ANSWER:
True
18. Three of the major megatrends discussed in Chapter 1 include: societal trends or changes, demographic trends or changes, and technological trends or changes.
a.
True
b.
False
ANSWER:
True
19. In Chapter 1, five megatrend categories are identified as sources of entrepreneurial opportunities.
a.
True
b.
False
ANSWER:
True
20. Entrepreneurial opportunities can occur only when there are societal changes in the world.
a.
True
b.
False
ANSWER:
False
21. In the broadest context, societal change reflects the evolution of humanity over time.
a.
True
b.
False
ANSWER:
True
22. In the early 1970s, Harry Dent recognized that the U.S. economy centered on the creation and distribution of information.
a.
True
b.
False
ANSWER:
False
23. The gig economy involves individuals working as independent contractors and accepting short-term jobs or assignments, rather than being full-time employees.
a.
True
b.
False
ANSWER:
True
24. The sharing economy refers to the cross-referencing of innovations for record-keeping purposes.
a.
True
b.
False
ANSWER:
False
25. The me-first economy reflects the willingness of individuals to share their assets with others to provide a new way of distributing goods and services.
a.
True
b.
False
ANSWER:
False
26. The boomers generation applies to people born in the United States during the 1946–1964 time period.
a.
True
b.
False
ANSWER:
True
27. The millennials generation consists of people born in the United States after 1996.
a.
True
b.
False
ANSWER:
False
28. Technological change may be the most important source of entrepreneurial opportunities.
a.
True
b.
False
ANSWER:
True
29. Perhaps the most important invention in shuttling us from an industrial society to an information society was the computer chip.
a.
True
b.
False
ANSWER:
True
30. Environmental commerce, or e-commerce, involves the use of electronic means to conduct business online.
a.
True
b.
False
ANSWER:
False
31. “Crises and "'bubbles'” and “emerging economies and global change” are considered to be sources of entrepreneurial opportunities.
a.
True
b.
False
ANSWER:
True
32. The “dot.com” or Internet bubble burst in 2008.
a.
True
b.
False
ANSWER:
False
33. The housing asset bubble burst in 2006.
a.
True
b.
False
ANSWER:
True
34. Disruptive innovation is an innovation that creates a new market or network that disrupts and displaces an existing market or network.
a.
True
b.
False
ANSWER:
True
35. Nine principles of entrepreneurial finance are identified and explored in this textbook.
a.
True
b.