Quiznetik

Entrepreneurship and Small Business Management | Set 1

1. Which of the following is the correct definition of the term 'entrepreneur', as used by the OECD?

A. Entrepreneurs are those people who start new businesses with the aim of making a profit.

B. Entrepreneurs are those persons (business owners) who seek to generate value through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets.

C. Entrepreneurs are those persons who seek to create value by starting new businesses with innovative products and services.

D. Entrepreneurs are those people who seek to create value for local communities, people or customers by starting new ventures which exploit new products, processes or markets.

Correct : B. Entrepreneurs are those persons (business owners) who seek to generate value through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets.

2. What is the definition of the term, 'social enterprise'?

A. A commercial organization that seeks to combine a profit seeking motive with the provision of social benefits.

B. A trading organization that is motivated by profit and a societal orientation.

C. A social enterprise undertakes social marketing and can take a variety of legal forms, including co-operative, a limited company and a community interest company.

D. A trading organization which serves a social purpose and which can take a variety of legal forms, including co-operative, a limited company and a community interest company.

Correct : D. A trading organization which serves a social purpose and which can take a variety of legal forms, including co-operative, a limited company and a community interest company.

3. Intrapreneurship often takes the form of ...

A. a semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.

B. a spinout venture from a university to commercial a new invention.

C. a subsidiary of a large corporation developing a new product.

D. a semi-autonomous group operating outside the overarching structure of the parent organization.

Correct : A. a semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.

4. The goals motivating entrepreneurial activity can include which of the following options:

A. To improve the social welfare of people, e.g. in terms of their health.

B. To improve the wealth of the entrepreneurs.

C. To maintain influence amongst powerful local figures.

D. All of the above.

Correct : A. To improve the social welfare of people, e.g. in terms of their health.

5. Can entrepreneurship be 'learned'?

A. Entrepreneurs are born and not made

B. It's a discipline and like any other discipline it can be learned.

C. You will never become an entrepreneur simply by reading a book

D. Practical exercises, study and critical reflection can be a good way to think about

Correct : D. Practical exercises, study and critical reflection can be a good way to think about

6. Which of these statements best describes the context for entrepreneurship?

A. Entrepreneurship takes place in small businesses.

B. Entrepreneurship takes place in large businesses.

C. Entrepreneurship takes place in a wide variety of contexts.

D. Entrepreneurship does not take place in social enterprises.

Correct : C. Entrepreneurship takes place in a wide variety of contexts.

7. Which statement is not true of entrepreneurs?

A. They change the way businesses convert inputs into outputs

B. They generally stick to the processes already in use.

C. They take risks

D. They apply innovative ideas

Correct : B. They generally stick to the processes already in use.

8. Pichot suggested three roles for the intrapreneur in promoting innovation. What are they?

A. Team builder, information source and advocate

B. Inventor, innovator and sponsor

C. Inventor, developer and marketer

D. Inventor, product champion and sponsor

Correct : D. Inventor, product champion and sponsor

9. Why is the notion of 'vision' important in entrepreneurship?

A. Without it there is no driving force or sense of direction.

B. People need a sense of fantasy in order to create ambitious ventures.

C. Investors prefer to invest in visionaries.

D. Having a vision helps to create a paradigm shift.

Correct : A. Without it there is no driving force or sense of direction.

10. What are the two key issues that arise when you create an effective entrepreneurial team from scratch?

A. Team mentality and team synergy

B. Team numbers and team quality

C. Team composition and team roles

D. Team experience and team experience

Correct : C. Team composition and team roles

11. Establishing a shared vision amongst team members refers to:

A. Members of the team starting out with an essentially similar set of ideas about what they want to create.

B. Members of the team sharing moral principles and standards of behaviour.

C. Members of the team sharing the factors driving them to take part in the venture.

D. Members of the team sharing profits in an equitable manner.

Correct : C. Members of the team sharing the factors driving them to take part in the venture.

