Institutional Assistance of Business MCQ Part 3
1. An incubator is:
a. A government agency that advises and assists small businesses.
b. A program through which private investment companies licensed by the S.B.A. lend
money to small businesses.
c. A center that offers new businesses low-cost offices with basic business services.
d. A specific geographic area to which governments try to attract private businesses by a
variety of means.
2. Indrayani Jungle wants to start a small business importing some products from her native
Kenya. Before she starts, some good advice to Indrayani would be:
a. talk to others who have been or are in the import business.
b. get a loan right away.
c. find a business to buy as soon as possible.
d. incorporate immediately.
3. A business plan for a new business does not need to include:
a. a marketing plan.
b. a discussion of the purpose of the business.
c. a description of the company background.
d. the name of the lending bank.
4. The primary concerns when first starting your business are:
a. marketing and accounting.
b. planning and human resources.
c. financing and planning.
d. financing and marketing.
5. What are the primary sources of funding for entrepreneurs?
a. personal savings and individual investors
b. finance companies and banks
c. the Small Business Administration and banks
d. former employers and the Economic Development Authority
6. Kylie is employed by Street Wheels, a large corporation that produces accessories for scooters,
bicycles, and other children's vehicles. She is a creative force within the company and has
helped launch several new successful products. Kylie is a/an
____________________________.
a. Intrapreneur.
b. Partner
c. Entrepreneur
d. Owner
7. Babba, a licensed real estate broker, received notification that his application for a business
loan was denied. The bank refused his request because he failed to provide a blueprint
identifying the intended target market and competitive strategy. In order secure a bank loan
Babba evidently needs a:
A) bankruptcy lawyer.
B) business plan.
C) venture capitalist.
D) loan advocate.
8. As a ________ Ronnie searches for firms in need of additional funding to achieve their goals.
In return for his investment, Ronnie becomes a part owner in the business. Ronnie operates as
a(n):
A) investment analyst.
B) venture capitalist.
C) corporate raider. D) securities trader.
9. The resistance of employees in an organization against flexibility, growth, and diversification
can be overcome by developing:
a.Entrepreneurship
b.Intrapreneurship
c.Managerial domain
d.Administrative domain
9. Which one of the following is a barrier to new product creation and development?
a.Trial and error
b.Opportunity parameter
c.Opportunity cost
d.Intrapreneurship culture
10. Factors contribute to the creation of new venture EXCEPT:
a.Government
b.Finance
c High interest rates
d.Role models
11. Which one of the following is the process of entrepreneurs developing new products that over
time make current products obsolete?
a.Creative destruction
b.New business model
c.Anatomization
d.None of the given options