CS 422 Q2 YB

Question 1

Entrepreneurs come under which category?

Accepted Answer

Those who make things happen

Question 2

Which of the following describes an Entrepreneur?

Accepted Answer

All of the above: Possession of new venture, Ability to see and evaluate opportunities, Independent thinker

Question 3

Why do we need entrepreneurs in the economy?

Accepted Answer

All of the above: Enhance competition, Accelerate economic development, Create jobs

Question 4

Which view associates entrepreneur as a risk taker?

Accepted Answer

All of the above: Moral qualities, Introduction of product, Success strategies

Question 5

Which is a factor of entrepreneurial success?

Accepted Answer

All of the above: Downsizing, Government incentives, Internet

Question 6

Term associated with Entrepreneur

Accepted Answer

All of the above: Vision, Management, Innovator

Question 7

Major critical success factors for small business

Accepted Answer

All of the above: Leadership, Marketing, Money

Question 8

Term associated with Manager

Accepted Answer

All of the above: Creates, Maintains, Develops

Question 9

Reaching right audience with right product, price, and channel refers to

Accepted Answer

All of the above: Advertising, Marketing, Sales

Question 10

Components of human factor in entrepreneurial success

Accepted Answer

All of the above: Wrong man, Team, Partner

Question 11

Term associated with Leader

Accepted Answer

All of the above: Inspires, Relies on control, Builds

Question 12

Why do Startups fail?

Accepted Answer

All of the above: Fail to deliver, Learning experience, Continuous learning

Question 13

Attribute of Manager

Accepted Answer

All of the above: Sees problems, Sees opportunities, Sees future

Question 14

Attribute of Entrepreneur

Accepted Answer

All of the above: Pursues deviant pursuits, Determined but patient, Converts situation into opportunity

Question 15

Entrepreneurial behavior

Accepted Answer

All of the above: Taking initiatives, Networking, Solving problems creatively

Question 16

Entrepreneur overseeing ongoing business is called

Accepted Answer

Administrative Entrepreneur

Question 17

Person with technical skills but limited business knowledge

Accepted Answer

Technician Entrepreneur

Question 18

Person escaping undesirable situation

Accepted Answer

Franchise Entrepreneur

Question 19

Factors affecting entrepreneurial growth

Accepted Answer

All of the above: Economic, Political, Social

Question 20

Fear of failure can be addressed by

Accepted Answer

All of the above: No shame policy, Talk with like-minded persons, Question the fear

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