mng_quiz_1_by_mayank

Entrepreneurship is best defined as:

• The process of starting a new business

• The capacity and willingness to develop, organize, and manage a business venture along with any of its risks

• Becoming self-employed and avoiding employment in established firms

• Focusing exclusively on profit maximization

Which of the following is NOT a characteristic of an entrepreneur?

• a) Risk-taking

• b) Innovation

• c) Risk-aversion

• d) Leadership

The economic factor that affects entrepreneurship is:

• Family background

• Capital availability

• Religious beliefs

• Cultural attitudes

Which of the following is a social factor affecting entrepreneurship?

• Taxation policies

• Cultural attitudes towards entrepreneurship

• Interest rates

• Government regulations

The significance of entrepreneurship for an economy includes:

• Increasing unemployment

• Economic growth and job creation

Which of the following is NOT a political factor affecting entrepreneurship?

• Political stability

• Government policies

• Family background

• Taxation

The term 'intrapreneur' refers to:

• An entrepreneur who operates internationally

• An entrepreneur who works within an established organization

• An entrepreneur who focuses on social causes

• An entrepreneur who has inherited a business

The primary significance of entrepreneurship in developing economies is:

• Increasing government control

• Creating job opportunities

• Reducing innovation

• Promoting imports

Which of the following is NOT a psychological factor affecting entrepreneurship?

• Need for achievement

• Locus of control

• Taxation policies

• Risk-taking propensity

According to Joseph Schumpeter, entrepreneurs are primarily:

• Risk-takers

• Innovators

• Managers

• Investors