Directions: Please answer the following questions using complete sentences. A minimum of one paragraph is required for each response.
Each paragraph must be five to seven sentences in length.
1. Briefly describe the evolution of the term entrepreneurship.
2. What are the ten myths associated with entrepreneurship?
3. What are three specific types of displacement?
4. Define a gazelle and discuss its importance.
5. Identify and describe the three major sources of information that supply data related to the entrepreneurial mindset.
6. How do the following traits relate to the entrepreneur: desire to achieve, opportunity orientation, initiative, and responsibility?
7. Some of the characteristics attributed to entrepreneurs include persistent problem solving, continuous seeking of feedback, and internal locus of control. What does this statement mean? Provide a complete answer.
8. Entrepreneurs have a tolerance for ambiguity, are calculated risk takers, and have a high regard for integrity and reliability. What does this statement mean? Provide a complete answer.
9. Is it true that most successful entrepreneurs have failed at some point in their business careers? Explain.
10. Entrepreneurship has a "dark side." What is meant by this statement? Be complete in your answer.