Page 63 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

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9. An individual who is in the process of 13. Which of the following BEST describes
starting a new venture for the first time is an entrepreneur when starting or
described as a expanding a business?

(A) novice entrepreneur (A) Opportunist
(B) serial entrepreneur (B) Angel funder
(C) nascent entrepreneur (C) Venture capitalist
(D) habitual entrepreneur (D) Calculated risk taker

10. Which of the following factors 14. Gender can constitute a barrier to the
distinguishes an entrepreneur from a development of entrepreneurship when
traditional small business owner?
(A) venture financing availability is
(A) Wealth based on one‟s gender
(B) Ability to innovate (B) venture capitalists invest in
(C) Number of start-ups multiple ventures
(D) Employment status (C) both men and women are free to
access venture capital
(D) both men and women are given
Items 11 - 12 refer to the following types of the same level of entrepreneurial
entrepreneurs. training

(A) Serial entrepreneur
(B) Novice entrepreneur 15. Jenny started her business one year ago.
(C) Habitual entrepreneur The business failed. As a typical
(D) Portfolio entrepreneur entrepreneur, what will Jenny MOST
likely do?
In answering items 11–12, match each item with
one of the options above. Each option may be (A) Go to work for a major
used once, more than once or not at all. corporation
(B) Try to learn from her failed
venture
11. An individual who has NO prior (C) Give up becoming a successful
experience in starting up a business, entrepreneur
inheriting a business or purchasing a (D) Spend the rest of her life
business wondering what happened to her
business

12. An entrepreneur who creates, starts and
sells ventures

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02124010/SPEC 2013