1) Kurt is making ends meet after he gave up a well-paying job. He did this to spend more time on starting his business of a desk-to-desk courier service. He spends less time at home and spends most nights at his office working out plans and other details with his partner. Which of the following entrepreneurial traits is Kurt exhibiting?
a. Desire for power
b. Autonomy
c. Desire for appreciation
d. Entrepreneurial sacrifice
3) Which of the following is true of entrepreneurship in the United States?
a. Powerful technology is not readily available to start-ups, and it is very expensive to start a company.
b. Small firms and entrepreneurships in the United States account for less than half of all U.S. sales.
c. Entrepreneurship and small business are a primary source of disruptive innovation.
d. Over the past few decades, most new jobs have come from existing huge organizations.
4) When purchasing a franchise, the franchisee has the responsibility of managing the existing business and developing new products but without investing his or her money.
True
False
5) Leaders who are committed to both good business and changing the world for the better are called _________risk-takerssocial entrepreneursautocratstransactionalists.
6) Carter realized there were many restaurants in his area that did not offer delivery services to their customers. He, along with a friend, soon came up with a business plan to provide delivery services for those restaurants for a fee per order. He started a Web site through which people could place orders from the restaurant of their choice, and the food would be delivered to them. Which of the following types of business has Carter started?
a. Mobile application
b. Online business
c. Sole proprietorship
d. Franchising
7) According to Sarah Thebaud, a professor at the University of California, women have less access to capital to start their own businesses because they have to work harder to convince others about their capabilities.
True
False