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WorksheetsTEST 1 ENTREPRENEURSHIP ONLINE
Total questions: 40
Worksheet time: 49mins
What is meaning of Entrepreneur
People who take on the risk
People who knowing the risk
People who giving the risk
People who have a risk
Definition of Entrepreneurship
Process by company pursue opportunities
Process by organization pursue opportunities
Process by which groups pursue opportunities
Process by which individuals pursue opportunities
The position of a firm on this continuum is referred to as its ______________________
entrepreneurial creativity
entrepreneurial intensity
entrepreneurial innovation
entrepreneurial effective
Why do people become Entrepreneurs?
to start their own development
to start their own talent
to start their own firms
to start their own orgnization
Being one's own boss _______________
they had a long time ambition to own their own firm
they had a risk and innovation to own their own firm
they had a short time ambition to own their own firm
they had a visualize ambition to own their own firm
DeFeudis remarked "i always wanted to be my own boss. I felt confined by the corporate structure. I found it frustrating and a complete waste of time - a waste to __________
sell my creativity to multiple people and attend all kinds of internal meetings before moving forward with a concept.
sell my effective to multiple people and attend all kinds of internal meetings before moving forward with a concept.
sell my ideas to multiple people and attend all kinds of internal meetings before moving forward with a concept.
sell my innovation to multiple people and attend all kinds of internal meetings before moving forward with a concept.
Pursue their own ideas means ______________
they alert ideas for new products or services
they build up ideas for new products or services
they make a research for new products or services
they recognize ideas for new products or services
Pursue Financial Rewards means ___________
Making a profit and increasing the value of a company is a solidifying goal that people can rally around.
Making an investment and decreasing the value of a company is a solidifying goal that people can rally around.
Making a selling and increasing the development of a company is a solidifying goal that people can rally around.
Making a profit and decreasing the development of a company is a solidifying goal that people can rally around.
One of the most satisfying things about an entrepreneurial career is _____________
bringing people to life that enhance organization live
bringing company to marketable that enhance people's live
bringing products to life that enhance people's live
bringing people to life that enhance company live
The number one characteristic shared by successful entrepreneurs is a _______________
passion for their company
passion for their business
passion for their objective
passion for their organization
Commonly, entrepreneurs work longer hours than people with traditional jobs. You can only do that on a sustained basis if you're passionate about what you're doing.
A strengthen to work harder for an extended period of time
A willingness to work harder for a follow the vision
A strengthen to work harder for a follow the vision
A willingness to work harder for an extended period of time
A second defining characteristic of successful entrepreneur is a _____________________
creativity and innovation
product or services
product or customer focus
Customer intention
_______________ because entrepreneurs are typically try something new, the possibility of failure exists.
Passion for the business
Product/ customer focus
Execution intelligence
Tenacity Despite Failure
The ability to fashion a solid idea into a viable business is a key characteristic of successful entrepreneur. Commonly, this ability is though of as ______________
Execution Intelligence
Product/ customer focus
Tenacity despite failure
Passion for the business
Entrepreneur is that they are gamblers and take big risks. Entrepreneurs are usually ___________________
simple risk taker.
low risk taker.
moderate risk taker.
high risk taker.
_______________ provide their own or owners the opportunity to pursue a particular lifestyle and earn a living while doing so.
Environment firm
Salary-substitute firms
Entrepreneurial firms
Lifestyle firms
________________ because new products and technologies are typically better than those they replace and the availability of improved products and technologies increase consumer demand.
Entrepreneurial destruction
Organization destruction
Creative destruction
Innovation destruction
There are _____ steps for entrepreneurial process
4
3
5
6
Decision to become an entrepreneur
Step 3
Step 4
Step 1
step 6
Moving from an idea to an entrepreneurial firm
Step 1
Step 3
Step 4
Step 6
Managing and growing an entrepreneurial firm
Step 3
Step 6
Step 5
Step 4
_____________ is its plan or recipe for how it creates, delivers, and captures value for it's stakeholder.
Business plan
Business model
Business strategic
Business management
__________ is a written document that describes all the aspects of a business venture in a concise manner.
Business Model
Business Plan
Business Strategic
Business Strategy
_________________ is the process by which individuals pursue opportunities without regard to resources they currently control
Entrepreneurial
Entrepreneur
Entrepreneurship
Entreprenedure
______________ is a favorable set of circumstances that creates a need for a new product, service, or business.
Opportunity
Demand
Efficiency
Entrepreneurship
______________ is a favorable set of circumstances that creates a need for a new product, service or business.
Entrepreneurial
Ideas
Opportunity
Entrepreneur
There are three approaches entrepreneurs use to identify an opportunity their new venture can choose to pursue. The three approach are:
Observing Trends, Solving a Problem, Finding Gaps in the Marketplace and feedback
Observing Trends, Solving a Problem and Finding Gaps in the Marketplace
Observing Trends, Solving a Problem and Feedback
Observing Trends, Finding Gaps in the Marketplace and Solution
____________________ help to determine areas that are ripe for new business ideas, as well as areas to avoid
Economic Forces
Technology Forces
Political Forces
Environment Forces
Understanding of the impact of ____________ on trends and how they affect new product, service, and business ideas is a fundamental piece of the opportunity recognition puzzle.
Economic Trends
Social Trends
Technology Trends
Political Trends
Problems can be recognized by observing the challenges that people encounter in their daily lives and through more simple means, such as intuition, serendipity or chance. This is explain about ________________
Solving a Problem
Observing the issues
Feedback a problem
Observing the opportunity
Researcher have identified several characteristics that tend to make some people better at recognizing opportunities than others. ____________ refer to the process of perceiving the possibility of a profitable new business or a new product or service.
Entrepreneur recognition
Innovation recognition
Demand recognition
Opportunity recognition
Creativity is the ____________________________
process of generating a novel or useful data.
process of transformation of novel or useful idea.
process of generating a novel or useful idea.
process of transformation of novel or useful data.
Below are 5 steps to generating creative ideas except:
Feedback
Preparation
Evaluation
Elaboration
______________ is the stage during which a person considers an idea or thinks about a problem.
Evaluation
Preparation
Incubation
Feedback
__________ is the flash of recognition when the solution to a problem is seen or an idea is born
Elaboration
Evaluation
Incubation
Insigh
Entrepreneurs identify more ideas than opportunities because ______________________________.
many data are typically transform to find the best way to capitalize on company.
many ideas are typically generated to find the best way to capitalize on an opportunity.
many ideas are typically transform to find the best way to generalize on company.
many data are typically generated to find the best way to generalize on an opportunity.
A common way to generate new business ideas is through ______________.
brainstorming
focus group
library
internet research
______________ is a gathering of 5 to 10 people who are selected because of their relationship to the issues being discussed.
brainstorming
library
focus group
internet research
Observing trends, solving a problem and finding gaps in the marketplace are the three general approaches entrepreneurs use to ______________________
identify business opportunity
identify company opportunity
identify business entrepreneur
identify company entrepreneur
Once an opportunity is recognized, a window opens, and the market to _________________.
fill the entrepreneur growth
fill the innovation growth
fill the opportunity growth
fill the demand growth
