History, Development, Current Trends and Evolution Flashcards
(132 cards)
1
Q
The so-called period of massive growth in the use and adaptation of the internet
A
Dot Frenzy
2
Q
Individuals who recognize opportunities where others see chaos, contradiction and confusion
A
entrepreneurs
3
Q
They are catalysts of change within the market place
A
Entrepreneurs
4
Q
Are the “heroes” of today’s marketplace
A
Entrepreneurs
5
Q
Has been revitalized because of the efforts of the entrepreneurs
A
Global Market
6
Q
Words associated with “entrepreneur” are the following except
a. Capitalists
b. Businessmen
b. Start-ups
d. none of the following
A
d. none of the following
7
Q
The French word of Entrepreneur
A
Entreprendre
8
Q
Meaning “to undertake”
A
Entreprendre
9
Q
Business of Henry Ford
A
Automobile (Ford)
10
Q
This Entrepreneur was stationed to manufacture ammunition for World war 2
A
Henry Ford
11
Q
Owner of Cartier (jewelry business)
A
Louis Francois Cartier
12
Q
What is the business of Coco Chanel
A
Perfumerie
13
Q
Owner of Versace
A
Gianni and Donatella Versace
14
Q
Owner of FedEx
A
Fred Smith
15
Q
He founded Microsoft
A
Bill Gates
16
Q
He acquired Starbucks and made Starbucks a global brand
A
Howard Schultz
17
Q
Founder of Zara
A
Amancio Ortega
18
Q
Founder of Apple
A
Steve Jobs
19
Q
Founder of Intel
A
Andy Grove and Gordon Moore
20
Q
Founder of google
A
Larry Page and Sergey Brin
21
Q
Founder of Facebook
A
Mark Zuckerberg
22
Q
Founder of Amazon
A
Jeff Bezos
23
Q
The most powerful e-commerce platform
A
24
Q
Founder of SM malls & properties, BDO
A
Henry Sy
25
The stages and process on how the products were created
Assembly Line
26
Founder of Ayala Conglomerate and BPI
Zobel de Ayalas
27
founder of PAL and Fortune Tobacco
Lucio Tan
28
Founder of Robinsons and URC
John Gokongwei
29
Founder of Federal Land and Metrobank
George Ty
30
One who undertakes to organize, manage and assume the risks of a business
Entrepreneur
31
Known as the most expensive brand of jewelry in the world
Cartier
32
True or False
Entrepreneur recognizes and seizes opportunities
True
33
True or False
Entrepreneurs converts opportunities into workable and marketable ideas
True
34
True or False
Entrepreneurs adds value through time, effort, money or skills
True
35
True or False
Entrepreneurs Assume the risk of the competitive marketplace to implement ideas
True
36
True or False
Entrepreneur Realizes the awards from their efforts
True
37
introduced card banking
BPI
38
Founder of all day supermarket/malls
Manny Villar
39
Below are the chief characteristics of an Entrepreneur except one
a. personal initiative
b. ability to consolidate products
c. Goal Oriented behavior
d. Management Skills
e. Desire for autonomy
f. risk taking
c. Goal oriented behavior
40
The most innovative search engine
Google
41
Below are the OTHER CHARACTERISTICS of an entrepreneur except one
a. aggressiveness
b. competitiveness
c. goal oriented behavior
d. confidence
e. opportunistic behavior
f. intuitiveness
g. reality based actions
h. ability to learn from mistakes
i. risk takers
j. ability to employ human relation skills
k. none of the above
i. risk takers
42
Force that initiates and implements material progress
Agent of change
43
The recognition of entrepreneurs date back to this century in France
18th century
44
He said that "entrepreneurs assume and organize the risk of a business in return for profits"
Richard Cantillon (1725)
45
He said that entrepreneurs assume/identify risk to manage and organize those, and to translate it to profit for success
Richard Cantillon (1725)
46
He said that "Supply creates its own demand" (the law of Markets)
Jean Baptiste Say (1803)
47
His law of the markets theory is an unconventional theory
Jean Baptiste Say (1803)
48
He said that "dynamic economic growth is known as a creative destruction"
Joseph Schumpeter (1932)
49
He said that continuous innovation can make older inventions obsolete
Joseph Schumpeter (1932)
50
Consist in doing things that are not generally done in the ordinary course of business routine
Entrepreneurship
51
