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.   crowd funding
B.   social entrepreneur
C.   information technology
D.   venture capital
E.   intrapreneurship
Question #2
_____ helps entrepreneurs work quickly and efficiently, provide attentive customer service, increase sales, and project professional images.
A.   Information Technology
B.   intrapreneurship
C.   venture capital
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.   crowd funding
D.   venture capital
E.   intrapreneurship
Question #4
_____ provide start-up companies with low-cost shared business facilities.
A.   social entrepreneur
B.   Information Technology
C.   venture capital
D.   intrapreneurship
E.   Business Innovators
Question #5
A(n) _____ is an individual who lends money to new ventures in exchange for an equity stake.
A.   Angel Investor
B.   intrapreneurship
C.   social entrepreneur
D.   venture capital
E.   crowd funding
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.   aerial entrepreneur
B.   intrapreneurship
C.   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.   seed capital
B.   angel investment
C.   skunkworks
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.   workers and investments
D.   time and money
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.   tolerance for failure
B.   internal locus of control
C.   dependence on others
D.   creativity

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