Entrepreneurial Management Midterm Examination

Entrepreneurial Management Midterm Examination

University

30 Qs

quiz-placeholder

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Entrepreneurial Management Midterm Examination

Entrepreneurial Management Midterm Examination

Assessment

Quiz

Business

University

Medium

Created by

Christian Wilfred Morales

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: In today's global environment, an entrepreneur has the ability to influence the local landscape. II: High rates of population are located in rural areas. III: The managerial approach of an entrepreneur is characterized by adaptability rather than innovation. IV: The executive summary is an outline of the main body of the business plan and resembles a table of contents.

Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

2.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: A unique service needs an effective distribution strategy to get suppliers into demand. II: Priorities should be set for refocusing entrepreneurial attention on metropolitan regions and for creating new businesses that will boost our economy. III: An enterprise ceases whenever an individual takes the risk and invest resources to make something new of unique. IV: Being an entrepreneur is a calling that everyone should undertake.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

3.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: The managerial approach of an entrepreneur is characterized by adaptability rather than innovation. II: An entrepreneur is a visionary who perceived inherent threats in the exchange of goods. III: Marketing environment is identified by the entrepreneur and marshals resources to pursue existing risk and makes immediate action. IV: Exploitation of opportunities available at entrepreneur’s disposal shouldn’t be one of priorities.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

4.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: A manager is considered as an innovator since the manager employs discipline and methodological approach in solving problems II: An entrepreneur is considered as an adapter since entrepreneurs discovers problem with unique solutions. III: Real entrepreneur is an individual with drive for expansion and growth while driving away from profit achievement and resource exploitation. IV: Retail outlets need a site that is convenient with supplies.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

5.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: An entrepreneur develop dependency on existing operation of the enterprise as he takes the lead in all activities of the organization. II: The elimination of risk can be achieved through the use of SWOT analysis. III: Entrepreneurs create an environment in which failure is uncontrollable. IV: The primary motivation for entrepreneurs is personal gain rather than the satisfaction of customer needs.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

6.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: Forecasting environmental risk is an antidote to future business risk. II: Every business plan should begin with a statement of purpose. III: The cost of rent is a regular annual expense and must be sustained with possible income that may or may not be generated. IV: Business capital for expansion, except from savings, can come from any other sources.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

7.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

I: Identifying your target customer is an important purpose of your business plan. II: Success in entrepreneurial activity is based on the external compulsion to achieved overrated difficulties. III: Personal communication and networks must be the banner in negotiations and effective personal communication is the key in opening business deals. IV: Ability to manage people and resources means the manner on which the physical and material resources outside the entrepreneur’s disposal is being utilized.
Only I and III are true.

All are True.

Only II and IV are true.
Only II and III are true.
None are true.

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