What is entrepreneurship Study guides, Class notes & Summaries

SCAD's Mission Statement - SCAD prepares talented students for creative professions through engaged teaching and learning in a positively oriented university environment. SCAD's president and founder - Paula S Wallace What year was SCAD founded - 1978 Eleven academic schools - 1. School of Animation and Motion 2. School of Building Arts 3. The De Sole school of bussiness inovation 4. School of creative technology 5. School of design 6. School of fashion 7. School of...

ECS1500 Assignment 1 Semester 2 2023 (ANSWERS) Question 1 Incorrect Mark 0.00 out of 2.00 Flag question Question text The service of an information technology specialist will form part of the production factor, capital. Select one: a. True b. False Feedback Your answer is incorrect. The service of an information technology specialist will form part of the production factor, labour. This entails the use of the abilities and talents of a person who will be paid a wage or salary...

Land grants that allowed for the building of the transcontinental railroads were Pacific Railway Act and Homestead Act Sells Land Pacific Railway Act The government gives you land as long as you utilize it Homestead Act How did the railroad affect the country? Helped create a national market Attempted to assimilate Native Americans into American society by dividing farming land and giving it to individual families Dawes Severality Act What are the factors ...

Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities Adapters Ans: Companies that take the current industry structure and its evolution as givens, and choose where to compete. Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately negative effect on a protected group. Ad...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

Gmetrix Entrepreneurship & Small Business Exam. 1. Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? 2. Which are considered risks of being an entrepreneur? choose three answers. 3. George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two 4. After doing a self assessment, Peter realizes he wants to start a plumbing business, but doesn't...

BSM1501 Assignment 6 Semester 2 2023. 100% CORRECT questions, answers, workings and explanations. Question 1 Not yet answered Marked out of 1.00 Flag question Question text What must a small business manager be able to do? a. Plan, organise, lead and control various business functions. b. Start his/her own enterprise. c. Take calculated risks. d. Identify new products or opportunities. Question 2 Not yet answered Marked out of 1.00 Flag question Question text What is the main advantage of a for...

Flexibility - Answer - Ability to adapt, willingness to change Courage - Answer - Takes risks in spite of possible losses Empathy - Answer - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Answer - Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own b...

Testbank questions Chapter 02 & 03 Innovation Strategy and Identifying Strategic Capabilities Correct answers are indicated with a * 1. Four factors have a major influence on the ability of a firm to develop and create value through innovation. Which of the following is not one of these factors? a) Its ability to identify and exploit external sources of innovation, especially international networks. *b) Its ability to invest in basic science and technology. c) Its power and market pos...

What is Entrepreneurship? - Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liabilities. Which legal structure should you set up for your business? - S-Corporation ...