12. What are the main differences between marketing in a 'corporate setting' and an 'entrepreneurial' one?

A. Lack of resources; lack of brand name; difficulties in making contacts.

B. Greater emphasis on personal selling and personal networking.

C. Faster decision making; more personal responsibility.

D. Better profit margins; lower costs and greater flexibility.

Correct : A. Lack of resources; lack of brand name; difficulties in making contacts.

13. According to Schumpeter, Innovation occur in the following forms:

A. 2

B. 3

C. 4

D. 5

Correct : D. 5

14. Innovative entrepreneur ensures:

A. Static equilibrium

B. Dynamic equilibrium

C. Static disequilibrium

D. Dynamic disequilibrium

Correct : D. Dynamic disequilibrium

15. The book “Innovation and Entrepreneurship” is written by:

A. J.B. Say

B. J.A. Schumpeter

C. Peter F. Drucker

D. Cantillon

Correct : C. Peter F. Drucker

16. No. of sources for innovative opportunity is given by Peter Drucker.

A. 5

B. 6

C. 7

D. 8

Correct : C. 7

17. Fabian Entrepreneurs are characterized by:

A. Hardworking

B. Religious and traditional

C. Shy and Lazy

D. Ready to take risk

Correct : C. Shy and Lazy

18. Drone entrepreneur are those who generally

A. Earn super profit

B. Earn normal profit

C. Earn profit or even losses

D. Incur losses

Correct : C. Earn profit or even losses

19. Systematic innovation means

A. Monitoring different sources of or innovative opportunity

B. Developing different types of entrepreneurial behavior

C. Identifying different new business opportunity

D. Creating bases for systematic creativity

Correct : A. Monitoring different sources of or innovative opportunity

20. Supply of entrepreneur depends on the

A. Rate of the profit available

B. Prevailing social climate

C. Rate of profit and social climate

D. None of the above

Correct : C. Rate of profit and social climate

21. The 'enterprise culture' is a general interest in developing new ventures

A. True

B. False

C. all

D. none

Correct : B. False

22. Which of the following is presented as evidence of social factors influencing whether someone becomes an owner-manager?

A. Although people believe self-employment runs in families, there is little evidence to support this view.

B. There seems to be little relationship between self-employment and age.

C. Self-employment is more common among some ethnic groups.

D. Self-employment is more common among single people than among the married.

Correct : C. Self-employment is more common among some ethnic groups.

23. Which of the following is not one of the environmental factors that may influence the potential of a small business?

A. Close contacts with customers related to problem solving activities

B. Clusters of technically advanced small firms

C. An industry with economies of scale

D. Banks recognising the needs of small firms

Correct : C. An industry with economies of scale

24. What factors have contributed to the blurring of boundaries between different industries?

A. Technological innovation; political change; legal and socio-economic changes

B. Technological innovation

C. Changes amongst customers, competitors and suppliers

D. Both (a) and (d)

Correct : A. Technological innovation; political change; legal and socio-economic changes

25. One of the differences between marketing in a corporate setting and an entrepreneurial one is the reliance by the entrepreneur on personal credibility and skills in persuasive communication.

