Which of the following best describes the difference between an intrapreneur and an entrepreneur quizlet?
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Which of the following is the difference between inventors and entrepreneurs? Show A. Inventors have better management, business, and networking skills as compared to entrepreneurs. Upgrade to remove ads Only SGD 41.99/year
Terms in this set (30)Keaton is an intrapreneur for a multinational electronics company. As an intrapreneur Keaton: a. will use the firm's existing resources to develop new products. a. will use the firm's existing resources to develop new products. An intrapreneur uses a firm's existing financial, human, and physical resources to create new products and generate new profits. (T/F) If a sole proprietorship fails, the owner may lose whatever was invested in the business; however, the owner's personal assets are not at risk. False Sole proprietors have unlimited liability for the debts of their business. This means that if their business gets into financial trouble they can lose their personal assets. The form of business ownership best suited to raising large amounts of money for expansion is the: d. corporation. A legal entity with authority to act and have liability separate from its owners is called a partnership. False A legal entity with authority to act and have liability separate from its owners is called a corporation An intrapreneur is the creative person who starts and manages a nonprofit organization. False Since creating a detailed business plan is almost impossible, entrepreneurs should focus on the other tasks needed to get their firm started. False State and city governments have promoted facilities where new businesses can open up shop and share common services such as secretarial, accounting, and legal services. Due to their remarkable success rate, _______________ continue to grow in popularity. a. intrapreneurial development centers b. incubators Incubator facilities offer new businesses low-cost office space with shared receptionist/secretarial, legal, and accounting services. A business's size is measured: a. in relation to other firms in its industry. a. in relation to other firms in its industry. A good business plan describes the nature of the proposed business, the target market, the competitive advantages, and the qualifications of the owners. True In a leveraged buyout, the managers of a firm, its employees, or other investors: a. negotiate a merger with another firm to create a conglomerate. d. borrow funds to buy out the firm's stockholders. A leveraged buyout is an attempt by employees, management, or a group of investors to use borrowed funds to buy out the existing owners of a firm. (T/F) The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations. True (T/F) A major advantage of sole proprietorships is that an owner has limited liability for the debts of his or her business. False Starting a new business as a sole proprietorship: a. requires retaining the services of an attorney. c. is usually simpler and less expensive than starting other forms of ownership. Which of the following statements is the most accurate? A foreign corporation: a. is the same thing as a multinational corporation. b. does business in one or more states, but is chartered in another state. A foreign corporation is one that does business in one state while being chartered in another state. Trevor and Tyler own all the stock in the Double T Corporation. The stock of this corporation is not sold to the general public. Trevor and Tyler own a: a. alien corporation. b. closed corporation. A closed corporation is one whose stock is all owned by only a few investors (or privately held), and isn't available to the general public. (T/F) Venture capitalists provide funds for start-up businesses in exchange for part ownership in the new firm. True (T/F) When writing a business plan, prospective entrepreneurs should remember to omit details regarding their experience and education since investors are only interested in the proposed business. False A business plan should include information about the resources and qualifications of the owner. (T/F) If a corporation has after-tax profits of $360,000, and elects to distribute this amount in the form of dividends to its stockholders, these distributions are free and clear of taxes because the corporation paid taxes on this amount prior to distribution. False A disadvantage of the corporate form of business ownership is double taxation. If corporations distribute after-tax profits to stockholders, these individuals are required to pay taxes on dividend income. Unfortunately, these amounts were already taxed once, when the corporation paid taxes on them, hence the term double taxation. (T/F) Business plans are necessarily a bit vague since these are prepared prior to the beginning of business operations. False Javier is the sole proprietor of a golf shop. Because he is a sole proprietor, any profit Javier's business earns is: a. totally tax-free. b. taxed only as Javier's personal income. A tax advantage of sole proprietorships is that their earnings are only taxed once, as personal income to the owner. Successful entrepreneurial teams: c. bring a variety of talent to the business venture. As its name implies, members of an entrepreneurial team operate as a team. Everyone works together to conceive, develop, and market the product. Team members can combine their talents and creative skills, and bring a variety of expertise to the team. (T/F) A general partner takes an active role in the management of the business. True (T/F) Small businesses can often provide more personalized customer service than bigger rivals. True (T/F) Independence, challenge, and opportunity are among the key reasons given by those who assume the risks of entrepreneurship. True Many factors encourage people to accept the risks associated with entrepreneurship, including the opportunities, independence, and challenges associated with starting and operating a business. Clearly the potential of profits is also a great motivator for entrepreneurs. (T/F) By filling out the correct paperwork annually, any corporation can qualify to be classified as an S corporation. False
