Entrepreneurship & E-Business Pretest

Why should an entrepreneur do a feasibility study for starting a new venture:

• To identify possible sources of funds

• To see if there are possible barriers to success

• To estimate the expected sales

• To explore potential customers

An individual who initiates, creates and manages a new business can be called _____________.

• A leader

• A manager

• A professional

• An entrepreneur

Seed capital assistance is ___________.

• A long-term assistance.

• A help for the purchase of seeds.

• Initial assistance

• A short-term assistance

_____________ is a graphical representation of the various activity and event relating to a project.

• Network

• Scheduling technique.

• Logical Model.

• Network Diagram

The time period between placing an order its receipt in stock is known as:

• Lead time

• Carrying time

• Shortage time

• Over time

Which of the following is a financial asset?

• Inventories

• Accounts receivable

• Equipment

• Loan to an associate

Person who works within an organization and having entrepreneurial capabilities is:

• entrepreneur

• intrapreneur

• manager

• chief executive.

----- reviews and approves the guidelines for running a  corporation,  known as corporate governance policies.

• The investors

• The shareholders

• The board of directors

• The management team

As the venture gets established and growing, ---- experience is very improtant.

• Technical

• Financial

• Managerial

• Marketing

Which of the following is not a personal characteristic often found in entrepreneurs?

• Self-Confident 

• Independent-minded

• Follower

• Perceptive