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CHAPTER 1

Total questions: 10

Worksheet time: 11mins

Name
Class
Date
1.

What are the CORRECT elements in new venture creation's framework?


I. Individual

II. Organization

III. Environment

IV. Procedure

a)

I, II and III

b)

I, II and IV

c)

II, III and IV

d)

I, II, III and IV

2.

What is the correct sequence for stages of personal growth?

a)

Independent, Interdependent and Continuous Improvements

b)

Independent, Interdependence and Continuous Improvements

c)

Independence, Interdependent and Continuous Improvements

d)

Independence, Interdependence and Continuous Improvements

3.

Choose the CORRECT other management competencies.


I. Law and taxes

II. Marketing

III. Information and technology

IV. Finance

a)

I, II and III

b)

I, II and IV

c)

II, III and IV

d)

I, II, III and IV

4.

What are the CORRECT elements of Timmons Model?

a)

Opportunity, Resources and Leadership

b)

Communication, Resources and Leadership

c)

Opportunity, Resources and Team

d)

Opportunity, Creativity and Team

5.

Implement the decision is the fourth step in the ethical decision making process.

a)

False

b)

True

6.

"An atmosphere of caring, and positive problem solving" is emphasized in stage 2 of personal growth. Which component of stage 2, the statement falls under?

a)

Synergize

b)

Think win-win

c)

Seek first to understand, then to be understood

d)

Begin with the end in mind

7.

A good entrepreneur is usually not a good manager, since he or she lacks the necessary (a)   .

8.

Choose the CORRECT fundamental principles for ethical policy making.


I. Sincerity

II. Persistence

III. Perspective

IV. Purpose

a)

I and II

b)

I, II and III

c)

i, II, III and IV

d)

II, III and IV

9.

Dynamic entrepreneurial process is (a)   and holistic.

10.

There are six steps in entrepreneurial process.

a)

True

b)

False