2.7 Review Questions

  1. Why is interest in entrepreneurship growing among those entering or re-entering the workforce?
  2. What is an entrepreneurial mindset?
  3. What does the phrase “entrepreneurial venture” refer to?
  4. What does the process of “cash management” entail for a business?
  5. Why is the entrepreneurial process considered a fluid process rather than a rigid step-by-step guide?
  6. What does the term “creative destruction” mean?
  7. What is the difference between a corporate entrepreneur and an intrapreneur?
  8. What are situational opportunities?
  9. What does an entrepreneurial journey entail?
  10. Under which circumstances might a person choose to bootstrap a venture?
  11. What is an independent contractor?
  12. What does the term “framework” mean in terms entrepreneurship?
  13. What is an action plan? How is it different from a framework?
  14. Why are action plans useful in the development or improvement of a venture?
  15. What are the characteristics associated with traditional entrepreneurship?
  16. What are some biases that minorities and women face in acquiring funding?

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NSCC Foundations of Entrepreneurship Copyright © 2022 by OpenStax is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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