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QUESTION 7 The side street effect refers to the entrepreneurial ventures that are marginally successful but never experience significant growth. O the distraction and lack of focus seen in many entrepreneurs. O using corporate resources to pursue entrepreneurial activities. the appearance of unexpected opportunities as one follows a plan. O a corporate spin-off not sanctioned by the corporation. QUESTION 8 What is the role of the economic environment in the success of entrepreneurial ventures? Entrepreneurial success is affected only by the talent and behavior of individuals, not by the economic environment. A robust economy and the resulting increase in credit and demand boost the rate of new business formation, but a troubled economy has little effect on new ventures. O Entrepreneurial success is not affected by the economic environment; a good idea will prevail in all external conditions. O Increases in the money supply and the supply of bank loans lead to improved prospects and increased sources of capital. Downturns in the economic environment offer no opportunity for entrepreneurial success. QUESTION 9 involves creating new systems, resources, or processes to produce new goods or services and/or serve new markets. O Leadership Profiteering Management O Entrepreneurship Franchising