A. True

B. False

C. all

D. none

Correct : A. True

26. EDP meant for developing

A. Professional skill

B. Entrepreneurial motive

C. Personal qualities

D. Entrepreneurial monitoring

Correct : B. Entrepreneurial motive

27. EDP is required to help

A. Existing entrepreneur

B. First generation entrepreneur

C. Future Entrepreneur

D. None of the above

Correct : B. First generation entrepreneur

28. Following is not involved in EDP

A. Identification of entrepreneurs for training

B. Selection of entrepreneurs for training

C. Developing entrepreneurial capabilities

D. Arranging infrastructural facilities

Correct : D. Arranging infrastructural facilities

29. EDII was developed by the

A. Government of India

B. State Government

C. All India Financial Institutions

D. Public sector banks

Correct : C. All India Financial Institutions

30. NIESBUD was established in

A. 1980

B. 1983

C. 1986

D. 1989

Correct : B. 1983

31. All but which of the following is considered to be a myth associated with entrepreneurship?

A. Successful entrepreneurs are born not made

B. First ventures are always successful

C. All entrepreneurs must willingly invest significant sums of money

D. Successful entrepreneurs must have a break-through invention

Correct : A. Successful entrepreneurs are born not made

32. An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

A. strategic alliance

B. corporation

C. entrepreneurship

D. proprietorship

Correct : A. strategic alliance

33. For small business owners, one of the most important objectives is _______.

A. market presence

B. growth

C. profitability

D. adaptability

Correct : C. profitability

34. Which of the following is not considered a common characteristic of an entrepreneur?

A. Internal locus of control

B. High need for achievement

C. Self-confidence

D. External locus of control

Correct : A. Internal locus of control

35. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.

A. inventor

B. opportunist

C. hacker

D. craftsman

Correct : B. opportunist

36. Melissa is one of the newest and most successful entrepreneurs in the technology industry. She handles numerous dealings with other companies for the exchange of goods and services. Her primary goal is to ensure that all parties involved receive favorable and acceptable terms. Melissa is most probably excellent at the entrepreneurial skill of _______.

A. negotiating

B. networking

C. leadership

D. analysis

Correct : C. leadership

37. The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.

A. replication of an existing business

B. trade journals

C. trade shows

D. family members

Correct : C. trade shows

38. Which of the following shows the process of creating something new?

A. Business model

B. Modeling

C. Innovation

D. Creative flexibility

Correct : C. Innovation

39. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

A. Need for independence

B. Need for achievement

C. Need for affiliation

D. Need for authority

Correct : B. Need for achievement

40. In which of the following domain; individuals take decision to help others for achieving their dreams?

A. Traditional managers

B. Entrepreneurs

C. Intrapreneurs

D. Administrative managers

Correct : C. Intrapreneurs

41. An entrepreneur is a person who is a:

A. Risk taker

B. Initiator

C. Actor

D. All of the given options

Correct : D. All of the given options

42. Which one of the following is NOT an intrapreneurial leadership characteristic?

A. Understands environment

B. Encourage the team work

C. Not flexible

D. Persistent

Correct : C. Not flexible

43. All but which of the following is considered to be a myth associated with entrepreneurship?

A. Successful entrepreneurs are born not made

B. First ventures are always successful

C. All entrepreneurs must willingly invest significant sums of money

D. Successful entrepreneurs must have a break-through invention

Correct : B. First ventures are always successful

44. A/An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

A. strategic alliance

B. corporation

C. entrepreneurship

D. proprietorship

Correct : C. entrepreneurship

45. Which of the following is not considered a common characteristic of an entrepreneur?

A. Internal locus of control

B. High need for achievement

C. Self-confidence

D. External locus of control

Correct : D. External locus of control

46. Bobby believes that what takes place within his new company is mostly the result of fate or factors that are outside of his control. It could be stated that Bobby possesses a/an ______.

A. innovative spirit

B. intrapreneurship

C. internal locus of control

D. high need for achievement

Correct : A. innovative spirit

47. Entrepreneurial Opportunities are defined as: 128

A. situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.

B. New market entry through entrepreneur action.

C. The entrepreneur's mental processes in deciding whether or not to act on a potential opportunity.

D. A feasibility assessment.

Correct : D. A feasibility assessment.

48. Which among the following aspects affects an entrepreneur's perception of feasibility?

A. Locus of control

B. Learning style

C. Perceived desirability

D. Self-efficacy

Correct : C. Perceived desirability

49. As the venture becomes established and starts growing, which of the following types of experience becomes increasingly important?

A. Technical

B. Financing

C. Managerial

D. Marketing

Correct : B. Financing

50. Intrapreneurship is best described as:

A. the hiring of former Entrepreneurs.

B. Entrepreneurial action within an organization.

C. The process of buying acquiring entrepreneurial firms.

D. The process of hiring consultants to teach a firm how to be more creative.

Correct : D. The process of hiring consultants to teach a firm how to be more creative.

