Chapter 3

Question 1

What does the Global Entrepreneurship Monitor (GEM) measure?

Answer 1

1) Measure differences in levels of entrepreneurial activity among countries

2) Uncover factors determining national levels of entrepreneurial activity

3) Identify policies that may enhance the national level of entrepreneurial activity

Question 2

What is the goal of the GEM?

Answer 2

To understand global entrepreneurship

Question 3

What does Total Entrepreneurial Activity (TEA) index measure?

Answer 3

1) Nascent start-up rate (process of creating a new business)
2) New firm or new business ownership rate

Question 4

What does the PEST framework look at?

Answer 4

External environmental influences on the level of entrepreneurship

Question 5

What are the PEST letters?

Answer 5

1) Political factors
2) Economic factors
3) Social-cultural factors
4) Technological factors