Entrepreneurship Development mcq part 1

Entrepreneurship Development mcq notes part 1

1. Any patents, trademarks, copyright or trade secrets held by the entrepreneur is known as

Intellectual property

2. The organization will never be able to make the necessary changes without_________

Top management commitment

3. The ways entrepreneurs make decisions.

Entrepreneurial domain.

4. locus of control is

Attribute

5. International entrepreneurship is

1. Licensing

2. Exporting

3. Both mentioned options

6. A set of reasons for engaging in a behavior, especially human behavior is

known as _____________.

Motivation

7. When the multiplicity of environments become too complex to handle, the

international entrepreneurs often __________.

Decentralize operations.

8. Having more than 50% ownership position that provides the entrepreneur with

managerial control is called ___________.

Majority interest.

9. In __________________, the entrepreneur has the right to sell any assets.

Proprietorship.

10. SBIR stands for:

Small Business Innovation Research.

11. An entrepreneur's primary motivation for starting a business is

To be independent.

12. To be successful in an entrepreneurial venture, you need

Luck.

13. A successful entrepreneur relies on which of the following for critical management

advice

External management professionals.

14.Entrepreneurs are:

Moderate risk takers.

15. Entrepreneurs:

Just fit into the crowd at a party.

16. NAFTA stands for:

North American Free Trade Agreements.

17. _________________ is one method of stimulating, and then capitalizing on, individuals in an organization who think that something can be done differently and better.

Intrapreneurship.

18. The typical _________________ has a climate and reward system that favor conservative decision making.

Corporate culture

19. Female entrepreneurs normally start their venture at the age of

_____________ years.

35-45

20.Which of the following is recognized as the most common type of patent?

Utility patent.

21. ----------------- uses individuals in a manner that is analogous to focus groups to generate new product ideas.

Problem inventory analysis

22. A ----------- leads a group of people through an open, in-depth discussion.

Moderator

23. The ------------------------------------- technique develops methods for maximizing value to

the entrepreneur and the new venture.

Value analysis

24. The term entrepreneur came from:

French.