51. _____ includes initiative and risk taking, as well as competitive aggressiveness and boldness.

A. New business venturing

B. Self-renewal

C. Innovativeness

D. Proactive Behavior

Correct : B. Self-renewal

52. In regards to the differences between the entrepreneurial and administrative focuses which of the following is correct?

A. Entrepreneurs focus on slow steady growth and managers’ focus on rapid growth

B. Entrepreneurs rent or sporadically use resources; managers like to own resources

C. Entrepreneurs are driven by controlled resources; managers by opportunity

D. Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach

Correct : D. Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach

53. . Entrepreneurial culture and growth orientation consists of all of the following except:

A. Encouraging employees to generate ideas.

B. Focusing on opportunities.

C. The desire to grow at a slow and controlled pace.

D. Being creative.

Correct : A. Encouraging employees to generate ideas.

54. All these are characteristics of an entrepreneurial environment except:

A. there is short term horizons.

B. new ideas are encouraged.

C. the organization operates on frontiers of technology.

D. it uses a multidiscipline teamwork approach.

Correct : B. new ideas are encouraged.

55. Which of the following is true about corporate entrepreneurship (Inrapreneurship)?

A. Equity in a new venture should not be used as a reward due to its uncertain value

B. A company must be willing to invest money without a guarantee of a return in the short term

C. Teams should be segmented by department

D. Top management should not be involved in the process.

Correct : B. A company must be willing to invest money without a guarantee of a return in the short term

56. Which of the following is a disadvantage of the 'drafting a traditional business plan' approach?

A. They do not reflect the way in which people shape their entrepreneurial visions.

B. It can be difficult to explain your vision to other people.

C. This approach lacks rigour.

D. The process involved can help an entrepreneur to improve their own understanding

Correct : A. They do not reflect the way in which people shape their entrepreneurial visions.

57. Which of the following are 'drivers' underlying the opportunity business model?

A. Societal, commercial, legal, technological, people

B. Societal, commercial, legal, technological

C. Societal, ethical, commercial, legal, technological

D. Societal, commercial, legal, technological, environmental.

Correct : B. Societal, commercial, legal, technological

58. What are the main sources of entrepreneurial opportunity?

A. Personal - entrepreneurs experience or perceive something that others do not.

B. Secondary research - from industry analyses.

C. Primary research - from speaking to potential customers to determine their needs.

D. Observation - of other peoples' experiences with products and services.

Correct : A. Personal - entrepreneurs experience or perceive something that others do not.

59. Social innovation refers to:

A. the introduction of new social practices, activities or ways of organizing.

B. the introduction of novelties; the alteration of what is established by the introduction of new elements or forms.

C. new designs, processes, marketing approaches, or a new way of conducting training.

D. the means by which entrepreneurs exploit change as an opportunity for a different business or service.

Correct : A. the introduction of new social practices, activities or ways of organizing.

60. Entrepreneurial opportunities are a particular type of opportunity, which could lead you to create a self-sustaining venture.

A. True

B. False

C. all

D. none

Correct : A. True

61. Porter also argues that much of innovation is 'dependent on a single, major technological breakthrough rather than mundane and incremental'

A. True

B. False

C. all

D. none

Correct : B. False

62. In the creativity and innovation matrix, what is a 'medium level of creativity' and a 'medium level of innovation' referred to as?

A. Winner

B. Loser

C. Mediocre

D. Average

Correct : D. Average

63. The following example of networking represents which type of activity: In an entrepreneurial setting, you might be: renewing contact with a old school friend, now working in a finance house, to provide advice or support for the venture; converting an informal contact made while on holiday into a potential client; or building a much closer relationship with a supplier, which may lead to a formal alliance or merger.

A. Creating new ties

B. Renewing and pruning existing ties

C. Developing existing ties

D. Extending existing ties

Correct : A. Creating new ties

64. _ __ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.

A. Good relations

B. Weak ties

C. Strong ties

D. Unique connections

Correct : C. Strong ties

65. What are the missing words in the following definition: 'The management of regular marketing can be characterized by a careful planning process which is informed by _ _ to guide the selection of target markets and the composition of a marketing mix with which to position products competitively within the marketplace.

