BUSAD 101 - Introduction to Business » Spring 2020 » Chapter 6 Quiz

Need help with your exam preparation?

Question #1
_____ is the process of promoting innovation within their organizational structures.
A.   crowd funding
B.   venture capital
C.   social entrepreneur
D.   information technology
E.   intrapreneurship
Question #2
_____ helps entrepreneurs work quickly and efficiently, provide attentive customer service, increase sales, and project professional images.
A.   intrapreneurship
B.   Information Technology
C.   crowd funding
D.   social entrepreneur
E.   venture capital
Question #3
_____ is a new funding source involving groups and individuals who donate small sums of money through the internet.
A.   venture capital
B.   intrapreneurship
C.   social entrepreneur
D.   Information Technology
E.   crowd funding
Question #4
_____ provide start-up companies with low-cost shared business facilities.
A.   social entrepreneur
B.   Business Innovators
C.   Information Technology
D.   venture capital
E.   intrapreneurship
Question #5
A(n) _____ is an individual who lends money to new ventures in exchange for an equity stake.
A.   venture capital
B.   social entrepreneur
C.   Angel Investor
D.   crowd funding
E.   intrapreneurship
Question #6
Michael is a successful business advisor looking to invest money directly into a new consulting business in return for equity in the company. Michael is an example of a(n) ________.
A.   intrapreneurship
B.   entrepreneur
C.   aerial entrepreneur
D.   Angel Investor
Question #7
Louis works as an artist for a major textile company and created an innovation for producing designs. The company will implement Louis’s idea as part of its ________ strategy.
A.   skunkworks
B.   angel investment
C.   seed capital
D.   entrepreneurship
Question #8
Former CEO George Buckley believes that the key to supporting intrapreneurship is the willingness to allocate________.
A.   space and programs
B.   targeted employment area and investments
C.   time and money
D.   workers and investments
Question #9
Unlike an entrepreneur who starts a business from scratch, a franchisee is not responsible for:
A.   Obtaining financing
B.   Hiring employees
C.   Establishing a brand
D.   Contracting with suppliers
Question #10
All of the following are important characteristics of entrepreneurs EXCEPT:
A.   tolerance for failure
B.   creativity
C.   dependence on others
D.   internal locus of control

Need help with your exam preparation?