_ 100. Costs related to the building and equipment of a business are referred to as
a. economies of scale.
b. variable costs.
c. fixed costs.
d. joint costs.
e. scalable costs.
_ 101. An entrepreneur started a management consulting company. The f
Cognitive Foundations of Entrepreneurship: Creativity and Opportunity Recognition
People think that at the top, there isnt much room. They tend to think of it as an Everest.
My message is that there is tons of room at the top.
Entrepreneurial Opportunities: Their Origins, Forms, and Suitability for New Ventures
It still holds true that human beings are most uniquely human when they turn obstacles into
-Eric Hofer (paraphrase)
Chapters 1, 2
1. Discuss Entrepreneurship as a field of business. What does it seek to understand?
2. List and discuss each of the five major phases of the entrepreneurship process.
3. Do entrepreneurs think differently than other people?
A chain of events and activities that take place over a period of time
Bringing something new to the marketplace
Entrepreneurship seeks to understand how opportunities to create something new arise and
Final Practice Questions
Final Study Guide
Indicate whether the statement is true or false.
1. A purpose of co-brandings is to have a greater volume of sales in the same location.
2. Partnerships are a very popular way for people to own the
Final Practice Questions
Identify the choice that best completes the statement or answers the question.
_ 50. The Coca-Cola name, the way it appears and the way it is spelled, legally belongs to the Coca-Cola
Company and is associated with
Homework Chapter 11
1. Explain why established firms are usually more efficient than are new firms.
2. Explain why managerial capacity might limit a companys growth.
3. Define tenacity and explain how it tends to be related to growing a company.
Chapter 8 Notes
Legal Issues Relating to New Ventures: Protecting Your Reputation, Your Assets, and Your Ideas
No civilizationwould have been possible without a framework of stability.Foremost
among the stabilizing factors, more enduring
Homework Chapter 7
1. Discuss the importance of a business plan and what questions it should answer.
2. Describe the major sections of a business plan.
3. Discuss the seven deadly sins, errors all entrepreneurs should avoid, of a business plan.
Chapter 7 Notes
Writing an Effective Business Plan: Building a Roadmap
There is real magic in enthusiasm. It spells the difference between mediocrity and
-Norman Vincent Peale
Financial Resources for New Ventures: How to Get Them, How to Keep Them
We all need money, but there are degrees of desperation.
Basic Financial Statements
Statement of cash flow
Assembling the Team: Acquiring and Utilizing Essential Human Capital
Two are better than one;if they fall, the one will lift up his fellow: but woe to him that is
alone when he falleth, for he hath not another to help him up.
Chapter 4 Notes
What Entrepreneurs Need to Know Before They Start: Acquiring and Interpreting Information
about Markets, Competitors, and Government
Information can tell us everything. It has all the answers. But they are answers to
MGS 4500 T 1-3:30pm
September 5, 2011
Homework 2: Chapters 4&5
1. It is important for entrepreneurs to gather marketing information before starting
on a new venture because this is a crucial step in establishing said venture,
MGS 4500 T 1- 3:30pm
August 27, 2011
Homework for Chapters 1,2 & 3
1. As a field of business, entrepreneurship seeks to understand and recognize how
opportunities to create something new arise. They also come along by discovery
and are creatio