Question description

 

1.
Which of the trends below converged to spark the Internet revolution of the 1990’s?
A) Venture Capital, Biotechnology, and Telecommunications
B) Digital Technology, Information Technology, and Entrepreneurship
C) Entrepreneurship, Venture Capital, and Computer Software
D) Personal Computers, Cell Phones, and Laser Printing
E) Personal Computers, Modems, and Floppy Disks
2.
According to the survey cited in this chapter, which of the following was not one of the most important innovations since 1980?
A) Digital imagery
B) Personal computers
C) The Internet
D) E-mail
E) Cell phones
3.
How many business incubators were in the US in 2006?
A) 764
B) 2076
C) 850
D) 240
E) 1115
4.
Which term is used to describe business churning?
A) Artificial evolution
B) Business expansion
C) Evolving transition
D) Making the butter
E) Creative destruction
5.
The stock market collapse that led to the Great Depression occurred in what year?
A) 1928
B) 1932
C) 1929
D) 1930
E) 1931
6.
By 2011, what percentage of the world’s population had become Internet users?
A) 2%
B) 33%
C) 57%
D) 60%
E) 16%
7.
Which of the following industries was the prime example of venture capital fueling the pace of commercial innovation?
A) Biotechnology
B) Mini-Computers
C) All of the Above
D) Semi-Conductors
E) Personal Computers
8.
Who reasoned that capitalism would be inevitably destroyed by elites?
A) Schumpeter
B) Servan-Schreiber
C) Lenin
D) Whyte
E) Marx
9.
At the turn of the 20 th century, about 50% of US workers worked in either the agricultural or the domestic service spheres. Approximately 100 years later that percentage had decreased to which of the following figures?
A) 10%
B) 35%
C) 22%
D) 4%
E) 16%
10.
What percentage of Americans dream of starting a business?
A) 38%
B) 68%
C) 58%
D) 28%
E) 48%
11.
What percent of the workforce did Fortune 500 companies employ in 1960’s?
A) 25%
B) 15%
C) 10%
D) 20%
E) 30%
12.
What was the primary objective of the Bayh-Dole Act?
A) Support for young entrepreneurs
B) All of the above
C) Investment of pension funds in venture capital companies
D) Gender equality among entrepreneurs.
E) Commercial development of intellectual property
13.
What percent of the executives downsized in the 1980’s and 1990’s started their own businesses?
A) 30%
B) 25%
C) 20%
D) 10%
E) 15%
14.
What does SBIR stand for?
A) Speaker Boundary Interference Response
B) Small Business Innovation Research
C) Space Based Infra Red
D) Savings, Brokerage, and Investment Reserve
E) Small Business Interest Rate
15.
What was the increase in Benchmark Capital’s investment of $5 million in eBay?
A) 700-fold in two years
B) 30-fold in two years
C) 4000-fold in two years
D) 300-fold in two years
E) 1500-fold in two years
16.
What percentage of new business ventures typically survive their first five years of operation?
A) 40%
B) 100%
C) 25%
D) 81%
E) 65%
17.
What percent of American, four-year colleges have courses in entrepreneurship?
A) 78%
B) 60%
C) 43%
D) 13%
E) 55%
18.
How much do informal investors contribute to startup businesses annually?
A) $50 billion
B) $100 billion
C) $67 billion
D) $12 billion
E) $86 billion
19.
“Baby boomers” is the term used for Americans born in:
A) Mid 1940’s – early 1960’s
B) Early 1920’s
C) Late 1930’s – 1940’s
D) 1920’s
E) C Early 1930’s
20.
What was the world’s largest corporation in 2012?
A) General Motors
B) Walmart
C) Apple
D) Southwest Airlines
E) Google
21.
How much does the Bayh-Dole Act contribute annually to the US economy?
A) C)$12 billion
B) E)$40 billion
C) A)$300 million
D) D)$32 billion
E) B)$950 million
22.
Which software application was the predecessor to the Lotus 1-2-3 spreadsheet?
A) Microsoft Excel
B) VisiCalc
C) FileMaker
D) MasterFile
E) Financial Works
23.
How much new VC money was committed in 1975?
A) $145 million
B) $930 million
C) $45 million
D) $430 million
E) $10 million
24.
What percent of GDP did venture capital backed companies generated in 2008?
A) 7%
B) 31%
C) 21%
D) 28%
E) 41%
25.
According to the GEM model, how many sets of activities create the basis for national economic growth?
A) 6
B) 5
C) 3
D) 2
E) 4