A. Environmental forecasting

B. Market research

C. Product analysis

D. Customer understanding

Correct : B. Market research

66. What characterizes the techniques used in entrepreneurial marketing?

A. Mass media, passive reception, customer resistance

B. Low cost, word-of-mouth

C. Informal, personal and strongly interactive

D. Guerrilla marketing and ambush marketing

Correct : C. Informal, personal and strongly interactive

67. New entrepreneurial ventures face the same marketing opportunities and challenges, as compared to their larger and more well-established counterparts.

A. True

B. False

C. all

D. none

Correct : B. False

68. Business opportunity relates with

A. Business possibilities

B. Commercially feasible projects

C. Risky projects

D. Favourable market demand

Correct : B. Commercially feasible projects

69. Early growth stage fails to consider following symptoms.

A. Very slow

B. Perceived comfort zone

C. Very rapid

D. Rapid

Correct : D. Rapid

70. Very rapid situation indicates

A. Increase in production

B. Rapid increase in production

C. Rapid increase in sales

D. Increase in sales

Correct : D. Increase in sales

71. Enterprise positioning is meant for

A. Short-term arrangement

B. Continuous process

C. Long-term process

D. None of the above

Correct : C. Long-term process

72. Techno-economic analysis deals with identification of the

A. Supply potential

B. Demand potential

C. Export potential

D. Import potential

Correct : B. Demand potential

73. Input analysis relates with

A. Funding requirement

B. Material requirement

C. Labour requirement

D. Resource requirement

Correct : D. Resource requirement

74. General objective of selecting a location is not he following

A. Minimise the cost of production

B. Minimise the distribution cost

C. Minimise the cost of capital

D. None of the above

Correct : C. Minimise the cost of capital

75. External economies affect location

A. Generally

B. Exceptionally

C. All of the above

D. None of the above

Correct : B. Exceptionally

76. The initial stages of the entrepreneurial process are generating new business ideas (i.e. creativity and innovation) and recognizing opportunities that have the potential for exploitation (i.e. evaluation and selection).

A. True

B. False

C. all

D. none

Correct : A. True

77. Which of the following is NOT one of the definitions of 'business models' as identified in the text?

A. The system of components, linkages and associated dynamics, which that make commercial advantage of the Internet.

B. A business model describes the rationale of how an organization creates, delivers and captures value.

C. Business models identify where the resources necessary to establish a venture will come from.

D. Business models describe, as a system, how the pieces fit together.

Correct : C. Business models identify where the resources necessary to establish a venture will come from.

78. Which of the following statements is true?

A. The entrepreneurial process starts with creativity and the task of generating new ideas.

B. The creativity process starts with innovation and the task of generating new ideas.

C. The idea generation process starts with creativity and the task of innovation.

D. The innovation process starts with creativity and the task of generating new ideas.

Correct : D. The innovation process starts with creativity and the task of generating new ideas.

79. What are markets made up of?

A. Customers and competitors

B. Customers and potential customers

C. Customers, competitors and suppliers

D. Customer, competitors, suppliers and regulators

Correct : B. Customers and potential customers

80. Product development process involves

A. One stage

B. Two stage

C. Three stage

D. Four stage

Correct : D. Four stage

81. Incubation stage deals with

A. Sample development

B. Idea development

C. Prototype Development

D. None of the above

Correct : C. Prototype Development

82. Product design defines

A. Micro activities of the project

B. Macro activities of the project

C. Allied activities of the project

D. Individual activities of the project

Correct : A. Micro activities of the project

83. Feasibility study is defined as

A. Formal investigation of profitable opportunity

B. Informal investigation of profitable opportunities

C. Intensive investigation of profitable opportunities

D. None of the above

Correct : A. Formal investigation of profitable opportunity

84. Project selection is

A. Product idea is used as a basis for project idea

B. Project idea is used as a basis for product idea

C. Both are the same

D. None of the above

Correct : A. Product idea is used as a basis for project idea

85. General criteria is concerned with

A. Entrepreneur’s own interests

B. Economic development of the country

C. Business environment of the country

D. None of the above

Correct : A. Entrepreneur’s own interests

86. A(n) ________ is defined as a form of business that is an association of two or more people acting as co-owners of a business.

