Entrepreneurship Management 1. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
Need for independence Need for achievement Need for affiliation Need for authority View answer Correct answer: (B)
2. Foundation companies are formed from:
Fashion Research and development Most popular business winding up company View answer Correct answer: (B)
3. All of the following are the broad categories of External forces EXCEPT:
Economic forces S Socioeconomic forces Technological forces Competitive forces View answer Correct answer: (B)
4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
venture capitalist entrepreneur businessman buyer View answer Correct answer: (A)
5. Members of distribution channels are excellent sources for new ideas because:
They are familiar with the needs of the market They earn a handsome profit from new business They do not bother if entrepreneur bears a loss They have well-developed sales force View answer Correct answer: (A)
6. Which of the following geographical area is having least interest to U.S. entrepreneurs?
Europe The Far East Central Asia Transition economies View answer Correct answer: (C)
7. Andrew Carnegie is an example of entrepreneur of which century:
Earliest period 19th and 20th century Middle ages 17th century View answer Correct answer: (B)
8. The activity which occurs when the new venture is started are called:
Business skills Motivation Departure point Goal orientation View answer Correct answer: (C)
9. The business plan should be prepared by:
Entrepreneurs Consultants Engineers Small business administration services View answer Correct answer: (A)
10. What is the primary concern of founders who trade equity for capital for their growing venture?
Capitalization Control Valuation Investor capabilities View answer Correct answer: (A)