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Entrep Mind > History, Development, Current Trends and Evolution > Flashcards

History, Development, Current Trends and Evolution Flashcards

1
Q

The so-called period of massive growth in the use and adaptation of the internet

A

Dot Frenzy

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2
Q

Individuals who recognize opportunities where others see chaos, contradiction and confusion

A

entrepreneurs

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3
Q

They are catalysts of change within the market place

A

Entrepreneurs

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4
Q

Are the “heroes” of today’s marketplace

A

Entrepreneurs

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5
Q

Has been revitalized because of the efforts of the entrepreneurs

A

Global Market

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6
Q

Words associated with “entrepreneur” are the following except

a. Capitalists
b. Businessmen
b. Start-ups
d. none of the following

A

d. none of the following

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7
Q

The French word of Entrepreneur

A

Entreprendre

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8
Q

Meaning “to undertake”

A

Entreprendre

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9
Q

Business of Henry Ford

A

Automobile (Ford)

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10
Q

This Entrepreneur was stationed to manufacture ammunition for World war 2

A

Henry Ford

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11
Q

Owner of Cartier (jewelry business)

A

Louis Francois Cartier

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12
Q

What is the business of Coco Chanel

A

Perfumerie

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13
Q

Owner of Versace

A

Gianni and Donatella Versace

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14
Q

Owner of FedEx

A

Fred Smith

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15
Q

He founded Microsoft

A

Bill Gates

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16
Q

He acquired Starbucks and made Starbucks a global brand

A

Howard Schultz

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17
Q

Founder of Zara

A

Amancio Ortega

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18
Q

Founder of Apple

A

Steve Jobs

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19
Q

Founder of Intel

A

Andy Grove and Gordon Moore

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20
Q

Founder of google

A

Larry Page and Sergey Brin

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21
Q

Founder of Facebook

A

Mark Zuckerberg

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22
Q

Founder of Amazon

A

Jeff Bezos

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23
Q

The most powerful e-commerce platform

A

facebook

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24
Q

Founder of SM malls & properties, BDO

A

Henry Sy

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25
Q

The stages and process on how the products were created

A

Assembly Line

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26
Q

Founder of Ayala Conglomerate and BPI

A

Zobel de Ayalas

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27
Q

founder of PAL and Fortune Tobacco

A

Lucio Tan

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28
Q

Founder of Robinsons and URC

A

John Gokongwei

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29
Q

Founder of Federal Land and Metrobank

A

George Ty

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30
Q

One who undertakes to organize, manage and assume the risks of a business

A

Entrepreneur

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31
Q

Known as the most expensive brand of jewelry in the world

A

Cartier

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32
Q

True or False

Entrepreneur recognizes and seizes opportunities

A

True

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33
Q

True or False

Entrepreneurs converts opportunities into workable and marketable ideas

A

True

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34
Q

True or False

Entrepreneurs adds value through time, effort, money or skills

A

True

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35
Q

True or False

Entrepreneurs Assume the risk of the competitive marketplace to implement ideas

A

True

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36
Q

True or False

Entrepreneur Realizes the awards from their efforts

A

True

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37
Q

introduced card banking

A

BPI

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38
Q

Founder of all day supermarket/malls

A

Manny Villar

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39
Q

Below are the chief characteristics of an Entrepreneur except one

a. personal initiative
b. ability to consolidate products
c. Goal Oriented behavior
d. Management Skills
e. Desire for autonomy
f. risk taking

A

c. Goal oriented behavior

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40
Q

The most innovative search engine

A

Google

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41
Q

Below are the OTHER CHARACTERISTICS of an entrepreneur except one

a. aggressiveness
b. competitiveness
c. goal oriented behavior
d. confidence
e. opportunistic behavior
f. intuitiveness
g. reality based actions
h. ability to learn from mistakes
i. risk takers
j. ability to employ human relation skills
k. none of the above

A

i. risk takers

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42
Q

Force that initiates and implements material progress

A

Agent of change

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43
Q

The recognition of entrepreneurs date back to this century in France

A

18th century

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44
Q

He said that “entrepreneurs assume and organize the risk of a business in return for profits”

A

Richard Cantillon (1725)

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45
Q

He said that entrepreneurs assume/identify risk to manage and organize those, and to translate it to profit for success

A

Richard Cantillon (1725)

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46
Q

He said that “Supply creates its own demand” (the law of Markets)

A

Jean Baptiste Say (1803)

