

$$	ext{Small innovative firms are 16 times more productive than larger firms in terms of patents per employee}$$

Question 9

Which of the following best describes the four steps of the entrepreneurial process?

Accepted Answer

$$	ext{Deciding to become an entrepreneur, developing successful business ideas, moving from an idea to an entrepreneurial firm, managing and growing the entrepreneurial firm}$$

Question 10

Which of the following is a characteristic that makes an entrepreneur 'strong' in the eyes of investors?

Accepted Answer

$$	ext{Experience, maturity, a solid reputation, and a track record of success}$$

Question 11

Which of the following is an example of a lifestyle firm?

Accepted Answer

$$	ext{A ski instructor who starts a business to support a particular lifestyle}$$

Question 12

Which of the following is NOT a requirement for a Barbadian small business under the Small Business Development (Amendment) Act, 2006?

Accepted Answer

$$	ext{Must have more than 50 employees}$$

Question 13

Which of the following best explains why the myth 'Entrepreneurs are gamblers' is incorrect?

Accepted Answer

$$	ext{Most entrepreneurs are moderate risk takers, not gamblers}$$

Question 14

Which of the following is a positive effect of entrepreneurship on society?

Accepted Answer

$$	ext{Entrepreneurial innovations improve our lives, enhance productivity, and create new forms of entertainment}$$

Question 15

Which of the following is a common trait of successful entrepreneurs, according to the study materials?

Accepted Answer

$$	ext{Tolerant of ambiguity}$$

Question 16

A firm that is highly proactive, innovative, and risk-taking would be described as having:

Accepted Answer

$$	ext{High entrepreneurial intensity}$$

Question 17

Which of the following statements about the age of entrepreneurs is supported by the study materials?

Accepted Answer

$$	ext{Entrepreneurial activity is spread out over age ranges, and experience is often valued by investors}$$

Question 18

Which of the following is NOT a type of start-up firm described in the materials?

Accepted Answer

$$	ext{Subsidiary firm}$$

Question 19

Which of the following best describes 'execution intelligence' in entrepreneurship?

Accepted Answer

$$	ext{The ability to turn a solid business idea into a viable business}$$

Introduction to Entrepreneurship for Computer Scientists

스터디 가이드 - 연습 문제

학습 가이드 - 플래시카드