COLLEGE LEVEL: Respond to each Question in detail. Your Overall response should have a combined total not more than 1000 words for the entire exams. 1. a) Briefly describe the evolution of the term entrepreneurship.

b) What are the 10 myths associated with entrepreneurship? Debunk each.

2. a) What is the micro view of entrepreneurship

b) What are the schools of thought that use the micro view of entrepreneurship?

3. a) Entrepreneurship has a “dark side.” What is meant by this statement? State and explain them. Be complete in your answer.

b) Entrepreneurship has a “dark side.” What is meant by this statement? Be complete in your answer.

4. a) What is Social Entrepreneurship?

b) How do the following organizations impact international entrepreneurship:
NAFTA:
WTO:
EU:

5. a) How does Social Entrepreneurship help the society. Give examples?
6. b) What is OPEC and Give examples

7. a) What are the major sources of innovative ideas? Explain and give an example of each

b) What are four major types of innovation?

8. Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.

9. List four major types of problems that new ventures confront.

10. Define the following Terms:
a) Franchise
b) Franchisee
c) Franchisor