Quiz on Entrepreneurship

Which of these is not a type of entrepreneurship?

• Small business entrepreneurship

• Corporate entrepreneurship

• Scalable entrepreneurship

• Large scale entrepreneurship

Which of these actions of an entrepreneur will most likely result in creative destruction?

• Acquiring a competitor’s business

• Lowering prices of your product

• Developing a new product

• Issuing shares to individuals

According to Schumpeter, innovative entrepreneurs would:

• Become non-innovative

• Thrive in the market

• Not survive and disappear

• Get absorbed within larger businesses

Which of these is not a challenge for the entrepreneur?

• Choosing products to sell

• Formulating regulations

• Recruiting employees

• Managing cash flow

Which of these theories involve taking a moderate amount of risk as a function of skill?

• Need for authority

• Need for affiliation

• Need for achievement

• Need for independence

Which of these is not a category of external forces that affects a business?

• Competitive forces

• Cultural forces

• Technological forces

• Economic forces

Which among these is a money manager involved in making risk investments?

• Businessperson

• Venture capitalist

• Entrepreneur

• Investor

Andrew Carnegie belonged to which century?

• 20th to 21st Century

• 19th to 20th Century

• 16th to 17th Century

• 17th to 18th Century

What is the first activity of a new business?

• Business skill development

• Goal Orientation

• Departure point

• Market analysis

Who should be involved in preparing a firm’s business plan?

• Accountant

• Consultant

• Engineer

• Entrepreneur