The entrepreneur was distinguished from capital provider
p>Quiz #1
Q #1: The entrepreneur was distinguished from capital provider in:
A. Middle ages
B. 18th century
C. 17th century
D. 19th and 20th century
Q #2: ___________ Process of creating incremental wealth is called Entrepreneurship.
A. Dynamic
B. Static
C. Continues
D. Systematic
Q #3: Most important factor in forming a new business is:
A. Finance
B. Marketing
C. Govt Support
D. Family Support
Q #4: Which one of the following is the process of entrepreneurs developing new
products that over time make current products obsolete?
A. Creative destruction
B. New business model
C. Anatomization
D. None of the given options
Q #5: The intersection of knowledge and a recognized social need to start a product
development process is called:
A. Iterative synthesis
B. Product-evolution process
C. Ordinary innovation
D. Situation analysis
Q #6: Which one of the following is the primary cause of failure in small businesses?
A. Poor financial control
B. Poor location
C. Management mistakes
D. Improper inventory control
Q #7: Which one of the following is the first step in the entrepreneurial process?
A. Developing successful business ideas
B. Deciding to become an entrepreneur
C. Growing the entrepreneurial firm
D. Moving from an idea to an entrepreneurial firm
Q #8: Which of the following is NOT included in the opportunity evaluation process?
A. Length of the opportunity
B. Real and perceived value of opportunity
C. Goals and objectives of customers
D. Risks and rewards of opportunity
Q #9: The resistance of employees in an organization against flexibility, growth, and
diversification can be overcome by developing:
A. Entrepreneurship
B. Intrapreneurship
C. Managerial domain
D. Administrative domain
Q #10: The entrepreneur’s_______________ depends on his perception of the
opportunity.
A. Commitment to opportunity
B. Commitment of resources
C. Control of resources
D. Strategic orientation
Q #11: Which of the following statements about the entrepreneurial climate is (are) true?
A. Trial and error are discouraged
B. Resources of the firm need to be available and easily accessible
C. A multidisciplinary approach is discouraged
D. Failures are not allowed
Q #12: Which of the following makes the formation of new venture difficult within a
corporate culture?
A. Lack of intrapreneurial talent
B. Lack of freedom to make autonomous decisions
C. Lack of market opportunity
D. All of the given options
Q #13: Which of the following factors has allowed small companies to act like they are
big ones?
A. Competition
B. Economic development
C. Technology
D. Customers
Q #14: Which of the following is alternatively called corporate venturing?
A. Entrepreneurship
B. Intrapreneurship
C. Act of stating a new venture
D. Offering new products by an existing company
Q #15: Being one’s own boss is a need of:
A. Independence
B. Achievement
C. Affiliation
D. Authority
Q #16: An individual’s need to be recognized is called:
A. Need for independence
B. Need for affiliation
C. Need of fame
D. Need for achievement
Q #17: Which one of the following factors does not affect a person for being an
entrepreneur?
A. Family background
B. Education
C. Personal Values
D. Gender
Q #18: Female entrepreneurs differ from male entrepreneurs in terms of all of the
following EXCEPT:
A. Motivation
B. Business skills
C. Departure point
D. Goal orientation
Q #19: Which of the following areas are preferred by women entrepreneurs?
A. Administration
B. Utilities
C. Manufacturing
D. None of the above
Q #20: Which one of the following is NOT TRUE about male entrepreneurs?
A. Males often have investors, bank loans, or personal loans in addition to personal
funds
B. Males often have more experience in manufacturing, finance, or technical areas
C. Men are often more confident and less flexible and tolerant
D. Men usually list outside advisors as the least important supporters