the discussion and analysis for entrepreneurship was introduced by _____ century economist
18th
52
When did the word entrepreneurship became synonymous or closely linked to free enterprise and capitalism
20th century
53
In the 21st century entrepreneurs are considered as heroes of ___________
Free enterprise
54
True or False
In the 20th century many entrepreneurs used innovation and creativity to build multi-million dollar enterprises from fledging businesses in less than a decade
False (21st century)
55
He said that entrepreneurship is a dynamic process of creating incremental wealth
Robert C. Ronstadt
56
According to Robert C. Ronstadt this is created by individuals who assume the major risks in terms of equity, time, and/or career commitment providing value for some product or service
wealth
57
A dynamic process of vision, change and creation
entrepreneurship
58
entrepreneurship requires an application of ________ and _______ toward the creation
energy and passion
59
Entrepreneurship requires implementation of _______ ideas and _______ solution
innovative; creative
60
True or False
Entrepreneur must have the willingness to take calculated risks in terms of time, equity or career
True
61
True or False
Entrepreneur must have the ability to formulate an effective venture team
True
62
True or False
Entrepreneur must have creative skill to marshal resources
True
63
True or False
Entrepreneur must have a fundamental skill of building a solid business plan
True
64
True or False
Entrepreneur must have a vision to recognize opportunity where others see chaos, contradiction, and confusion
True
65
Small Business owners or Entrepreneurs
Independently owned and operate a small business
Small Business Owners
66
Small Business owners or Entrepreneurs
Not dominant in their fields
Small Business Owner
67
Small Business owners or Entrepreneurs
Do not engage in many new or innovative practices
Small Business Owners
68
Small Business owners or Entrepreneurs
Expects stable sales and profits
Small Business owners
69
Small Business owners or Entrepreneurs
Those who purchase already established businesses as well as franchises
Small Business Owners
70
Can be viewed as managers of small businesses
Small Business owners
71
Small Business owners or Entrepreneurs
They may never grow Large
Small Business Owners
72
Prefers more stable and less aggressive approach to running these businesses
Small Business Owners
73
Small Business owners or Entrepreneurs
recognize opportunities where others see chaos, contradiction, and confusion
Entrepreneurs
74
Small Business owners or Entrepreneurs
Aggressive catalysts for change within a market place
Entrepreneurs
75
Small Business owners or Entrepreneurs
Break new barriers, challenge the unknown, and create breakthrough
Entrepreneurs
76
Small Business owners or Entrepreneurs
Create jobs in a breathtaking pace
Entrepreneurs
77
Small Business owners or Entrepreneurs
all about innovation, profitability, and growth
Entrepreneurs
78
Small Business owners or Entrepreneurs
their businesses are characterized by innovative practices and sustainable growth
entrepreneurs
79
Small Business owners or Entrepreneurs
always introduces something new
Entrepreneurs
80
Small Business owners or Entrepreneurs
Their mindset revolutionizes the way businesses is conducted at every level in every country
Entrepreneurs
81
Small Business owners or Entrepreneurs
usually seeks rapid growth and immediate profits
entrepreneurs
82
Represents the cognition and commitment to view the world with an innovative perspective
Entrepreneurial mindset
83
Myth or Facts
Entrepreneurs are doers, not thinkers
myth
84
Myth or Facts
entrepreneur are often very methodical people who plan their moves carefully
Facts
85
Myth or Facts
Entrepreneurs are born, not made
Myth
86
True or False
Entrepreneurship is a discipline
True
87
Myth or Facts
Entrepreneurs are always inventors
Myth
88
He did not make the fast-food franchise but he made mcdonald's the largest fast-food enterprise
Ray Kroc
89
Myth or Facts
Entrepreneurs are academic and social misfits
Myth
90
Myth or Facts
Entrepreneur must fit the profile
Myth
91
