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Which of these are based on accepted standards of what actions are right and wrong?

Question $1$Answer

a$.$

professional activities

b$.$

moral beliefs

c$.$

ethical behaviors

d$.$

values

Question $2$

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Which of these relates to issues like corporate governance and bribery?

Question $2$Answer

a$.$

professional activities

b$.$

moral beliefs

c$.$

business ethics

d$.$

corporate values

Question $3$

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Entities that produce or sell goods and services for profit are known as $\_\_\_\_\_\_.$

Question $3$Answer

a$.$

businesses

b$.$

organizations

c$.$

startups

d$.$

companies

Question $4$

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Purpose$-$driven companies are defined as those that $\_\_\_\_\_\_.$

Question $4$Answer

a$.$

put stakeholders over shareholders

b$.$

have an airtight business model

c$.$

no longer make any profit

d$.$

bring management, employees, and the community together

Question $5$

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The processes used to get daily work done within businesses are known as $\_\_\_\_\_\_.$

Question $5$Answer

a$.$

marketing

b$.$

culture

c$.$

operations

d$.$

the business model

Question $6$

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Ambiguity and volatility are at their highest in the $\_\_\_\_\_\_$ quadrant.

Question $6$Answer

a$.$

known unknowns

b$.$

known knowns

c$.$

unknown unknowns

d$.$

unknown knowns

Question $7$

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How do entrepreneurs minimize risk and uncertainty?

Question $7$Answer

a$.$

They only engage in affordable activities.

b$.$

They blame others when things go incorrectly.

c$.$

They continually consult with experts.

d$.$

They take small actions in order to learn.

Question $8$

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The idea of $$bird$-$in$-$hand$$ within the theory of effectuation refers to the idea that entrepreneurs $\_\_\_\_\_\_.$

Question $8$Answer

a$.$

invest only as much as they are willing to lose

b$.$

create solutions with the resources they currently have

c$.$

realize that mistakes and surprises are inevitable

d$.$

enter into new partnerships, which renews project funds and directions

Question $9$

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Which of these is an upside to uncertainty?

Question $9$Answer

a$.$

It can create relational bonds.

b$.$

It can teach people how to deal with ambiguity.

c$.$

It can give people a space to obtain more training.

d$.$

It can create new business opportunities.

Question $10$

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Which type of mindset does being praised for one$$s intelligence create?

Question $10$Answer

a$.$

collegial

b$.$

fixed

c$.$

entrepreneurial

d$.$

growth

Question $11$

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One advantage to buying an existing small business is $\_\_\_\_\_\_.$

Question $11$Answer

a$.$

they are less expensive at the outset

b$.$

they are guaranteed to generate profit

c$.$

branding, customer, and supplier lists are already in place

d$.$

employees already know the ins and outs of the business

Question $12$

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What does every entrepreneur, regardless of type, have in common?

Question $12$Answer

a$.$

the ability to hire quality employees

b$.$

leadership abilities

c$.$

the ability to identify opportunities

d$.$

charisma

Question $13$

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Which pathway toward new opportunities should be used when entrepreneurs do not know what kind of venture they want to start?

Question $13$Answer

a$.$

search

b$.$

find

c$.$

design

d$.$

effectuate

Question $14$

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Why might entrepreneurs who are big risk takers end up failing?

Question $14$Answer

a$.$

They do not have enough time to devote to the business.

b$.$

People no longer trust them.

c$.$

They run out of money.

d$.$

They leave too much to chance.

Question $15$

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Within the idea classification matrix, what do innovations and improvements have in common?

Question $15$Answer

a$.$

low in novelty

b$.$

high in novelty

c$.$

high in usefulness

d$.$

low in usefulness

Question $16$

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Business models describe how new ventures $\_\_\_\_\_\_.$

Question $16$Answer

a$.$

get people to buy things they do not need

b$.$

create and deliver something of value

c$.$

market more successfully than the competition

d$.$

hire the best emp