A. proprietorship

B. partnership

C. INC

D. corporation

Correct : B. partnership

87. Which one of the following would not be considered an advantage to a partnership formation?

A. Potential for double taxation

B. Less governmental control

C. Ease of formation

D. Direct share of profits

Correct : A. Potential for double taxation

88. Which one of the following would not be considered a disadvantage of a corporation?

A. Limited continuality of life of enterprise

B. Extensive government regulations of activities

C. High incorporation fees

D. Corporate capital, profits, dividends, and salaries are double taxed

Correct : A. Limited continuality of life of enterprise

89. Entrepreneurships require financial backing in order to get started in the business world. Which of the following is not one of the methods commonly utilized to obtain the financial resources needed?

A. Equity

B. Commercial loans

C. Personal finances provided by friends

D. Venture capitalists

Correct : D. Venture capitalists

90. Of the following, which one would not be considered an alternative to independent entrepreneurship?

A. Franchise

B. Spin-off

C. Intrapreneurship

D. Extrapreneurship

Correct : B. Spin-off

91. Of the following, which is best identified as an independent entrepreneurship that produces a product or service that originated in a large company?

A. Diversification

B. Intrapreneurship

C. Trade-off

D. Franchise

Correct : A. Diversification

92. Management tactics purported to maximize innovation for an entrepreneurship include all but which of the following items?

A. Cutting of losses

B. Culture

C. Benchmarking

D. Customer orientation

Correct : B. Culture

93. In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following?

A. Established market for the product

B. Management assistance in operating the business

C. Economies of scale for purchasing

D. Oversale of rights

Correct : A. Established market for the product

94. The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.

A. replication of an existing business

B. trade journals

C. trade shows

D. family members

Correct : A. replication of an existing business

95. The steps involved in an entrepreneurial endeavor include all but which one of the following?

A. Business plan formulation

B. Obtaining financing

C. Selecting the type of legal structure

D. Hiring a partner

Correct : D. Hiring a partner

96. Common reasons for entrepreneurial failure include all but which one of the following?

A. Poor implementation

B. Lack of capital

C. Adequate financial support

D. Faulty product design

Correct : C. Adequate financial support

97. A/An ________ is defined as the blueprint describing the business strategy for entering the

A. business alliance

B. spin-off

C. intrapreneurship

D. competitor analysis

Correct : C. intrapreneurship

98. A(n) ________ is defined as a form of business that is an association of two or more people acting as co-owners of a business.

A. proprietorship

B. partnership

C. INC

D. corporation

Correct : B. partnership

99. ______ is best described as doing something differently and has been described as discontinuous or complementary change.

A. Entrepreneurship

B. Innovation

C. Spin-off

D. Variance

Correct : B. Innovation

100. An opportunity assessment plan:

A. is the same thing as a business plan.

B. is longer than a business plan.

C. has a lot of computer-based spreadsheets.

D. focuses on the opportunity, not the venture.

Correct : D. focuses on the opportunity, not the venture.