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47
Q

His law of the markets theory is an unconventional theory

A

Jean Baptiste Say (1803)

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48
Q

He said that “dynamic economic growth is known as a creative destruction”

A

Joseph Schumpeter (1932)

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49
Q

He said that continuous innovation can make older inventions obsolete

A

Joseph Schumpeter (1932)

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50
Q

Consist in doing things that are not generally done in the ordinary course of business routine

A

Entrepreneurship

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51
Q

the discussion and analysis for entrepreneurship was introduced by _____ century economist

A

18th

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52
Q

When did the word entrepreneurship became synonymous or closely linked to free enterprise and capitalism

A

20th century

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53
Q

In the 21st century entrepreneurs are considered as heroes of ___________

A

Free enterprise

54
Q

True or False

In the 20th century many entrepreneurs used innovation and creativity to build multi-million dollar enterprises from fledging businesses in less than a decade

A

False (21st century)

55
Q

He said that entrepreneurship is a dynamic process of creating incremental wealth

A

Robert C. Ronstadt

56
Q

According to Robert C. Ronstadt this is created by individuals who assume the major risks in terms of equity, time, and/or career commitment providing value for some product or service

A

wealth

57
Q

A dynamic process of vision, change and creation

A

entrepreneurship

58
Q

entrepreneurship requires an application of ________ and _______ toward the creation

A

energy and passion

59
Q

Entrepreneurship requires implementation of _______ ideas and _______ solution

A

innovative; creative

60
Q

True or False

Entrepreneur must have the willingness to take calculated risks in terms of time, equity or career

A

True

61
Q

True or False

Entrepreneur must have the ability to formulate an effective venture team

A

True

62
Q

True or False

Entrepreneur must have creative skill to marshal resources

A

True

63
Q

True or False

Entrepreneur must have a fundamental skill of building a solid business plan

A

True

64
Q

True or False

Entrepreneur must have a vision to recognize opportunity where others see chaos, contradiction, and confusion

A

True

65
Q

Small Business owners or Entrepreneurs

Independently owned and operate a small business

A

Small Business Owners

66
Q

Small Business owners or Entrepreneurs

Not dominant in their fields

A

Small Business Owner

67
Q

Small Business owners or Entrepreneurs

Do not engage in many new or innovative practices

A

Small Business Owners

68
Q

Small Business owners or Entrepreneurs

Expects stable sales and profits

A

Small Business owners

69
Q

Small Business owners or Entrepreneurs

Those who purchase already established businesses as well as franchises

A

Small Business Owners

70
Q

Can be viewed as managers of small businesses

A

Small Business owners

71
Q

Small Business owners or Entrepreneurs

They may never grow Large

A

Small Business Owners

72
Q

Prefers more stable and less aggressive approach to running these businesses

A

Small Business Owners

73
Q

Small Business owners or Entrepreneurs

recognize opportunities where others see chaos, contradiction, and confusion

A

Entrepreneurs

74
Q

Small Business owners or Entrepreneurs

Aggressive catalysts for change within a market place

A

Entrepreneurs

75
Q

Small Business owners or Entrepreneurs

Break new barriers, challenge the unknown, and create breakthrough

A

Entrepreneurs

76
Q

Small Business owners or Entrepreneurs

Create jobs in a breathtaking pace

A

Entrepreneurs

77
Q

Small Business owners or Entrepreneurs

all about innovation, profitability, and growth

A

Entrepreneurs

78
Q

Small Business owners or Entrepreneurs

their businesses are characterized by innovative practices and sustainable growth

A

entrepreneurs

79
Q

Small Business owners or Entrepreneurs

always introduces something new

A

Entrepreneurs

80
Q

Small Business owners or Entrepreneurs

Their mindset revolutionizes the way businesses is conducted at every level in every country

A

Entrepreneurs

81
Q

Small Business owners or Entrepreneurs

usually seeks rapid growth and immediate profits

A

entrepreneurs

82
Q

Represents the cognition and commitment to view the world with an innovative perspective

A

Entrepreneurial mindset

83
Q

Myth or Facts

Entrepreneurs are doers, not thinkers

A

myth

84
Q

Myth or Facts

entrepreneur are often very methodical people who plan their moves carefully

A

Facts

85
Q

Myth or Facts

Entrepreneurs are born, not made

A

Myth

86
Q

True or False

Entrepreneurship is a discipline

A

True

87
Q

Myth or Facts

Entrepreneurs are always inventors

A

Myth

88
Q

He did not make the fast-food franchise but he made mcdonald’s the largest fast-food enterprise