Myth or Facts
All entrepreneur need is money
Myth
92
This needs capital to survive
Venture
93
Occur due to lack of financing
Business Failure
94
True or False
To be successful money is not important, but more so is managerial competence , adequate financial understanding, and careful planning
False (money is important)
94
It is a resource in Entrepreneurship but never the end itself
Money
95
Myth or Facts
Entrepreneurs need is luck
Myth
96
Myth or Facts
Entrepreneurship is unstructured and chaotic
Myth
97
True or False
Entrepreneurs are not heavily involved in all facets of their venture
False (Heavily involved)
98
True or False
Entrepreneurs tend to have a system
True
99
Myth or Facts
Most entrepreneurial initiative fail
myth
100
the researcher who traced 814,000 businesses in the US started in 1977
Bruce A. Kirchhoff
101
Myth or Facts
Entrepreneurs are extreme risk takers
Myth
102
the major element in the entrepreneurial process
concept of risk
103
Myth or Facts
Entrepreneurs are usually working on a moderate or calculated risk
Facts
104
Myth or Facts
Successful entrepreneurs work hard through planning and preparation
Facts
105
Critical contributors to economic growth
Entrepreneurs
106
True or False
Entrepreneurship provides job options for those who see opportunities and those who need a source of income
True
107
True or False
Minority groups are provided an avenue to contribute to the mainstream market
True
108
True or False
In the US many baby boomers use entrepreneurship as their first career
False (second career)
109
True or False
Entrepreneurs continue to be the answer to any economic downturn
True
110
True or False
Entrepreneur enter and expand existing markets
True
111
True or False
Entrepreneurs create entirely new markets by offering innovative products
True
112
True or False
Japan is the leader in entrepreneurship education at both the undergraduate and graduate levels
False (US)
113
True or False
Individuals with professional, technological, or business degrees exhibit the highest entrepreneurial activity rate
True
114
True or False
Venture financing and other innovative financing technique are a major theme that characterize recent research on entrepreneurship
True
115
Entrepreneurial action within large organization
Corporate entrepreneurship
116
seeking innovative solutions to world problems
social entrepreneurship
117
examining the ways that entrepreneurs think or act
Entrepreneurial cognition
118
It is the discipline that can be learned, redeemed, and acquired
Entrepreneurial cognition
119
learning from the unique obstacles they face and have to overcome
Women and minority entrepreneurs
120
Entrepreneurial success in 2000-2009 is seen in the following countries except;
a. US
b. Canada
c. UK
d. Germany
e. France
f. Russia
g. Sweden
h. Norway
i. Israel
j. China
k. India
l. Japan
m. Australia and New Zealand
f. Russia
121
shown significant impact on job creation, innovation and economic renewal
Family Businesses
122
Hottest topics in business and engineering schools throughout the world
Entrepreneurial Education
123
Expanded to include almost every major discipline
Entrepreneurial Education
124
The dynamic process of vision, change, and innovation
Entrepreneurship
125
Same techniques & Principles whether in a large organization or a new venture, business or non-business government or NGO
Entrepreneurial Discipline
126
Individuals who possess the passion, energy and skill to innovate and sustain
Entrepreneur
127
The symbol of business tenacity and achievement
Entrepreneurial Leadership
128
A verifiable (based on facts) and coherent (logical) formulation of relationships or underlying principles that either explain entrepreneurship, predict entrepreneurial activity, or provide normative guidance
Theory of Development of entrepreneurship
129
All about developing curriculum for entrepreneurial education
Theory of Development of entrepreneurship
130
Theory development focuses more on the concept of entrepreneurship
School of thought approach
131
external factors that influence the actions of the entrepreneur
Macro View
