BizInnovator Final Exam Prep

Front

Which of the following is not a persistent myth about entrepreneurs? Options: Leaders are born, not made, Entrepreneurs are gamblers, Solo entrepreneurs limit their potential for growth, Entrepreneurs should be young and energetic

Back

Solo entrepreneurs limit their potential for growth

Front

What is at the heart of the entrepreneurial process?

Back

Opportunity recognition

Front

Entrepreneurship is the process of getting into and operating a business of one’s own.

Back

true

Front

Entrepreneurs are the mechanism by which our economy turns supply into demand.

Back

false

Front

Entrepreneurship is the process of starting, opening and growing a business.

Back

true

Front

Most entrepreneurs find themselves working long hours, especially during the start-up period of the business.

Back

true

Front

Does entrepreneurship occur in the public sector?

Back

Yes, it does occur in the public sector.

Front

Failure is part of the dynamics of innovation and economic renewal.

Back

true

Front

Bootstrapping can create significant competitive advantages.

Back

True

Front

Can creative ideas be generated from the world in which a person lives?

Back

true