Chapter 2: Varieties of Entrepreneurship
1. What is an ‘intrapreneur’?
- an emerging entrepreneur
- someone who acts entrepreneurially inside an existing organisation
- the founder of a large organisation
- the head of a business unit
2. Lifestyle entrepreneurs’ businesses are hobby businesses that never grow.
- True
- False
Answer: B
Explanation
Lifestyle entrepreneurs prioritise quality of life but they might also want to achieve a reasonable level of income from their business.
3. What percentage of new businesses in the USA are set up by immigrants?
- 5%
- 15%
- 25%
- 35%
Answer: C
Explanation
25% of new businesses in the USA are set up by immigrants although they account for only about 13% of the population.
4. What do Arianna Huffington (The Huffington Post (No Huffpost), Thrive Global), Elon Musk (Tesla, SpaceX) and Sergey Brin (Google) have in common, apart from being successful entrepreneurs?
- all attended the same university
- extensive cross-cultural experience
- commitment to ethical business
- all are technology entrepreneurs
5. The combination of economic and social value creation involved in social enterprise is sometimes described as ______.
- transformational
- double bottom line
- ethical entrepreneurship
- triple bottom line
6. Why are women and ethnic minority people more likely to set up social enterprises?
- They are more likely to have empathy on social problems because of their background and experiences.
- There are more targeted initiates aimed at supporting social enterprise development among minority groups.
- Due to their background and experience, they are less likely to be commercially focused.
- Because social enterprises often grow out of the industry sectors where those groups are pre-dominantly employed
7. What is one of the main economic advantages of replicative entrepreneurship?
- efficiency in the labour market
- job creation, primarily through self-employment
- driving down prices for consumers
- the growth of an entrepreneurial culture