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<META name="description" content="Entrepreneurship Quiz - based on Scott Shane's Illusions of Entrepreneurship published by Yale University Press.">			
			
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	<TD><p align="right" style="font-size:10px;font-color:gray"><a href="http://yalepress.yale.edu/yupbooks/book.asp?isbn=9780300113310">BACK</a></p> 
	  <p style='font-family:georgia,times;font-size:15pt;color:gray'>
		The Illusions of Entrepreneurship: <span style="font-family:georgia, times; font-size:12pt; color:gray"><br />
		<br />The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By</span></p>
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<TR><TD width=30px><img id=img1 src='images/Quiz/blank.JPG'></TD><TD><B>1.	What percentage of U.S. households owned a business in 1983 and 2004, respectively?</B></B><BR><BR>

<DIV id=div1a style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">a.	14.2 percent in 1983 and 11.5 percent in 2004</DIV><BR>
<DIV id=div1b style='margin-left:20px; cursor:hand' onclick="fnIncorrect(this.id, 'a');">b.	10.5 percent in 1983 and 16.1 percent in 2004</DIV><BR>
<DIV id=div1c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">c.	11.1 percent in 1983 and 12.1 percent in 2004</DIV><BR>
<DIV id=div1d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">d.	18.5 percent in 1983 and 14.3 percent in 2004</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img2 src='images/Quiz/blank.JPG'></TD><TD><B>2.	In 2005, what percentage of the U.S. adult-aged population was in the process of starting a business?</B><BR><BR>

<DIV id=div2a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	2 percent</DIV><BR>
<DIV id=div2b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b.	13 percent</DIV><BR>
<DIV id=div2c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	15 percent</DIV><BR>
<DIV id=div2d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	20 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img3 src='images/Quiz/blank.JPG'></TD><TD><B>3.	Of 394 metro areas tracked by the Census, what metro area had the highest per capita rate of firm formation from 1995 to 1996?</B><BR><BR>  

<DIV id=div3a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	Anniston, Alabama</DIV><BR>
<DIV id=div3b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	San Jose, California</DIV><BR>
<DIV id=div3c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	Laramie, Wyoming</DIV><BR>
<DIV id=div3d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	Austin, Texas</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img4 src='images/Quiz/blank.JPG'></TD><TD><B>4.	What is the most common reason why people start new businesses?</B><BR><BR>

<DIV id=div4a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	To get rich</DIV><BR>
<DIV id=div4b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b.	Because they don’t want to work for someone else</DIV><BR>
<DIV id=div4c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	Because they have no other alternative</DIV><BR>
<DIV id=div4d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	To work fewer hours</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img5 src='images/Quiz/blank.JPG'></TD><TD><B>5.	Of the following countries, which has the highest rate of new business creation per capita?</B><BR><BR>

<DIV id=div5a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">a. 	United States</DIV><BR>
<DIV id=div5b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">b.	Japan</DIV><BR>
<DIV id=div5c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">c.	France</DIV><BR>
<DIV id=div5d style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">d.	Peru</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img6 src='images/Quiz/blank.JPG'></TD><TD><B>6.	What percentage of new single establishment businesses are alive five years after starting?</B><BR><BR>

<DIV id=div6a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	10 percent</DIV><BR>
<DIV id=div6b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	30 percent</DIV><BR>
<DIV id=div6c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	45 percent</DIV><BR>
<DIV id=div6d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	70 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img7 src='images/Quiz/blank.JPG'></TD><TD><B>7.	How many companies receive venture capital financing in the United States each year?</B><BR><BR>

<DIV id=div7a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	30</DIV><BR>
<DIV id=div7b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	300</DIV><BR>
<DIV id=div7c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	3,000</DIV><BR>
<DIV id=div7d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	30,000</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img8 src='images/Quiz/blank.JPG'></TD><TD><B>8.	On average, how many companies went public in the United States annually from 1996 to 2006?</B><BR><BR>

<DIV id=div8a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	10</DIV><BR>
<DIV id=div8b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	50</DIV><BR>
<DIV id=div8c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id, 'c');">c.	300</DIV><BR>
<DIV id=div8d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	700</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img9 src='images/Quiz/blank.JPG'></TD><TD><B>9.	Which number best approximates the typical capitalization of a new business?</B><BR><BR>

<DIV id=div9a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	$5,000</DIV><BR>
<DIV id=div9b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b.	$25,000</DIV><BR>
<DIV id=div9c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	$125,000</DIV><BR>
<DIV id=div9d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	$500,000</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img10 src='images/Quiz/blank.JPG'></TD><TD><B>10.	What percentage of founders expects their businesses to have fifth year sales of more than $100,000?</B><BR><BR>

<DIV id=div10a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	10 percent</DIV><BR>
<DIV id=div10b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b.	50 percent</DIV><BR>
<DIV id=div10c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	75 percent</DIV><BR>
<DIV id=div10d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	90 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img11 src='images/Quiz/blank.JPG'></TD><TD><B>11.	What percentage of software firms founded annually achieve more than $50 million in sales by the time that they are five years old?</B><BR><BR>

<DIV id=div11a style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">a.	0.4 percent</DIV><BR>
<DIV id=div11b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">b.	4.0 percent</DIV><BR>
<DIV id=div11c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">c.	9.1 percent</DIV><BR>
<DIV id=div11d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">d.	14.4 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img12 src='images/Quiz/blank.JPG'></TD><TD><B>12.	What proportion of people starting a new business manage to get it “up and running” within seven years?</B><BR><BR>

