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

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