Entrepreneurial Management Chapter 1

Statement 1: Revenue is the result of accomplishment.

Statement 2: Achievements are the driving force that keep an entrepreneur awake for more opportunities

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: The development of feedback mechanism is an optional factor in the development of successful business.

Statement 2: Questionnaires are factors for analysis and decision making.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Innovativeness and creativity has inverse relationship with power to makes decisions.

Statement 2: Awareness of developing new markets creates new things that satisfy customer's needs and wants.

• Both are true.

• Both are false

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Achievements are the ego of people with the inner desire for independence.

Statement 2: Most entrepreneur desires a strong level of dependence.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: The dreamer entrepreneur could not stop working until he finds solutions to hos perceived idea.

Statement 2: The entrepreneur does not have one-track mind.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Sacrifice to personal pleasure is dispensable in the quest for ideal set up of business enterprise.

Statement 2: Successful entrepreneurs both local and abroad is made by known school of management.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Knowledge of financial statements is necessary as an entrepreneur.

Statement 2: Control procedure development is needed in approving expenditures.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Opportunities for business expansion is possible under any circumstances of management.

Statement 2: People are considered as assets in the business ventures.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.

Statement 1: Only trust somebody who own the ideals and aspiration of the enterprise.

Statement 2: Improving efficiency and effectiveness will create more space for growth and development.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is false.

Statement 1: An individual can only attain success in entrepreneurial activity when he or she starts his or her own business and release himself or herself from the status of an employee.

Statement 2: Entrepreneurs may start as an employee only to gain experience and education.

• Both are true.

• Both are false.

• Only Statement 1 is true.

• Only Statement 2 is true.