(T/F) Ted and Mark are partners in a dry cleaning business. They would like their brother Todd to join them. Unfortunately, partnership law states that only two partners can participate in a partnership. False A partnership consists of two or more owners. Unless explicitly written in the original partnership agreement, the partnership can add partners. Which of the following best describes the difference between an intrapreneur and an entrepreneur? a. Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business. a. Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business. Intrapreneurs are creative people who work within a corporation to develop new products and generate new profits for the firm. Entrepreneurs start their own businesses, without any financial tie to a larger company. (T/F) Venture capitalists provide funds for small businesses as part of their philanthropy programs. False (T/F) In a general partnership, all partners share in management of the business and in the liability for the firm's debts. True (T/F) Anthony is an employee of a textbook publisher. However, his desire is to establish a home-based business providing his services to a variety of publishers. Anthony's primary motivation is to escape the 9 to 5 world of corporate publishing and to enjoy the opportunity of working for himself. Anthony is an example of a micropreneur. True Micropreneur refers to a business owner who is interested in simply enjoying a better lifestyle and who wants the opportunity to make a living doing the kind of work he or she enjoys. Sets with similar termsMgmt 1 Quiz 330 terms patilavanessian Chapter 7: Entrepreneurship and Stating a Small Bu…46 terms eirenguyen Chapter 564 terms robynhood_ Marketing Ch. 3331 terms nkaplan15 Other sets by this creatorCH 530 terms paul_frank_ CH 330 terms paul_frank_ CH 230 terms paul_frank_ English Vocab30 terms paul_frank_ Verified questionsQUESTION Henderson’s Hardware has an ROA of 11%, a 6% profit margin, and an ROE of 23%. What is its total assets turnover? What is its equity multiplier? Verified answer
QUESTION Imagine that you work for a technology firm that manufactures smartphones with digital-camera and Web-browser features. Investigate the process of using your smartphone to launch 2-D barcodes to cosmetic retailers. Keeping the retailers' needs in mind, consider the following questions: What advantages do 2-D barcodes offer relative to 12-digit barcodes? What steps must you take to sell the concept? What benefits might 2-D barcodes have? What technological improvements must your smartphones have to read 2-D barcodes? Verified answer QUESTION A firm’s bonds have a maturity of 8 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 4 years at$1,154, and currently sell at a price of $1,283.09. What are their nominal yield to maturity and their nominal yield to call? What return should investors expect to earn on these bonds? Verified answer
QUESTION A millisecond (ms) is a unit of time used to describe how long it takes a computer to complete an operation. 1 second = 1,000 ms. If a computer can execute 35 operations per millisecond, how many operations can it complete in one minute? (60 seconds per minute) Verified answer Other Quizlet setsFINC 3310 Chapter 21 TB Questions68 terms darlene9764PLUS Exam32 terms Cubansanchez Pharmacology Application of meds and PSYCH Meds118 terms Kriss009 psyc 450 exam 220 terms sarahcarter6 Related questionsQUESTION An arrangement to outsource part of personnel management to an organization that handles paperwork and administers benefits for those employees is called 2 answers QUESTION The best choice to graphically illustrate the percentage each expense represents of total company expenses is a(n) 2 answers QUESTION What are the types of mergers and takeovers? 6 answers QUESTION McCloud Company wants to avoid being unable to compare job candidates' qualifications after an interview because the applicants were asked different questions. Giving what type of interview might eliminate this problem? 7 answers What is the main difference between an entrepreneur and an intrapreneur quizlet?What's the difference between an entrepreneur and an intrapreneur? An entrepreneur is a ground up and go person with their own money and an intrapreneur is someone who steams from inside a big company.
Which of the following best describes an entrepreneur quizlet?Which of the following best describes an entrepreneur? A person who forms and operates a business.
Which of the following explain difference between entrepreneur and entrepreneur?An entrepreneur is someone who locates the need of society and tries to meet the same, with his/her innovative idea.
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Comparison Chart.. What is the difference between an entrepreneur and entrepreneurship quizlet?What is the difference between an entrepreneur and entrepreneurship? An entrepreneur is someone who takes a risk in starting a business to earn a profit whereas; entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.
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