Motivations for Entrepreneurship
What is Passion for meaningful work and contributing to others' lives?
What is Personal Fulfillment
Entrepreneurs who start and lead small businesses contribute to the economy in which of the following ways?
What is
A- They make up the overwhelming majority of all businesses
B - They hire nearly half of all high tech employees
C - They are increasingly going global, representing 97 percent of all exporters
Businesses that do not attract investors, but allow their owners to live the wya they want to live are called __________ businesses?
What is lifestyle
Which of the following is a key characteristic of small businesses and entrepreneurs?
What is entrepreneurs are essential in driving innovation and creating jobs.
Integrity is best defined as?
What is a general sense of honesty and reliability that is expressed in a strong commitment to doing the right thing, regardless of the circumstances.
What is The freedom to make decisions and control one’s work-life balance?
What is Independence
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
What is managers want larger budgets; entrepreneurs work to do more with less.
__________________ are entrepreneurs who make contractual arrangements with established business chains rather than doing everything themselves.
What is franchisers
What is Integrity and Trust
What is a reputation for honesty and consistent ethical behavior builds trust with customers, employees, and partners. Trust is the foundation of lasting business relationships.
Which of the following best describes the difference between integrity and ethics?
What is Integrity is based on internal principles that guide behavior' ethics is based on external guides to behavior
What is Joy in creating, leading, and impacting their community?
What is Personal Satisfaction
Which of the following is MOST descriptive of entrepreneurial passion?
What is an entrepreneur must have passion, but unchecked passion can be destructive.
What is the primary risk associated with the "legitimacy lie" in small businesses?
What damage to trust and reputation
What is Customer Focus?
What is Small businesses excel at personalized customer service. They avoid corporate red tape, enabling direct and effective customer interactions.
Which of the following is NOT one of the "Big Three" stakeholders?
Customers
Government Regulators
Owners
Employees
What is Government Regulators
What is Building wealth, though often requiring patience and perseverance?
What is Financial Rewards
Which of the following statements is NOT one of the desirable traits of entrepreneurs listed by Spinelli and Adams?
What is a domineering attitude.
What is one of the key benefits of acting with integrity for small businesses?
What is stronger financial performance and improved brand reputation
What is Quality Performance?
What is small firms can deliver exceptional quality by embedding it into their culture. Owners often oversee operations closely, ensuring high standards.
What of the following is foundational to a company's ability to satisfy its stakeholders?
Philanthropy
Supporting community groups
Conforming to popular notions of propriety
Being profitable
What is being profitable
Which of the following is NOT one of the key areas of advantage for small businesses competing with larger companies?
What is access to vast financial resources
Small companies are particularly adept at competing with larger companies when they focus on?
What is Customer service
What is the role of a code of ethics in building a business with intefrity?
What is it helps define expectations, guides decision-making, and builds trust with employees, customers, and suppliers.
What is Innovation?
What is With access to advanced technology, small businesses can innovate rapidly. They explore creative ideas often overlooked by larger firms focused on existing products.
The most accurate statement concerning socially responsible actions adn firm profitability is?
What is evidence concerning the link between social responsibility and profit is mixed
Which of the following is a primary motivation for entrepreneurship?
What is personal fulfillment through meaningful work
The main difference between lifestyle business owners and entrepreneurs is the way they perceive?
What is Opportunity
Integrity is best defined as?
What is a general sense of honesty and reliability that is expressed in a strong commitment to doing the right thing, regardless of the circumstances
What are Niche Markets?
Targeting specific customer needs or localized markets shields small businesses from direct competition with larger firms.
Social entrepreneurship is best defined as?
What is applying already established principles of good business to social problems
___________ is acting in ways that are congruent with the values you espouse?
What is integrity
_________________ lies are those that are specifically designed to make a new business look bigger and busier than it really is?
What is lefitimacy