<DIV id=div12a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	10 percent</DIV><BR>
<DIV id=div12b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b.	33 percent</DIV><BR>
<DIV id=div12c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	66 percent</DIV><BR>
<DIV id=div12d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	95 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img13 src='images/Quiz/blank.JPG'></TD><TD><B>13.	What percentage of the U.S. labor force works in companies that are less than two years old?</B><BR><BR>  

<DIV id=div13a style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">a.	1 percent</DIV><BR>
<DIV id=div13b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">b.	10 percent</DIV><BR>
<DIV id=div13c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">c.	25 percent</DIV><BR>
<DIV id=div13d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">d.	80 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img14 src='images/Quiz/blank.JPG'></TD><TD><B>14.	What is the average number of employees of a U.S. start-up when it is started?</B><BR><BR>

<DIV id=div14a style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">a.	1</DIV><BR>
<DIV id=div14b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">b.	5</DIV><BR>
<DIV id=div14c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">c.	10</DIV><BR>
<DIV id=div14d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">d.	100</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img15 src='images/Quiz/blank.JPG'></TD><TD><B>15.	What percentage of five-year-old businesses in the United States is home-based?</B><BR><BR>

<DIV id=div15a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	10 percent</DIV><BR>
<DIV id=div15b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	22 percent</DIV><BR>
<DIV id=div15c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	46 percent</DIV><BR>
<DIV id=div15d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	72 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img16 src='images/Quiz/blank.JPG'></TD><TD><B>16.	What is the most common source of financing for a U.S. start-up?</B><BR><BR>

<DIV id=div16a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	Venture capitalists</DIV><BR>
<DIV id=div16b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	Friends of the entrepreneur</DIV><BR>
<DIV id=div16c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	The entrepreneur’s savings</DIV><BR>
<DIV id=div16d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	Banks</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img17 src='images/Quiz/blank.JPG'></TD><TD><B>17.	What percentage of the financing of new businesses less than two years old takes the form of debt?</B><BR><BR>

<DIV id=div17a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	5 percent</DIV><BR>
<DIV id=div17b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	14 percent</DIV><BR>
<DIV id=div17c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	52 percent</DIV><BR>
<DIV id=div17d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	81 percent</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img18 src='images/Quiz/blank.JPG'></TD><TD><B>18.	How much more likely are men than women to start businesses?</B><BR><BR>

<DIV id=div18a style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">a.	2 times</DIV><BR>
<DIV id=div18b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">b.	3 times</DIV><BR>
<DIV id=div18c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">c.	4 times</DIV><BR>
<DIV id=div18d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'a');">d.	5 times</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img19 src='images/Quiz/blank.JPG'></TD><TD><B>19.	What was the ratio of White to Black self-employment in 1910 and 1990?</B><BR><BR>

<DIV id=div19a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">a.	10:1 in 1910 and 2:1 in 1990</DIV><BR>
<DIV id=div19b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">b.	5:1 in 1910 and 4:1 in 1990</DIV><BR>
<DIV id=div19c style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">c.	3:1 in 1910 and 3:1 in 1990</DIV><BR>
<DIV id=div19d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'c');">d.	2:1 in 1910 and 2:1 in 1990</DIV><BR>
<BR><BR></TD></TR>

<TR><TD width=30px><img id=img20 src='images/Quiz/blank.JPG'></TD>
<TD><B>20.	What percentage of start-up efforts each year have at least one employee ten years later?</B><BR>
  <BR>

<DIV id=div20a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">a.	100%</DIV><BR>
<DIV id=div20b style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">b.	9%</DIV><BR>
<DIV id=div20c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'd');">c.	4%</DIV><BR>
<DIV id=div20d style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">d.	2%</DIV><BR>
</TD></TR>

<TR><TD width=30px><img id=img21 src='images/Quiz/blank.JPG'></TD>
<TD><B>BONUS QUESTION.	What percentage of one-year old companies provides  health insurance to their full-time employees?</B><BR>
  <BR>

<DIV id=div21a style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">a.	5.2%</DIV>
<BR>
<DIV id=div21b style='margin-left:20px;cursor:hand' onclick="fnCorrect(this.id);">b. 23.2%</DIV>
<BR>
<DIV id=div21c style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">c.	45.8%</DIV>
<BR>
<DIV id=div21d style='margin-left:20px;cursor:hand' onclick="fnIncorrect(this.id, 'b');">d.	76.2%</DIV>
<BR><BR>
<span style="font-weight: bold"><a href="mailto:juliann.phelps@yale.edu?subject=Entrepreneurship Quiz Answer">Email</a> us the correct answer and you could win a free book! The first ten people to email us the correct answer to the bonus question will receive a free copy of Scott Shane's book,<a href="http://yalepress.yale.edu/yupbooks/book.asp?isbn=9780300113310" style="font-style: italic"> Illusions of Entrepreneurship</a>. </span>See additional rules and contest information below.</TD>
</TR>


<TR><TD colspan=2 style='font-weight:bold'>
	<HR>Final Score: <DIV style='display:inline' id=score>0</DIV>%
</TD></TR>

<TR>
  <TD colspan=2 style='font-weight:bold; font-size:9px'>*Please be sure the e-mail contains your
answer, your name, a U.S. mailing address, and a daytime telephone number.
Failure to include this information will result in a forfeit of the prize. No
entries will be acknowledged or returned. The winner will be notified within 3
days of contest close (no later than February 4, 2008). The first ten email winners will be accepted in the order they were received. All entries email address will be added to our mailing list, unless specified otherwise.
<BR>
Please be assured that this data will not be shared, sold or otherwise distributed.
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