c.
emerging economies and global changes
d.
societal, demographic, and technological trends; crises and "bubbles"; and emerging
e.
economies and global changes
ANSWER:
d
68. Which of the following is not a source of entrepreneurial opportunities referred to in this textbook?
a.
societal changes
b.
political changes
c.
demographic changes
d.
technological changes
ANSWER:
b
69. Where individuals accept short-term job assignments instead of having full-time employment is called the:
a.
sharing economy
b.
gig economy
c.
make-work economy
d.
declining economy
ANSWER:
b
70. The sharing economy is a(n):
a.
developing societal megatrend
b.
fad
c.
exchange of food at local restaurants
d.
demographic bubble
ANSWER:
a
71. The sharing economy involves:
a.
the traditional distribution model
b.
peer-to-peer arrangements
c.
hierarchical arrangements involving a third intermediary party
d.
peer-to-peer and hierarchical arrangements
ANSWER:
d
72. Which of the following generation classifications is associated with births in the 1965–1980 time period?
a.
boomers
b.
Generation X
c.
millennials
d.
Generation Z
ANSWER:
b
73. Harry Dent documented major generation waves in the United States during the twentieth century in:
a.
1972
b.
1982
c.
1993
d.
2003
ANSWER:
c
74. E-commerce refers to:
a.
environmental commerce
b.
electronic commerce
c.
economic commerce
d.
exploratory commerce
ANSWER:
b
75. The “dot.com” or Internet bubble burst in:
a.
1990
b.
2000
c.
2006
d.
2008
ANSWER:
b
76. An innovation that creates a new market or network that displaces an existing market or network is called a:
a.
crisis or "bubble"
b.
disruptive innovation
c.
fad
d.
negative innovation
ANSWER:
b
77. What is the number of principles of entrepreneurial finance that are emphasized in this textbook?
a.
three
b.
five
c.
seven
d.
nine
ANSWER:
c
78. The time value of money concept is associated with which of the following principles of entrepreneurial finance?
a.
real, human, and financial capital must be rented from owners
b.
risk and expected reward go hand in hand
c.
while accounting is the language of business, cash is the currency
d.
it is dangerous to assume that people act against their own self-interests
ANSWER:
a
79. Maximizing the value of the venture for its owners is the common financial goal of which of the following?
a.
the entrepreneur
b.
the debtholders
c.
the venture equity investors
d.
the entrepreneur and the venture equity investors