A

Ray Kroc

89
Q

Myth or Facts

Entrepreneurs are academic and social misfits

A

Myth

90
Q

Myth or Facts

Entrepreneur must fit the profile

A

Myth

91
Q

Myth or Facts

All entrepreneur need is money

A

Myth

92
Q

This needs capital to survive

A

Venture

93
Q

Occur due to lack of financing

A

Business Failure

94
Q

True or False

To be successful money is not important, but more so is managerial competence , adequate financial understanding, and careful planning

A

False (money is important)

94
Q

It is a resource in Entrepreneurship but never the end itself

A

Money

95
Q

Myth or Facts

Entrepreneurs need is luck

A

Myth

96
Q

Myth or Facts

Entrepreneurship is unstructured and chaotic

A

Myth

97
Q

True or False

Entrepreneurs are not heavily involved in all facets of their venture

A

False (Heavily involved)

98
Q

True or False

Entrepreneurs tend to have a system

A

True

99
Q

Myth or Facts

Most entrepreneurial initiative fail

A

myth

100
Q

the researcher who traced 814,000 businesses in the US started in 1977

A

Bruce A. Kirchhoff

101
Q

Myth or Facts

Entrepreneurs are extreme risk takers

A

Myth

102
Q

the major element in the entrepreneurial process

A

concept of risk

103
Q

Myth or Facts

Entrepreneurs are usually working on a moderate or calculated risk

A

Facts

104
Q

Myth or Facts

Successful entrepreneurs work hard through planning and preparation

A

Facts

105
Q

Critical contributors to economic growth

A

Entrepreneurs

106
Q

True or False

Entrepreneurship provides job options for those who see opportunities and those who need a source of income

A

True

107
Q

True or False

Minority groups are provided an avenue to contribute to the mainstream market

A

True

108
Q

True or False

In the US many baby boomers use entrepreneurship as their first career

A

False (second career)

109
Q

True or False

Entrepreneurs continue to be the answer to any economic downturn

A

True

110
Q

True or False

Entrepreneur enter and expand existing markets

A

True

111
Q

True or False

Entrepreneurs create entirely new markets by offering innovative products

A

True

112
Q

True or False

Japan is the leader in entrepreneurship education at both the undergraduate and graduate levels

A

False (US)

113
Q

True or False

Individuals with professional, technological, or business degrees exhibit the highest entrepreneurial activity rate

A

True

114
Q

True or False

Venture financing and other innovative financing technique are a major theme that characterize recent research on entrepreneurship

A

True

115
Q

Entrepreneurial action within large organization

A

Corporate entrepreneurship

116
Q

seeking innovative solutions to world problems

A

social entrepreneurship

117
Q

examining the ways that entrepreneurs think or act

A

Entrepreneurial cognition

118
Q

It is the discipline that can be learned, redeemed, and acquired

A

Entrepreneurial cognition

119
Q

learning from the unique obstacles they face and have to overcome

A

Women and minority entrepreneurs

120
Q

Entrepreneurial success in 2000-2009 is seen in the following countries except;

a. US
b. Canada
c. UK
d. Germany
e. France
f. Russia
g. Sweden
h. Norway
i. Israel
j. China
k. India
l. Japan
m. Australia and New Zealand

A

f. Russia

121
Q

shown significant impact on job creation, innovation and economic renewal

A

Family Businesses

122
Q

Hottest topics in business and engineering schools throughout the world

A

Entrepreneurial Education

123
Q

Expanded to include almost every major discipline

A

Entrepreneurial Education

124
Q

The dynamic process of vision, change, and innovation

A

Entrepreneurship

125
Q

Same techniques & Principles whether in a large organization or a new venture, business or non-business government or NGO

A

Entrepreneurial Discipline

126
Q

Individuals who possess the passion, energy and skill to innovate and sustain

A

Entrepreneur

127
Q

The symbol of business tenacity and achievement

A

Entrepreneurial Leadership

128
Q

A verifiable (based on facts) and coherent (logical) formulation of relationships or underlying principles that either explain entrepreneurship, predict entrepreneurial activity, or provide normative guidance

A

Theory of Development of entrepreneurship

129
Q

All about developing curriculum for entrepreneurial education

A

Theory of Development of entrepreneurship

130
Q

Theory development focuses more on the concept of entrepreneurship

A

School of thought approach

131
Q

external factors that influence the actions of the entrepreneur

A

Macro View

Entrep Mind (2 decks)

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