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

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

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