Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Test bank

 
 
67. Marlon wants to start a tree service business but needs help with understanding how to run a business. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.
a. financial resources
b. support from government
c. entrepreneurship education
d. research and development transfer
Ans: C
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
68. Maria wants to start a landscaping business and needs tax incentives, lower interest rates on her business lines, and education. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, she needs ______.
a. financial resources
b. support from government
c. entrepreneurship education
d. research and development transfer
Ans: B
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
69. Anthony wants to start a restaurant but needs help with learning about being an entrepreneur. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.
a. financial resources
b. support from government
c. entrepreneurship education
d. research and development transfer
Ans: C
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
70. Angela wants to start a company developing apps. She needs access to R&D to be able to use the newest technologies. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, she needs ______.
a. financial resources
b. support from government
c. entrepreneurship education
d. research and development transfer
Ans: D
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
71. Rahul, an immigrant from the Middle East, wants to start a spice business in the United States but wants a secure framework with experts in property rights, accounting, law, investment banking, and technology. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.
a. cultural and social norms
b. physical infrastructure
c. entry regulation
d. commercial and legal infrastructure
Ans: D
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
72. Aaron has a new technology that he wants to launch into a business and needs the market to be open to his new technology. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.
a. cultural and social norms
b. physical infrastructure
c. entry regulation
d. commercial and legal infrastructure
Ans: C
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
 
73. Sarah is an accountant with desires to open her own business. She is looking for office space at a reasonable rate along with Internet service. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, she needs ______.
a. cultural and social norms
b. physical infrastructure
c. entry regulation
d. commercial and legal infrastructure
Ans: B
Learning Objective: 1.5. Illustrate the global diversity of entrepreneurship and its impact.
Cognitive Domain: Comprehension
Answer Location: What Makes a Country Entrepreneurial?
Difficulty Level: Medium
AACSB Standard: Contexts of organizations in a global society
 
74. Pierre, a farmer using vermiculture techniques, is very thankful that he has the freedom to have developed the confidence to choose to be an entrepreneurial farmer. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.