NEW
Font size
WorksheetsTRY IT, LEARN IT!
Total questions: 10
Worksheet time: 5mins
1) Which of the following is NOT TRUE about the influential factors of identifying opportunities?
a. Cognition
b. Prior Knowledge
c. People’s Choice
d. Environmental Condition
2) In some cases, the opportunity can occur due to the entrepreneur’s special skills and resources, even though he/she is not actively looking for the opportunities. This situation is known as opportunity occurrence.
a. True
b. False
3) “An opportunity is a chance to meet a market need by using a creative combination of resources” is a theory by ……………….
a. Schumpter
b. Kirzner
c. Eckhardt & Shane
d. Ardichvili
4) There are three roles of opportunities in entrepreneurship such as organization, communities, and individuals.
a. True
b. False
5) What is the meaning of Opportunity Identification?
a. Statement of ethical practices or guidelines to which an enterprise adheres
b. A business arrangement in which the manufacturer of a product grants permission to a group or individual to manufacture that product in return for specified royalties or other payments.
c. The ability to recognize a viable business opportunity within a variety of good ideas
d. An amount owed to a creditor for a line of credit or for capitalization of the business
6) ‘Evaluation of the information’ is one of the opportunity identifications.
a. True
b. False
7) Among the following are factors in entrepreneurial success except,
a. Timing
a. Social content
c. Be tolerant
d. Belief in self and ability
8) Among the elements of EM (entrepreneurial motivation) are motive, behavior and hardworking.
a. True
b. False
9) Opportunity discovery takes place when the opportunity objectively exists. It is also known as active-objective9
a. True
b. False
10) Rearrange the process of opportunity identification.
i. Search of information
ii. Construction of the opportunity
iii. Evaluation of the information
iv. Entrepreneurial alert
v. Exploitation
a. i,ii,iii,v,iv
b. v,ii,iv,iii,i
c. iv,i,iii,ii,v
d. v,vi,iii,ii,
