quiz_one_answers_2008 - Quiz 1 Name_ Circle the letter next...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz 1 Name________________________________________________ Circle the letter next to the best answer. 1. The word entrepreneur is derived from the French entreprendre , which is translated as a. to apprehend. b to enter and dare. c. to undertake . d. to compete. 2. John Stuart Mill said that four factors were needed for business. These factors were: a. Land, labor, capital, and entrepreneurship b. Laws, land, labor, and licenses c. Capital, courts, cash, and creativity d. Men, money, machines, and management 3. Which economist viewed entrepreneurship as a process of “creative destruction,” in which old businesses were replaced by dynamic, new businesses? a. Richard Cantillon b. Jean Baptiste Say c. Joseph Schumpeter d. Adam Smith 4. The term “window of opportunity,” as discussed in Chapter 2, describes the time period in which a firm can: a. obtain funding or financing b. hire new employees c. obtain patent protection for a new product d. realistically enter a new market e. get government approval for a regulated product or service
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5. The aging of the U.S. population has results in several new firms that have been founded to help older American’s stay in their homes longer, as an alternative to
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

quiz_one_answers_2008 - Quiz 1 Name_ Circle the letter next...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online