38. You should start a business doing something you have a passion for because you will spend more time starting and running the business than if you start a business that does not excite you. TRUE An entrepreneur will need to spend considerable time at the business for it to be successful. Therefore, you need to enjoy what you do. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 1 Easy Learning Objective: 02-05 Explain how you can evaluate those things that you enjoy the most and discover how they may lead to business opportunities. Topic: Form a Business Doing What You Like Multiple Choice Questions 39. _________ in large companies that have excess resources such as equipment and employees. Organizational slack is having excess resources in a large organization. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-01 Explain how entrepreneurial founders impact the business world as a whole. Topic: Founders Are the Reason Why Entrepreneurial Businesses Work So Well 40. A small business has _________ formal procedures as compared to a larger firm to operate the company. A new entrepreneurial business has few formal procedures, a concentration of knowledge in those individuals who start the business, and limited slack resources.
38. You should start a business doing something you have a passion for because you will spend more time starting and running the business than if you start a business that does not excite you. TRUE An entrepreneur will need to spend considerable time at the business for it to be successful. Therefore, you need to enjoy what you do. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 1 Easy Learning Objective: 02-05 Explain how you can evaluate those things that you enjoy the most and discover how they may lead to business opportunities. Topic: Form a Business Doing What You Like Multiple Choice Questions 39. _________ in large companies that have excess resources such as equipment and employees. Organizational slack is having excess resources in a large organization. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-01 Explain how entrepreneurial founders impact the business world as a whole. Topic: Founders Are the Reason Why Entrepreneurial Businesses Work So Well 40. A small business has _________ formal procedures as compared to a larger firm to operate the company. A new entrepreneurial business has few formal procedures, a concentration of knowledge in those individuals who start the business, and limited slack resources.
test-bank-entrepreneurship-2nd-edition-bamford.docx