A bootstrapping g lifestyle business b entrepreneur h

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Foundations of Business
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Chapter 5 / Exercise 2
Foundations of Business
Hughes/Pride
Expert Verified
Match the term with its definition. a.bootstrappingg.lifestyle businessb.entrepreneurh.mentorc.entrepreneurial legacyi.microloansd.entrepreneiurial teamj.paradigm shift
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Foundations of Business
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Chapter 5 / Exercise 2
Foundations of Business
Hughes/Pride
Expert Verified
e.franchiseek.small businessf.gazellel.technician personality12.Material assets and intangible qualities passed on to both heirs and society13.Very small loans, often provided to entrepreneurs in developing countries14.Two or more people who work together as entrepreneurs on one endeavor15.A change in how we fundamentally see a situation16.A person who relentlessly pursues an opportunity, in either a new or an existing business17.A business with growth potential that is small compared to large companies in an industry, has geographically localized operations, and is financed by only a few individuals18.A knowledgeable person who can offer guidance based on experience in a given field19.An entrepreneur whose power is limited by a contractual relationship with an organization20.A personality that focuses on an already developed technical skill, wants to be left alone to get the job done, and is primarily concerned about the present21.A microbusiness that permits the owner to follow a desired pattern of living22.Doing more with less in terms of resources invested in a business12.ANS:CPTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6NAT:BUSPROG: AnalyticKEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: Knowledge
PTS:1DIF:Difficulty: EasyREF:p. 2-25OBJ:LO: 1-1 to 1-6KEY:Bloom’s: KnowledgeESSAY1.Discuss similarities and differences of entrepreneurs and small business owners.

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