Quiznetik

Entrepreneurship and Small Business Management | Set 1

1. Which of the following is the correct definition of the term 'entrepreneur', as used by the OECD?

2. What is the definition of the term, 'social enterprise'?

3. Intrapreneurship often takes the form of ...

4. The goals motivating entrepreneurial activity can include which of the following options:

5. Can entrepreneurship be 'learned'?

6. Which of these statements best describes the context for entrepreneurship?

7. Which statement is not true of entrepreneurs?

8. Pichot suggested three roles for the intrapreneur in promoting innovation. What are they?

9. Why is the notion of 'vision' important in entrepreneurship?

10. What are the two key issues that arise when you create an effective entrepreneurial team from scratch?

11. Establishing a shared vision amongst team members refers to:

12. What are the main differences between marketing in a 'corporate setting' and an 'entrepreneurial' one?

13. According to Schumpeter, Innovation occur in the following forms:

14. Innovative entrepreneur ensures:

15. The book “Innovation and Entrepreneurship” is written by:

16. No. of sources for innovative opportunity is given by Peter Drucker.

17. Fabian Entrepreneurs are characterized by:

18. Drone entrepreneur are those who generally

19. Systematic innovation means

20. Supply of entrepreneur depends on the

21. The 'enterprise culture' is a general interest in developing new ventures

22. Which of the following is presented as evidence of social factors influencing whether someone becomes an owner-manager?

23. Which of the following is not one of the environmental factors that may influence the potential of a small business?

24. What factors have contributed to the blurring of boundaries between different industries?

25. One of the differences between marketing in a corporate setting and an entrepreneurial one is the reliance by the entrepreneur on personal credibility and skills in persuasive communication.

26. EDP meant for developing

27. EDP is required to help

28. Following is not involved in EDP

29. EDII was developed by the

30. NIESBUD was established in

31. All but which of the following is considered to be a myth associated with entrepreneurship?

32. An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

33. For small business owners, one of the most important objectives is _______.

34. Which of the following is not considered a common characteristic of an entrepreneur?

35. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.

37. The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.

38. Which of the following shows the process of creating something new?

39. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

40. In which of the following domain; individuals take decision to help others for achieving their dreams?

41. An entrepreneur is a person who is a:

42. Which one of the following is NOT an intrapreneurial leadership characteristic?

43. All but which of the following is considered to be a myth associated with entrepreneurship?

44. A/An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

45. Which of the following is not considered a common characteristic of an entrepreneur?

46. Bobby believes that what takes place within his new company is mostly the result of fate or factors that are outside of his control. It could be stated that Bobby possesses a/an ______.

47. Entrepreneurial Opportunities are defined as: 128

48. Which among the following aspects affects an entrepreneur's perception of feasibility?

49. As the venture becomes established and starts growing, which of the following types of experience becomes increasingly important?

50. Intrapreneurship is best described as:

51. _____ includes initiative and risk taking, as well as competitive aggressiveness and boldness.

52. In regards to the differences between the entrepreneurial and administrative focuses which of the following is correct?

53. . Entrepreneurial culture and growth orientation consists of all of the following except:

54. All these are characteristics of an entrepreneurial environment except:

55. Which of the following is true about corporate entrepreneurship (Inrapreneurship)?

56. Which of the following is a disadvantage of the 'drafting a traditional business plan' approach?

57. Which of the following are 'drivers' underlying the opportunity business model?

58. What are the main sources of entrepreneurial opportunity?

59. Social innovation refers to:

60. Entrepreneurial opportunities are a particular type of opportunity, which could lead you to create a self-sustaining venture.

61. Porter also argues that much of innovation is 'dependent on a single, major technological breakthrough rather than mundane and incremental'

62. In the creativity and innovation matrix, what is a 'medium level of creativity' and a 'medium level of innovation' referred to as?

64. _________ __________ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.

66. What characterizes the techniques used in entrepreneurial marketing?

67. New entrepreneurial ventures face the same marketing opportunities and challenges, as compared to their larger and more well-established counterparts.

68. Business opportunity relates with

69. Early growth stage fails to consider following symptoms.

70. Very rapid situation indicates

71. Enterprise positioning is meant for

72. Techno-economic analysis deals with identification of the

73. Input analysis relates with

74. General objective of selecting a location is not he following

75. External economies affect location

76. The initial stages of the entrepreneurial process are generating new business ideas (i.e. creativity and innovation) and recognizing opportunities that have the potential for exploitation (i.e. evaluation and selection).

77. Which of the following is NOT one of the definitions of 'business models' as identified in the text?

78. Which of the following statements is true?

79. What are markets made up of?

80. Product development process involves

81. Incubation stage deals with

64. _ __ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.