Small Business Management: Launching & Growing Entrepreneurial Ventures 19th Edition by Longenecker
ANSWER: c
50. Sabrina has figured out how to recycle clear plastic bottles into woven fabric and has launched a new business. Sabrina is
a. an entrepreneurial team member.
b. a social entrepreneur.
c. risk averse.
d. a franchisee.
ANSWER: b
51. Sally, a single mother, opened a florist shop to support her family after losing her job in a corporate layoff. She is a(n)
a. social entrepreneur.
b. corporate refugee.
c. reluctant entrepreneur.
d. independent refugee.
ANSWER: c
52. When a Fortune 500 business lays off workers, some displaced employees may decide to start their own businesses. They are best described as
a. corporate refugees.
b. welfare profiteers.
c. corporate entrepreneurs.
d. reluctant entrepreneurs.
ANSWER: d
53. Tatiana was laid off from her manufacturing job and, in desperation, launched a business providing transportation services for the nondrivers in her community. We would classify Tatiana as a
a. social entrepreneur.
b. creative entrepreneur.
c. corporate refugee.
d. reluctant entrepreneur.
ANSWER: d
54. The daughter of the owner of a large business disliked her father's criticism and eventually decided to quit the family business and start her own business. The daughter is a
a. corporate opportunist.
b. gazelle.
c. reluctant entrepreneur.
d. corporate refugee.
ANSWER: d
55. Ursula works within a large corporation. Her job is to take ideas and turn them into profitable products for the business. Ursula is a(n)
a. social entrepreneur.
b. reluctant entrepreneur.
c. corporate refugee.
d. intrapreneur.
ANSWER: d
56. Lydia works as a senior network administrator and is dissatisfied with the stifling bureaucratic environment of her job. She is considering venturing out on her own as a consultant. If she carries through with her intentions, she would be considered a(n)
a. corporate pariah.
b. entrepreneurial dilettante.
c. bureaucratic emigrant.
d. corporate refugee.
ANSWER: d
57. Michael owns a dry-cleaning business. He is planning to retire at the end of the year and his son, Bryant, will take over the business. Bryant is a(n)
a. intrapreneur.
b. corporate refugee.
c. franchisee.
d. second-stage entrepreneur.
ANSWER: d
58. Vincent's business has grown; he now employs 14 people. He enjoys teaching new employees the skills they need to make his products. One of Vincent's reasons for being in business for himself is
a. personal satisfaction.
b. independence.
c. financial rewards.
d. being the best he can be.
ANSWER: a
59. A Harris poll inquiring into the reasons that entrepreneurs give for owning a company found that the number-one reason is to
a. fill a niche.
b. improve financial well-being.
c. be the boss.
d. follow a passion.
ANSWER: b
60. Which of the following is NOT a characteristic of the entrepreneur personality?
a. Delegates authority
b. Sees the business as a system
c. Asks how the business must work
d. Visualizes the future
ANSWER: a
61. Valerie has been described as a "free spirit." She has tolerated but seldom appreciated parental, academic, or even job authority. The factor most likely to lure her to entrepreneurship is
a. profit opportunities.
b. freedom to operate independently.
c. enjoyment of doing what she likes to do.
d. satisfaction in serving the community through the business.
ANSWER: b
62. Walter wanted to be able to make decisions about issues that directly affected his department; however, in his corporation, the managers made all the decisions. So Walter left the corporation and started his own firm. Walter was looking for