CHAPTER 1

What are the CORRECT elements in new venture creation's framework?

I. Individual

II. Organization

III. Environment

IV. Procedure

• I, II and III

• I, II and IV

• II, III and IV

• I, II, III and IV

What is the correct sequence for stages of personal growth?

• Independent, Interdependent and Continuous Improvements

• Independent, Interdependence and Continuous Improvements

• Independence, Interdependent and Continuous Improvements

• Independence, Interdependence and Continuous Improvements

Choose the CORRECT other management competencies.

I. Law and taxes

II. Marketing

III. Information and technology

IV. Finance

• I, II and III

• I, II and IV

• II, III and IV

• I, II, III and IV

What are the CORRECT elements of Timmons Model?

• Opportunity, Resources and Leadership

• Communication, Resources and Leadership

• Opportunity, Resources and Team

• Opportunity, Creativity and Team

Implement the decision is the fourth step in the ethical decision making process.

• False

• True

"An atmosphere of caring, and positive problem solving" is emphasized in stage 2 of personal growth. Which component of stage 2, the statement falls under?

• Synergize

• Think win-win

• Seek first to understand, then to be understood

• Begin with the end in mind

A good entrepreneur is usually not a good manager, since he or she lacks the necessary ______________________________.

Choose the CORRECT fundamental principles for ethical policy making.

I. Sincerity

II. Persistence

III. Perspective

IV. Purpose

• I and II

• I, II and III

• i, II, III and IV

• II, III and IV

Dynamic entrepreneurial process is _____________ and holistic.

There are six steps in entrepreneurial process.

• True

• False