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Entrepreneurship Concepts Worksheet

Total questions: 50

Worksheet time: 25hrs 0mins

Name
Class
Date
1.

Who introduces new ideas and products to meet market needs?

a)

Imitative Entrepreneur

b)

Drone Entrepreneur

c)

Innovative Entrepreneur

d)

Fabian Entrepreneur

2.

An entrepreneur who copies or improves existing ideas is called a:

a)

Imitative/Adoptive Entrepreneur

b)

Fabian Entrepreneur

c)

Drone Entrepreneur

d)

Visionary Entrepreneur

3.

Which type of entrepreneur is skeptical and slow to adopt change?

a)

Innovative

b)

Drone

c)

Fabian

d)

Improver

4.

Entrepreneurs who completely resist change are known as:

a)

Drone Entrepreneurs

b)

Fabian Entrepreneurs

c)

Imitative Entrepreneurs

d)

Service Entrepreneurs

5.

The "Prime Mover" type of entrepreneur:

a)

Expands existing ventures

b)

Creates entirely new ventures

c)

Depends on large firms

d)

Focuses only on local markets

6.

Which type of entrepreneur runs existing ventures efficiently?

a)

Minor Innovator

b)

Manager

c)

Satellite

d)

Prime Mover

7.

Entrepreneurs who introduce small-scale innovations are called:

a)

Minor Innovators

b)

Prime Movers

c)

Managers

d)

Satellites

8.

The Satellite entrepreneur is:

a)

Independent innovator

b)

Dependent on larger firms

c)

Focused on foreign markets

d)

Self-employed

9.

Entrepreneurs focusing on local markets are termed:

a)

Global

b)

Local Trading Entrepreneurs

c)

Satellite

d)

Prime Mover

10.

Entrepreneurs who produce tangible goods belong to which category?

a)

Retailing

b)

Manufacturing

c)

Service

d)

Wholesaling

11.

Entrepreneurs who distribute products in bulk are known as:

a)

Retailing

b)

Manufacturing

c)

Wholesaling

d)

Service

12.

Selling directly to consumers is the main function of:

a)

Wholesaling Entrepreneurs

b)

Retailing Entrepreneurs

c)

Service Entrepreneurs

d)

Manufacturing Entrepreneurs

13.

A person offering intangible value to customers is called a:

a)

Manufacturing Entrepreneur

b)

Retailing Entrepreneur

c)

Service Entrepreneur

d)

Wholesaling Entrepreneur

14.

Anita Roddick (The Body Shop) represents which personality type?

a)

Improver

b)

Artist

c)

Fireball

d)

Hero

15.

John W. Nordstrom is best known as which personality type?

a)

Visionary

b)

Advisor

c)

Hero

d)

Analyst

16.

Donald Trump represents which entrepreneurial personality?

a)

Superstar

b)

Artist

c)

Analyst

d)

Healer

17.

Scott Adams (creator of Dilbert) represents:

a)

Analyst

b)

Artist

18.

Bill Gates is an example of a:

a)

Visionary

b)

Fireball

c)

Analyst

d)

Advisor

19.

Gordon Moore (Intel) is known as an:

a)

Healer

b)

Analyst

c)

Fireball

d)

Hero

20.

Malcolm Forbes represents which personality type?

a)

Fireball

b)

Improver

c)

Healer

d)

Advisor

21.

Jack Welch is a:

a)

Visionary

b)

Hero

c)

Analyst

d)

Artist

22.

Ben Cohen of Ben & Jerry’s represents a:

a)

Fireball

b)

Healer

c)

Analyst

d)

Advisor

23.

Which school of entrepreneurial thought stresses intuition and sixth sense?

a)

Great Person School

b)

Psychological School

c)

Classical School

d)

Management School

24.

The school focusing on mental frameworks and values is:

a)

Psychological School

b)

Classical School

c)

Leadership School

d)

Management School

25.

Innovation as a key entrepreneurial function belongs to:

a)

Leadership School

b)

Classical School

c)

Psychological School

d)

Great Person School

26.

Which school views entrepreneurship through venture management?

a)

Management School

b)

Classical School

c)

Intrapreneurship School

d)

Leadership School

27.

Motivation and adaptability are central to which school?

a)

Leadership School

b)

Management School

c)

Classical School

d)

Psychological School

28.

Entrepreneurship within organizations is promoted by:

a)

Intrapreneurship School

b)

Classical School

c)

Leadership School

d)

Psychological School

29.

“Entrepreneurs are born, not made” is a:

a)

Truth

b)

Myth

c)

Fact

d)

Principle

30.

“All you need is money or luck” — This statement is a:

a)

Fact

b)

Myth

c)

Strategy

d)

Belief

31.

The myth “Having no boss is fun” hides which reality?

a)

Entrepreneurs face more responsibility

b)

Entrepreneurs work fewer hours

c)

Entrepreneurs rely on luck

d)

Entrepreneurs avoid stress

32.

Which model focuses on individual traits and mindset?

a)

Sociological

b)

Integrated

c)

Psychological

d)

Developmental

33.

The sociological model emphasizes:

a)

Traits

b)

Networks and social context

c)

Economic growth

d)

Innovation

34.

Combining multiple perspectives is part of the:

4 lines
35.

The first stage of entrepreneurial development is:

a)

Promotion

b)

Stimulation

c)

Identification

d)

Follow-up

36.

Recognizing opportunities occurs in which stage?

a)

Development

b)

Identification

c)

Promotion

d)

Follow-up

37.

Skill-building happens during the ______ stage.

a)

Development

b)

Stimulation

c)

Identification

d)

Follow-up

38.

Launching the venture takes place in:

a)

Promotion

b)

Development

c)

Follow-up

d)

Identification

39.

Ongoing support and refinement occur in:

a)

Follow-up

b)

Development

c)

Stimulation

d)

Promotion

40.

Lack of materials and funds are examples of:

a)

Social Barriers

b)

Personal Barriers

c)

Environmental Barriers

d)

Psychological Barriers

41.

Low motivation and confidence represent:

a)

Environmental Barriers

b)

Personal Barriers

c)

Social Barriers

d)

Financial Barriers

42.

Customs and traditions that hinder entrepreneurship are:

a)

Economic Barriers

b)

Environmental Barriers

c)

Social Barriers

d)

Personal Barriers

43.

Women entrepreneurs face which unique challenge?

a)

Easy access to funds

b)

Limited mobility

c)

High social status

d)

Lack of creativity

44.

Which is NOT a key challenge for entrepreneurs?

a)

Decision-making pressure

b)

Vision clarity

c)

Teamwork coordination

d)

Unlimited resources

45.

Which is a core competency of entrepreneurs?

a)

Fear of risk

b)

Leadership ability

c)

Dependence on others

d)

Lack of confidence

46.

Self-confidence, innovation, and courage indicate:

a)

Core Competencies

b)

Social Barriers

c)

Environmental Challenges

d)

Leadership School

47.

Training and advisory services help in:

a)

Capacity Building

b)

Financial Barriers

c)

Myths of Entrepreneurship

d)

Intrapreneurship

48.

Which factor improves access to markets?

a)

Personal Barrier

b)

Capacity Building

c)

Psychological Model

d)

Classical School

49.

“A great idea guarantees success” is:

a)

A truth

b)

A myth

c)

A management rule

d)

A development model

50.

Which school emphasizes teamwork and adaptability?

a)

Leadership School

b)

Classical School

c)

Psychological School

d)

Great Person School

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