1ST QUIZ ENTREPRENEURIAL MANAGEMENT

Does every

entrepreneur need a business plan to succeed? Yes or No

Entrepreneurs are extreme risk-takers.

(True or False)

Entrepreneurship is not predictable and, therefore, cannot adequately be

taught as a process. (True or False)

Entrepreneurs have a special set of personality traits. (True or False)

Entrepreneurship is not reserved for startups

If the business is successful, the startup does not remain a startup. It can

develop into an organization in its own right, be merged with another

organization, or be bought or acquired by another company.

(True or False)

Procrastination is a good study habit ( Yes or No)

Being an Entrepreneur (choose 2)

• Makes you rich right away

• Accept education and insight from your mistake

• Success never tasted so good

• Finding your dream is easy

The process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker.

• Innovation

• Forecasting

• Decision Making

• Success

• Independency

The process of making predictions of the future based on past and present data and most commonly by analysis of trends.

• Innovation

• Forecasting

• Decision Making

• Success

• Implementation

The realization of an application, or execution of a plan, idea, model, design, specification, standard, algorithm, or policy.

• Innovation

• Forecasting

• Decision Making

• Success

• Implementation