New Venture Creation: Entrepreneurship for the 21st Century 9th Edition by Stephen Spinelli test ban
A.
B.
Jiffy Lube
C.
Federal Express
D.
Skype
17.
What do the authors refer to as the 'rocket fuel' of America's entrepreneurial engine?
A.
Government entrepreneurship programs
B.
Risk capital
C.
Entrepreneurship education
D.
Innovation
18.
Innovation + Entrepreneurship = Prosperity and ________.
________________________________________
19.
Entrepreneurship is a proven force of economic and social ________.
________________________________________
20.
When successful entrepreneurs get involved with non-profits directly by offering strategic assistance (like long-term planning, board and executive recruitment, coaching, and leveraging relationships to identify additional resources and facilitate partnerships), this is referred to as ________ philanthropy.
________________________________________
21.
While the U.S. investment and capital markets have been an integral part of the entrepreneurial revolution in the U.S., it is more important to recognize the long-term ________ of the system.
________________________________________
22.
Name three places outside the U.S. where entrepreneurship is emerging as an academic field and as a highly admired life option.
23.
In America, what type of individual is most common source of funding for new buildings, classrooms, athletic facilities, and endowed professorships at universities and colleges?
24.
What should always be done following an interview with an entrepreneur?
25.
Explain why venture capital is a particularly appropriate funding source for industries with long gestation periods.
26.
Describe the typical American entrepreneur.
Chapter 1 Key
1.
(p. 4)
While leading U.S. venture capital firms are interested in establishing relationships and operations in China, the Chinese government continues to resist such overtures.
FALSE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #1
2.
(p. 5)
A Flatter World refers to the convergence of technology and world events that are playing a role in bringing about significant changes in traditional value chains.
TRUE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #2
3.
(p. 6)
Entrepreneurship training works well in schools of business and engineering, but has not proven to be useful in fields such as architecture, medicine, and life sciences.
FALSE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #3
4.
(p. 7)
The best entrepreneurship professors are able to determine in advance which of their incoming students will be the most effective entrepreneurs.
FALSE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #4
5.
(p. 10)
MIT researcher David Birch found that while new and growing smaller firms could be regionally important, they had little effect on the economy as a whole.
FALSE
Blooms: Remember
Difficulty: 2 Medium
Spinelli - Chapter 01 #5
6.
(p. 10)
According to the U.S. Small Business Administration's Office of Advocacy, small businesses (those with fewer than 500 employees) represent more than 99 percent of all employers and provide about 75 percent of all new net jobs.
TRUE
Blooms: Remember
Difficulty: 1 Easy
Spinelli - Chapter 01 #6
7.
(p. 11)
A 2010 report by The Guardian Life Small Business Research Institute indicated that women-owned businesses are limited mainly to small service enterprises with few employees.