Surprise Quiz 2 - Engineering Project

A small-scale entrepreneur is______________.

• A formal-sector entrepreneur with 16 to 50 employees

• A formal-sector entrepreneur with 11 to 49 employees

• A formal-sector entrepreneur with 11 to 50 employees

• A formal-sector entrepreneur with 16 to 49 employees

______________ is the possible financing options become a popular choice for entrepreneurs.

• Angel investor

• Credit cards

• Venture capitalist

• Public offerings

_______________ actions by an entrepreneur are most likely to contribute to creative destruction.

• Development of a new product

• Take-over of a competitor

• Issuing shares

• Development of a old product with some changes

______________ shows the process of creating something new.

• Innovation

• Business model

• Modelling

• Creative flexibility

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

• A leader

• A Manager

• An Entrepreneur

• A Professional

Trademarks relate to _______.

• Practice and knowledge acquired through experience

• The protection of proprietary information of commercial value

• The right to reproduce ones own original work

• Brand Identity

A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________.

• A cooperative

• A franchise

• An owner-manager business

• A limited company

The use of informal networks by entrepreneurs to gather information is known as _______.

• Secondary research.

• Entrepreneurial networking

• Informal parameters

• Marketing

In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product.

• Factory Layout

• Product Layout

• Process Layout

• Combined Layout

To provide financial assistance to entrepreneurs the government has set up a number of___________.

• Financial advisors

• Financial intermediaries

• Industrial estates

• Financial institutions